i'm going to be buying more as at these prices today im at a few k loss
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i'm going to be buying more as at these prices today im at a few k loss
gap filled..
I'll be shocked and shareholders should be worried if $15.00 doesn't hold today. After that $14.00 is really key. I don't think you will get there, but the shares are behaving terribly these last 2 days. I expected some consolidation today after yesterday's route. Not for the weak of heart that's for sure. Keep the faith!
think we've seen the bottom.. the RSI seems to provide some support
Big balls make big money. Nothing's changed since last week when it was flying. Shrug this headfake off and if you can, average down. This is the shorts last stand and weak long are getting flushed out.
Jebus.... it keeps on tumbling... and quickly at that.
*sigh*
http://forums.crackberry.com/news-ru...ml#post7871498
http://forums.crackberry.com/news-ru...ml#post7883284
I've warned plenty of times, was mostly ridiculed.
What He Said!
Wow, those were pretty prophetic. Now I feel bad for getting in at $16.10 :(
This is getting ugly, quickly. Come on RIMM. I don't think it will get there, but after 14, 12 is next.... RIMM needs to hold 15 and now!
I have taken profits, just waiting for the new low to jump in again for the long haul. People dont trust $RIMM so they were always going to sell based on the launch not delivering.
its pretty discouraging i don't usually worry to much but i have a naging in the back of my mind about pricks and their shortting lol
it is what it is though and i'm sure tomorrow it will hopefully go up and these shorters will the the potential in BB10
I never give advice, but I would not sell at this point, the major damage seems to been done. I think the shorts are at work, but I also think there are many traders who made a ton of money as RIMM broke out and don't trust RIMM's event tomorrow and are locking in profits and moving on, perhaps to rotate into FB or AAPL or other stocks. They made their money and are moving on.
In case you guys missed my earlier email. It looks like he sold some too:
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Jan 28/13 Jan 25/13 Heins, Thorsten Gerhard Direct Ownership Common Shares 10 - Disposition in the public market -65,787 $18.17
Jan 28/13 Jan 24/13 Heins, Thorsten Gerhard Direct Ownership Common Shares 57 - Exercise of rights 134,000
Jan 28/13 Jan 24/13 Heins, Thorsten Gerhard Direct Ownership Restricted Share Units 57 - Exercise of rights -134,000
i wasn't i was actually going to but more and top off my TFSA maybe i'll buy even another 500 shares, if things go the way we think with bb10 out investments will be worth it and thats what i'm in for the long haul not a short buck
Apparently that was to cover some tax on his stock compensation. Quite common.
It is profit taking to avoid uncertainty. You have no idea what is happening tomorrow, they could announce any, public is just avoiding the risk of a botched launch and bad headlines on Thursday. Honestly I would have cleared the table too if I didn't have puts in place.
ok, time for the rebound. let's see now.
True and also maybe to raise some cash to exercise his options. HOWEVER, the original post here did not mention the sale and that he exercized OPTIONS. That is a much different story than a straight up, market value purchase.
OK i had a stop loss @ 16 and it got filled at 15.68 ? how come ? is it because the market opened at that price ? also how can i know we have hit the bottom before buying back in ?
Once the bid hits 16 your stop loss is activated and it turns into a market order. It take some time for the sell order to get filled.
I'm guessing it gapped down and so when it opened they filled it. You'll never know the bottom for sure, if you do, please call us from whatever beach you are (pre-tropical drink consumption) on and let us all know when to buy!
I could careless with the price action as I believe in BB10.Buddy was telling me friday that RIMM may want to fill/test the $14.91 GAP before heading higher. Besides making money I can not wait to get my hands on the Z10 and rumours say it could be out a week today. So pumped to finally have one.
this is not how i expected this week to go, with it being the last 2 trading days before the launch of a phone that has received universally positive reviews and has global carrier support.
as of right now it looks like its stabilizing at the 15 mark but maybe its a stop before another short