RIMM Should Be Sold – For Now
At $200, I believe RIMM should be sold, only because the market looks sick. We have had far too many intra-day reversals to the downside and I am cautious on this tape. RIMM can be bought back lower in a few weeks.
– Faisal Laljee
Full Disclosure: I don't own RIMM but my position can change anytime without notice.
RIMM dowm 6.66 in total on Tuesday. Is this a sign to sell??
I don’t think that the decline of 3% is a sell signal, specially considering that volume on the sell off was lower than the volume on the previous two days when the stock shot up. However, if you investment horizon is 6-12 months, some profits should always be taken when a stock rises as much as RIMM has (over 60% in 2 months).