RMBS had a sharp pullback from its January highs and was recently stifled by the resignation of its CFO in early February. However, now it has made a higher low and appears ready to break its February base to the upside. This is a short-term move which will likely result in a lower high notwithstanding any new catalyst. My target is $32.00 - $34.00.
RIMM is a very short-term trade setup in anticipation of Friday's patent dispute verdict. The judge wants this case off of his docket and is unwilling to wait for the patent office which lags behind the court system. This case has high drama and by Friday Feb. 24th we should have some sort of verdict/settlement. In the meantime,
RIMM looks well positioned to retest the top of its base.
RIMM is a very short-term trade setup in anticipation of Friday's patent dispute verdict. The judge wants this case off of his docket and is unwilling to wait for the patent office which lags behind the court system. This case has high drama and by Friday Feb. 24th we should have some sort of verdict/settlement. In the meantime, RIMM looks well positioned to retest the top of its base.
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