I initiated a long position in RIMM today, looking for a bounce after a 25% monthly sell off. The RSI is very oversold here. We have had increasing short interest over the past month and so any sign of a snap back my lead to some short covering. I'm only in this for max a couple of weeks, if we haven't bounced by then I'm out.
Entry: 43.19
STOP: 40
Target 47+
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