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April 12, 2007


A Look at RIMM’s After-Hours Action

Bad tone from the get-go, across the board selling, but it accelerated after the release of something by “Fred” at 2 PM. New lows list full of homebuilders, and mortgage lenders, and regional banks.

All the elements came together once again for a solid Dendreon (DNDN) Dummy trade: 1) unusually active and volatile; 2) clearly trending down; 3) broad market tone at its back; 4) low-risk spot to get short. If you were lucky enough to enter under the 11:30 bar, your reward to risk was over ten times. “So you had that goin’ for you, which is nice” (other Carl Spackler fans out there?).

DNDN

RIMM, what can I say, it broke so fast even this 1-minute chart shows that it was next to impossible to execute against. (Apologies for the bad ticks but they always happen when trading gets fast and furious.)

RIMM

This entry was posted on Thursday, April 12th, 2007 at 8:48 am (utc+8) and is filed under Trading and Investing.

2 Responses to “A Look at RIMM’s After-Hours Action”

  1. Andy Swan said:
    April 12th, 2007 at 1:28 pm

    Thinking about betting on a brutal day for GOOG Friday….

  2. C. Maoxian said:
    April 12th, 2007 at 2:58 pm

    Andy: Why? What’s the logic?

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