Bookkeeping: Closing Research in Motion (RIMM)

This is another tiny position that we cleared out of ahead of earnings - I have less than a 0.1% position sitting around as a holding stake. At this point, I don't want to be a buyer of Research in Motion (RIMM) until it shows the strength to get over $72 (50 day moving average) and stay there or... at much lower prices. I still like the company in the long run - it's just not in an enviable spot on the chart, and prone for a potentially large drop. If I'm wrong on the "drop" it will rebound over the 50 day and provide a safer, if a bit more expensive, entry point. It is no man's land now and not at a place I'd be buying - so no reason to hold.

The chart is in the previous entry.

No position