the active RIMM long trade continues to appear to be trying to pound out a bottom and has once again broken above the primary downtrend (last thursday), successfully retested it, and has moved higher for the 3rd day in a row so far. as i mentioned, this is a potentially longer-term trade but as a stock bottoms, there’s often a lot of back and forth volatility and whipsaws are remorseful longs, deeply underwater, capitulate and throw in the towel as new investors step in to buy. my own personal preference is to scale in gradually with loose stops, based on the weekly chart posted a couple of weeks ago.