From Failed Moves…… And RIMM?

NTES 10.22.09“From failed moves come fast moves”.  Read the caption and had to laugh as I’ve heard this numerous times from a fellow trader I chat with @ so I was intrigued and read the post.   If you’re unfamiliar with the phrase, I strongly suggest you read this example from Leigh Drogen @ Surfview Capital to understand the true action behind the move itself.  I’ve actually been watching NTES for just this type of setup.  Given the markets selloff this afternoon, the timing may not be right but its *that type* of move [where the shorts are crawling all over the drop] that if it fails, there could be huge and fast upside in the stock.  Set an alert or trigger and wait.  Patience truly can payoff 😉

(edit) RIMM is also another such candidate

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