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Based on tmf'er JannyGruenig's gap theory:

LOD pre-gap \$34.67

HOD gap-day \$29.93

Gap=\$4.74

Subtract gap from HOD of \$29.93

= Gap Target of \$25.19

To those unfamiliar with the theory, and I have noticed this phenomenon throughout the years after discovering Janny's Gap Theory, the vast majority of these gap targets (90%+) are reached. It's been my observation that this occurs within the first few months (or sooner).

The point is--while many of you may be tempted to jump into RIMM right here thinking you're getting a great bargain, think again. You should be able to get a much better price (and thus return).
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Where can I learn about Janny's Gap Theory?
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She posted about it years ago over on the short-term trading board. It was as phenomenon she personally observed. Essentially:

--when a stock gaps down
Take the LOD (low of the day) for the day before the gap
subtract the HOD (high of the day) of the gap-down day
This = the gap
Then subtract that gap from the HOD
This will give you a gap target--it was Janny's observation that over 90% of the time the gap target is reached. After following her method, it's been my observation as well that the target is reached nearly all the time.

btw--when a stock gaps up, the reverse is applied:

take the HOD on the day before the gap-up
subtract it from the LOD on the gap-up day
this determines the gap
Take that gap and add it to the LOD on the gap-up day to determine the gap target.

There were a few caveats in her method--like takeover news, or similar events that created a gap would not be appropriate situations to use the method.
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I should add that the gap target of \$25.19 for RIMM was already reached on 7/29/11.
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I'm still shorting it now and hope to see a good price to cover it. My expectation is around \$24.
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Just understand that once the target has been reached, it's no longer valid. You'll have to look for other technical indicators--fibs, ma's, oscillators, etc.