See previous blogs. Stock may have completed a rather compressed triangle, or there simple was not one or one still has to come. In all cases $16+ is a good exit point. Nice profit too.

Rim could be making a triangle. There are alternatives but that would fit best. Target would be about $16/$18 or so. This was the original expectation.

Then (Dec. 12th) and now charts;

It is always heartening to see that the EW approach does sometimes lead to superior results.  It certainly is better than listening to the noise from BNN.

The stock did go to about $15 (overnight) on wave 3 as anticipated  (Nov. 22 blog) but then things cooled off pretty fast and now we are down 20% or so. This is probable (repeat; probable) part of wave 4. Often waves 4 become triangles and need some time so there is little need to stick your neck out now. But the largest move is usually the very first leg of the triangle so you might miss out on some of the action. $10.05 is where wave 4 could go.

We would be inclined to wait this out. There is a possibility that we are actually already in wave 2 down in which case we could go even lower. At about $9.50 it would be a buy in all cases.

Here is a possibility. However it could be that 3 ended at about $12.50 and we are already in 5.  Not at all that confidant about this but my gut tells me  this might just be good enough. Remember that making money is all about not losing it. My inclination is to call it a day.