{"id":11950,"date":"2011-06-01T11:19:11","date_gmt":"2011-06-01T15:19:11","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=11950"},"modified":"2011-06-01T17:59:27","modified_gmt":"2011-06-01T21:59:27","slug":"a-signal-from-the-tape-rimm","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-signal-from-the-tape-rimm","title":{"rendered":"A signal from the tape (RIMM)"},"content":{"rendered":"<p>With all things algos these days stocks rarely repeat for size at the same price. \u00a0Instead of 41.70 just repeating on the offer. \u00a0There is some at 70c, some at 71c, some at 73c, some at 77c as the sell algo lifts to see if the buyer will pay higher. \u00a0So when find a seller selling at the same price, repeating at the same price on the offer, this is rare. \u00a0And it may indicate a big seller to follow.<\/p>\n<p>Today we saw this in RIMM. \u00a041.80 sold too much on the offer at the same price. \u00a0Then a seller(s) stepped down and sold stubbornly at 70c. \u00a0There was no algo lifting to selling higher. \u00a0There was just 70c on the offer sale. \u00a070c on the offer sale. \u00a070c on the offer sale. \u00a0All of this streaming on our prints.<\/p>\n<p>Since we spotted this aggressive seller on the tape RIMM has done nothing but trade lower. \u00a0Much lower. \u00a0And it shows no signs of breaking its intraday downtrend yet.<\/p>\n<p>We have noticed this aggressive seller foreshadowing big moves to follow lately. \u00a0This signal from the tape is not something to be ignored in this trading environment.<\/p>\n<p>When we spot an <a href=\"http:\/\/www.smbtraining.com\/blog\/shorting-mdt\">Unusual Hold on the Offer<\/a> in a weak stock we get aggressive. \u00a0We want to be fully loaded with stops above the held offer. \u00a0 Think how big can you get at this moment while being responsible. \u00a0This is not a high percentage trade but when it works the reward can be points. \u00a0So overall this can be an excellent risk\/reward trade.<\/p>\n<p>Mike Bellafiore<\/p>\n<p>Author, <a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-ebook\/dp\/B003VIWRJA\/ref=tmm_kin_title_0?ie=UTF8&amp;m=AG56TWVU5XWC2&amp;qid=1306876854&amp;sr=1-1\">One Good Trade<\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/rimm-70-seller.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11975\" title=\"rimm 70 seller\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/rimm-70-seller.png\" alt=\"\" width=\"520\" height=\"360\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/rimm-70-seller.png 650w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/rimm-70-seller-300x207.png 300w\" sizes=\"auto, (max-width: 520px) 100vw, 520px\" \/><\/a><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: center;\">\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/rimm-unusualhold.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11959\" title=\"rimm unusualhold\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/rimm-unusualhold.png\" alt=\"\" width=\"495\" height=\"421\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/rimm-unusualhold.png 707w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/rimm-unusualhold-300x255.png 300w\" sizes=\"auto, (max-width: 495px) 100vw, 495px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With all things algos these days stocks rarely repeat for size at the same price. \u00a0Instead of 41.70 just repeating on the offer. \u00a0There is some at 70c, some at 71c, some at 73c, some at 77c as the sell algo lifts to see if the buyer will pay higher. \u00a0So when find a seller selling at the same price, &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/a-signal-from-the-tape-rimm\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4674,338,268,81,1354,1349],"class_list":["post-11950","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-one-good-trade","tag-reading-the-tape","tag-rimm","tag-smb-training","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A signal from the tape (RIMM) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/a-signal-from-the-tape-rimm\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A signal from the tape (RIMM) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"With all things algos these days stocks rarely repeat for size at the same price. \u00a0Instead of 41.70 just repeating on the offer. \u00a0There is some at 70c, some at 71c, some at 73c, some at 77c as the sell algo lifts to see if the buyer will pay higher. \u00a0So when find a seller selling at the same price, ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/a-signal-from-the-tape-rimm\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-06-01T15:19:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2011-06-01T21:59:27+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/rimm-70-seller.png\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta 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