Trading Ichimoku

I mentioned about Salesforce.com (CRM) previously and about its consolidation. I was late in the game and did not manage to catch CRM when they announced earnings. As mentioned in my previous post on CRM, I am expecting that it will consolidate before moving up further. The key is to find another entry point. August [...]

I am still holding my short on RIMM but is tempted to close my position soon. So far, RIMM has been breaking down from around $48 to about $44 now. RSI is fast approaching 20 and may be a good time to take some profits off the table.

Marc Benioff reported Salesforce.com results on August 19 with the following quotes: Second quarter revenue of $394 million rose 25% year-over-year. Even with an annual revenue run rate approaching $1.6 billion, our revenue growth is accelerating. At 25%, second quarter revenue rose at its fastest rate in six quarters and it represents the third quarter [...]