RIMM battles back

The better daytrade was in Research in Motion, which had been crushed, devoured, brutalized, murderized, annihilated and pulverized by the institutional sellers for an eternity. The stock was already below its 50-day simple moving average before the market opened today, then dropped from 103 to 96.80. Then came the comeback.

The last time RIMM dipped beneath its 50-day SMA, three days of huge gains followed. Since we're not in Fed-cut mode anymore, this will be interesting to watch next week. I'm still long RIMM, but I felt more comfortable daytrading AAPL. That may change on Monday. Or not.