Stock to Sell #1: Research In Motion (RIMM)
It seems that each new product offering from BlackBerry maker Research In Motion Limited (NASDAQ: RIMM) is upstaged by rival Apple Inc. (NASDAQ: AAPL). RIMM managed a reaction rally in July, but it ran into a wall at the 50-day moving average and rolled into a new channel down. The recent rally has bounced RIMM to just under its 200-day moving average where it should be sold or sold short with a downside target below $38.
Short-selling is a speculative technique, so traders should enter stop-loss orders. Also, check with your broker for margin requirements and the ability to borrow stock. Naked short-selling (selling without first borrowing stock) is illegal.