I think you`re right. Bounces should be sold. Total US market (Wilshire 5000) has lost 11% in 3 days. Incredible.... Just completed my spreadsheet indicators - grossly oversold, but still no turn up.

Rather than RIMM, I`d consider selling puts on AAPL. A nice pullback to the breakout point, and because of the high VIX, nice fat premiums. I would do that, but I only have a small amount of cash right now (rats, again).