Algokid
Long

LONG - Reserach in Motion (RIMM)

NASDAQ:RIMM   None
459 views
Taking a long position in RIMM for the following reason

- Up two month in row
- Positive volume
- Resistance has been tested
- New product line coming Jan. 2013 ( although it would be better if it came out for the holiday season)

I have a target around 14.22. with a tight stop loss at 7.13. Will monitor the trade on a monthly basis , unless stopped.

AlgoKid

Comments

BANG ! , glad i'm out of this one
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Well done :))
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Algokid StockFxMarket
thanks buddy
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Almost bulls eye.........Closing this trade this morning. ( high of 14.21 on friday)
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Target is still 14.22 , but placing a stop @ 12.42 ..... :)
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Look's me nice
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Algokid StockFxMarket
Thanks Stock FX :)
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Here 's a Bloomberg article on today' s move . ( Kaching!!)
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U.S markets are closed , but RIM is up 17 % on the TMX ( Toronto) currently at $12. looking to take some nice profit of the table in the morning. Happy thanksgiving :)
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back to double digit territory , but for how long ? I'm expecting a lot of "turbulence"" at that level, but my target is still the same. :)
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