im long some RIMM

Discussion in 'Stocks' started by cashmoney69, Jan 15, 2009.

  1. This looks more than the recent AMZN run-up than anything else. There's strong resistance around $67, but I think it could run up to the $80s.

    I dumped RIMM awhile back when it was stagnating, scooped some around $35 a couple weeks ago. It's been a fun ride :)
     
    #151     Apr 4, 2009
  2. sold half shares at 61.92 :D
     
    #152     Apr 6, 2009
  3. Did you watch Cramer tonight. He is extremely bullish on RIMM.

    His TA pro (friend) sees RIIM up to $85. Look at the W pattern on the weekly chart we can see $85 target.

    Low volume today.

    http://stockcharts.com/charts/gallery.html?rimm
     
    #153     Apr 7, 2009
  4. I've been long RIMM since mid February and do still think it has room to run. That being said, I took some off the table after the earnings bump. I would like to buy back in at cheaper levels to be safe. I think $85 is too high but we could see $70 shortly based on last weeks earnings and guidance. If news starts coming out about declining phone sales, declining consumer confidence/spending etc, RIMM could take a bit of a hit to the downside. I overall agree with being bullish on RIMM though.
     
    #154     Apr 8, 2009