I Like RIMM Here

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I bought some RIMM this week (48.30). I like the action, but I'd like to see it be able to hold the 50-day EMA for a few more days. My initial target is the 200-day EMA but I will stick with it until the new ascending trend breaks.


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I had raised my stop once already and it just missed, by .09, getting hit this morning, and seems to be bouncing off the lows. I should probably add here, but I added on the prior dip so I have enough in this game.

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Back to the top.

Don't you just love those "fake out" moves prior to the big moves? It sure can be misleading to the small guys as they clean out the stops.

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A nice little pullback to possible support after some news out of Dell affecting RIMM. Could be a nice place to jump in or add.

I raised my stop to 49.25.

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RIMM pulling back today after a downgrade to a hold by an analyst. Stop raised to 53.66.

RIMM (http://finance.yahoo.com/q?s=rimm)

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Breakout from bull flag and now trading above the 200-day EMA...

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Raising stop on RIMM to just under 55.00.

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Another breakout for RIMM. 63 looks like the next resistance area. My stop remains just below 55, but should be rising next week.

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Another breakout for RIMM. 63 looks like the next resistance area. My stop remains just below 55, but should be rising next week.

Raising stop to just above 57.

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Raising stop on RIMM to just below 58. Will likely be able to move it higher by the end of the week, should the current stop hold.

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I bought some RIMM this week (48.30).
Stopped out at 58.50