Closed my RIMM position, quick 43.50%
Wednesday, February 24th, 2010Like I thought, RIMM bounced back today well above the $70 level. That gave me a quick 43.50% return on my investment. Tomorrow in a pullback, I am getting IN. Why? 1. RIMM was upgraded this week, 2.they appear to have a strong momentum, 3. technicals are showing the stock can go as high as $80, based on markets conditions of course. and 4. RUMORS: Theres is some speculation that MSFT might put an offer in the table for RIMM. Let me know what you think….
ABOUT THIS AUTHOR
I’ve been trading since early 1990s in the markets. After having lived through the DOT COM crash, as well as the bounce thereafter, I realized that in order to make money in the market our EXITS are far more important.
Patience + Discipline + Money Management + System = PROFIT
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