That’s the spirit!
I must say I’m impressed with RIMM running again today to the tune of 11.4% increase in price action. Fortunately, I jumped back in during the morning spike. After price action took out the Monday high of $10.98, it was a no brainer to buy back the stock.
Below is the 5 min chart of RIMM:
The rally continued all day with a minor roll-off by the end of the day.
If the momentum can keep up, I believe RIMM may rally back to the $14 price level to commensurate with the launch of BB10 phone by end of January, 2013, which is about a month away.
I may add more if price action took out the high of last Friday ($12.39).
With oil price spiked up today, I felt the market would eventually follow with rising prices (provided oil price would not give back today gain by end of this week). Thus, I went into buying spree and bought back SZYM, CCJ, DNN, SGY, & KERX.
SZYM is a long-term position in my eyes and I just could not see myself not holding it. Despite my concern with its volatility, I bit the bullet and bought back the stock. Yeah, it went down afterward. Mr. Market does not always make it easy for anyone.
I bought CCJ and DNN because I believed 2013 would be the year for uranium.
@RaginCajun pick and I like the look of the chart.
KERX is a Biotech gamble; albeit a small one since I’m currently loaded up on AMRN.
My current holding is now: LRAD AMRN USU SZYM EMAN RIMM DNN CCJ KERX SGY & 38% cash.
One Response to After falling down, RIMM picked itself up and run again
Stopped out of $RIMM position to lock in profit.