Sunday, June 19, 2011

Research in Motion (RIMM)


 The pain may not be over for shareholders of Research in Motion. RIMM actually surpassed its 2009 bear market low on Friday and the long-term pattern would actually take the stock into negative numbers if that were possible. 




 The lesser pattern is more optimistic, however, and worth a bottom-fishing attempt at $25, on a tight stop. 




Always perform your own due diligence. These are only my opinions.