Tuesday, December 4, 2007

I LIKE RIMM: MATE


I told you yesterday the downgrade on RIMM made no sense (wall street) they do this crap to get the stock down, I hate the analysts. The are worth ten times less than the shoes they wear and why are they even employed. Why should you care what they say? Why?

KEEP THE INFO AND GIVE IT TO YOUR BIG ACCOUNTS, thats who should care.

BOUGHT RIMM YESTERDAY and BUYING MORE WITH BOTH HANDS (See intraday chart over the past few sessions)

http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={3D6B5FE9-767F-4337-8BE6-8D896EA4A13F}

No comments:

About Me: Disclaimer

$BPCOMP

$BPCOMP
Extremely Oversold

Regarding Chart: BPCOMQ

This is the lowest close seen in years, usually a sharp and violent rally follows these moves enhanced by short covering, this is no time to short and start making a shopping list.

Bear-ly Hangin" In dustrials

Bear-ly Hangin" In dustrials
Dow Graph: 11/20/07
The Dow looks like its fighting for its life here at the level. It's no surprise there was a vicious bounce off the trend line as shown in the chart. Unfortunately, the last time we had that five hundred point reversal day was caused by the Fed stepping in, there has to be a similar event that helps the market or there is more pain ahead. The Fed minutes said nothing the market really liked, we sold off hard and bounced back hard as we hit support. This was just a reflex rally we may have to get one more really painful selloff to get around 12500.