Added to a position today.
RIMM
gh
Thursday, November 1, 2012
RiMM update
A few days back the volume in RIMM caught my attention. Today the price broke to a new recent high. Something seems to be going on. Maybe just short covering. Maybe something else. I don't know. But the price looks set to go up from here.
Added to a position today.
RIMM
And how it looked before
The point of this is that the price has been going sideways for some time. The increases in volume on the upswings points to accumulation or short covering. If it is the shorts covering we may see an impressive rally. Or not.... control risk. Don't fall in love with any trade!
gh
Added to a position today.
RIMM
gh
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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh