I'm glad I had RIMM on last night's watch list, otherwise I might have missed this move altogether. I know I called it wrong, but at least it was on the radar. RIMM got a boost from Amtech this morning on raised estimates in anticipation of a strong new handset line-up. Having missed the actual breakout, I waited to a low risk entry. I locked in 50% profit after 2 pts. as price approached my resistance area and I managed to hold the rest into the close. This was my only trade today as everything else in front of me was NR.
Thursday, August 10, 2006
Trade of the Day - Research In Motion NASDAQ (RIMM)
I'm glad I had RIMM on last night's watch list, otherwise I might have missed this move altogether. I know I called it wrong, but at least it was on the radar. RIMM got a boost from Amtech this morning on raised estimates in anticipation of a strong new handset line-up. Having missed the actual breakout, I waited to a low risk entry. I locked in 50% profit after 2 pts. as price approached my resistance area and I managed to hold the rest into the close. This was my only trade today as everything else in front of me was NR.
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