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BlackBerry Limited Message Board

  • card_crazie card_crazie Aug 23, 2005 8:04 PM Flag

    RIMM Technicals.

    Look at any chart RIMM is going up not down.

    To look at this on a daily basis is for gamblers. RIMM is uptrending no doubt about it.

    I'm not talking about making a few pennies over a few days I'm talking about making real money & RIMM is on it's way. Next level of resitance is $78.50.

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    • It was over $100 in Dec. when Nasdaq was around same as today. Nobody upgraded this stock when it was trading below $65 in late Apr early May, what does that mean? It means it is not cheap even at $65. Has been downgraded 3 times in since April. RIM is a great company with a big risk of NTP/Microsoft etc. when big guys want to dump their shares they leak such false news and day traders don't care the valueation/risks etc. Yest I shorted this stock at 78.22. Just watch tomorrow it'll break today's low to confirm the downtrend and by friday or early next week it should break the 73.05 support. I'm not against this company, i love the blackberry but a good trader has no emotions. Goodluck.

    • actualy it broke triple resistent

      if it hold some day above 78 then you might be right

      earning is more importent from technical chart nalize

      so my opinion is

      rimm will trade in the range of 74-78 until the earning then no one know

      my indicators shows that rimm is under distrbution

      I just wonder what cause the last rally??

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