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Re: RIMM/Continues to Rally/ceejay *LINK*
In Response To: Re: RIMM/Continues to Rally ()

I never did buy RIMM and lose money on it as once it started its downtrend years ago it was clear it was losing ground. The analysts back then talked about RIMM like they talk about APPLE now. I never have been one to follow the crowd when everyone and his dog is singing the same tune. Too many people on one side of the boat is a recepe for disaster and always has been. Notice APPLE has fallen $200 per share since September! I started posting this chart on Oct 5th last year when it was base building. And it was a classic example of a viable company that had been beaten down and was very oversold. That often happens with analysts in love with a stock until they are made to look like fools and then to justify themselves condemn the stock and bad mouth it so as it continues to selloff they can claim they were 'right' in the long run. The Gold stock AEM bottomed last summer with the same 'story' as well. As long as the company is basically sound this works. If it is going out of business it doesn't. Big difference between those that are and those that aren't. But I didn't buy RIMM in Oct and just hold it as in the several posts since I suggested that smart money recognized this oversold situation and were loading up and then promoting it on the financial networks. Sure enough that is exactly what happened. No surprise there. From here onward it could turn and go sideways or fall out of bed or continue to soar. Smart money will decide that and who knows where they'll get off if they aren't already. So it's just another trade at technical price points now. They have already made out very well from the base build and breakout. Too many people watching it now for me. I only get on and off at certain points and for short bursts. I don't fall in love with markets. Got over that long ago. As far as the VIX type ETFs they have a downward bias to them. Especially the double and triple ones. "IF" the broad market goes sideways or rallies further they will crash and burn as many have learned the expensive way.