RIMM ==> The USVI Winner!

[skiracer]

What is coming is a simple retest of the breakout level at $78.66. That's the place to buy RIMM.

market back to 235 points over 13000. looking stronger to the upside with the FED lowering the rate and shoring up the subprime lending. I wouldn't be shorting it here. put up a chart NB showing us why you like it to the downside from here. todays drop was on much lower volumn. actually it tried to test that range today at the low of the day at 79.67 and recouped almost a point to close that much higher than the low. the downside is a trap from here.

[New-born baby]

Rimm Just Failed Its Test Today.....it Was A Bad Boy...now Its Getting Ready To Fall.....watch Volume As It Crosses...78.66 That Will Be The Tale Of The Tape!!!!

What is coming is a simple retest of the breakout level at $78.66. That's the place to buy RIMM.

[ywamchris]

Do tell

Rimm Just Failed Its Test Today.....it Was A Bad Boy...now Its Getting Ready To Fall.....watch Volume As It Crosses...78.66 That Will Be The Tale Of The Tape!!!!

Ninner,

I'm kinda new on the scene here. Can you explain your'e volume comment?!?

Chris

[ninner]

hahahaha

Rimm Just Failed Its Test Today.....it Was A Bad Boy...now Its Getting Ready To Fall.....watch Volume As It Crosses...78.66 That Will Be The Tale Of The Tape!!!!

[Karel]

what's your limit order set at? (if you dont mind me asking)^^

Not at all. I am a dedicated follower of $$$Mr. Market$$$, so I have my limit order at his target price (now split adjusted at 86). My line of reasoning is embarassingly simple: I want to be ready for $$$Mr. Market$$$'s next pick when he is. My decision to "follow $$$Mr. Market$$$" is entirely my own, and everyone here is free to make that decision or not; their responsibility.

"Yup, my limit orders are primed"???
That's amazing Karel. I knew your English language skills were good, but I never knew you had such a mastery of American slang words. [...]

I think it comes from hanging out with the wrong pals. My English certainly is not bad, but I probably do a lot more looking up when I am posting than you do.

And I like RIMM too!

Regards,

Karel

[jiesen]

what's your limit order set at? (if you dont mind me asking)^^

I'm setting mine for 85.9, a dime below $$MM's target. Karel probably set his to something similar as well. I'm not married to the number, though, and if it opens up to 85.6 and hangs out there for a while, I'd probably lower the price another dime or two until it gets hit.

I'm aiming for a 15% profit, but if I get 14% a week earlier, I'm still happy! Especially if it proceeds to pull back again after getting close to the 15% target. I'd love to make a second round trip of 14% or more on this one.

$$MM, you may want to bring your Crackberry with you to your golf game this week, as you'll need it to make some BIG MONEY very soon! (you do get stock quotes on the thing, I assume?)

[Websman]

Yup, my limit orders are primed!

Regards,

Karel

"Yup, my limit orders are primed"???
That's amazing Karel. I knew your English language skills were good, but I never knew you had such a mastery of American slang words.

I've been speaking English for over 42 years and I'd be willing to bet that your English is better than mine. In fact, I know it is...considering the fact that I'm still speaking "southern redneck" English. Any the rest of y'all speak Redneck? YEEEEEEEHAAAAAA!!!

BTW: Congrats to all who bought RIMM. This will soon be another winner for the Huge One!

[squarepusher]

Yup, my limit orders are primed!

Regards,

Karel

what's your limit order set at? (if you dont mind me asking)^^
________
LANSING ENGINE PLANT

[Karel]

Nearing the split-adjusted target of $86... came within $2 already this morning.

Yup, my limit orders are primed!

Regards,

Karel

[jiesen]

RIMM getting close!

Nearing the split-adjusted target of $86... came within $2 already this morning.

[New-born baby]

Hmmm....I reckon breakaway might be worth respectin'....and maybe stops too.....
]

Yes, and a little help from the FED, too. In at $223.60 Spike. And the call/put can still be covered. But I haven't yet.

[spikefader]

Hmmm....I reckon breakaway might be worth respectin'....and maybe stops too.....

[mrmarket]

You Seeees?

Out of the Gate: Research in Motion Up
Monday August 20, 10:37 am ET
Analyst Says BlackBerry Sales Are As Good or Better Than Last Year

NEW YORK (AP) -- Shares of BlackBerry maker Research in Motion Ltd. rose Monday after a Goldman Sachs analyst raised his price target on the company, saying sales are steady and international sales should increase.
Brantley Thompson, who rates the stock "Action Buy," raised his price target to $295 per share from $260, implying the stock will rise 33.8 percent over the next year. He said BlackBerry 8800s, Pearls, Curves and Worldphones are selling as well or better than they were a year ago.

Thomson says international sales should be strong as Vodafone PLC and retailer Carphone Warehouse begin selling more RIM products. He estimates the company will report 1.375 million new subscribers in the quarter ending Aug. 31, up from his previous estimate of 1.35 million.

Twenty-four analysts report a "Buy" rating on the stock to Thomson Financial. Eight rate RIM shares at "Neutral," and one has a "Sell" rating on the shares.

The stock added $6.34, or 2.9 percent, to $226.92 in morning trading.

[skiracer]

I don't think RIMM goes much higher in the next couple of days . . . remember my plan I posted a few days ago about RIMM retesting the $210 resistance/support. IMHO RIMM retests the $210 again very soon. But of course, I could be very wrong. Your comment about the DOW moving up 500 pts from here does seem to make sense to me. There are a lot of bargain hunters out there who will probably jump in. But that is only half the market. Not so sure about the institutions here. And there is such a thing as a sucker's rally. Whether or not this one will become one remains to be seen.

Thanks for the post, Ski.

actually i said that, "from this POINT, after the FED rate cut and Fridays action, would it seem more reasonable for the INDU to go up 500 points or down 500 points. i was asking a question more than making a prediction of direction. i'm much more bullish here than bearish right now but am sensible enough not to predict anything. lots of former leaders at more than reasonable prices to provide incentive for buyers. knowing this and that fact would you be a seller right now or would you wait. i think there is a stronger chance of buyers coming in and 500 points would still leave the market at 450 or so under it's previous highs and that area would still have provided a decent correction of around 3.5 % which is normal, never really hurts, and usually brings the buyers back into the fray.

[New-born baby]

I sure haven't been channeling much lately. Last night I was studying RIMM from just about every angle, and I'm yet to find anything that seriously challenges the bullish nature of it. Below are a few more charts worth a glance.

Would you have pocketed the profit? Lord knows what you would have done. I would have hoped you would have done that, given what I'd whispered about RIMM gap support, in addition to all the stuff I've been posting about an impulsive market bounce. But looking at your comments in this thread I'm not so sure you wouldn't have looked for more bearish profits......

Spike,
When I am watching the screen all day, and I see a bull move, I take profits because I like profits. And I don't like being in the red, either.

Thanks for the charts. No doubt RIMM moves up and takes out MM's target. The question is simply how low does she go before she does that. I'll post my next move(s) here so ya'll can comment .