My best stock in 2007 was RIMM. It had an incredible run trading up over 400% as AAPL made the world believe that smartphones were going to become a mainstream consumer product. The massive move in RIMM offered a multitude of short term trading setups. Several years later after the smartphone market exploded it was clear that there were two winners and RIMM wasn't one of them. But as the market often does it overshot in the other direction as most assumed BBRY (ticker changed) would be going out of business sooner rather than later and the stock traded down to about $6.
In the past six months it has been in an uptrend and more recently its volatility has picked up considerably. It went from Read more [...]
My best stock in 2007 was RIMM. It had an incredible run trading up over 400% as AAPL made the world believe that smartphones were going to become a mainstream consumer product. The massive move in RIMM offered a multitude of short term trading setups. Several years later after the smartphone market exploded it was clear that there were two winners and RIMM wasn't one of them. But as the market often does it overshot in the other direction as most assumed BBRY (ticker changed) would be going out of business sooner rather than later and the stock traded down to about $6.
In the past six months it has been in an uptrend and more recently its volatility has picked up considerably. It went from Read more [...]