The recent surge from 39 last month to 63+ today is why I sold some RIMM today.
But I am going to initiate a buy on a pull back to $53. I think there is a good chance this stock will pull back to this area. Then RIMM could resume its advance to $100 where I will initiate another sell of 1/4 of my position.
Buy 1/4 position at $53
Sell 1/4 position at $100
I will re-evaluate my opinion after I read The Street’s re-evaluation on the results of their ‘quantitative’ rating system. A full report is forthcoming. I will update when available.