Monday, October 15, 2007

Research in Motion defies gravity

Research in Motion has been in uncharted waters since blowing out earnings and raising guidance a couple of weeks ago. Today's pullback to 109.71 means RIMM is on the cusp of its 10-day SMA (109.11). Like Amazon, Apple, Crocs and Garmin, RIMM is just another A grade stock worth waiting for.

Pupule says: Wait. The stock is in frothy waters here since that huge gap up after earnings.

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