Monday, November 19, 2007

Wild ride for RIMM

Entered a short-term position in RIMM at 108.70. Not the best entry point, and it came after the stock ran from below 104.65 to 109.74 after 2 pm Eastern time. Had my chance to sell at 109.69, but I got too optimistic instead of setting a stop loss to collect a small profit or break even. Quite a roller-coaster ride after that, and the stock sank to 106.27 in the final half hour before rallying to 108.02 at the close.

Considering the market was down (Nasdaq -43, -1.66%; DJ -218, -1.66%), my long-term shares in RIMM did fine by finishing in the green.

Apple was negative, down more than $2 to 164.05 at the close. AAPL actually hit a low of 162.10 intra-day. Nintendo was also down significantly today. Last bid was below 66.

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