Thursday, April 03, 2008

Getting Jiggy With It (RIMM)

Research in Motion, maker of the Blackberry, pleased wall street with earnings yet again today and the stock is approaching the all time high at $137. There is absolutely nothing bad to say about this weekly chart. RIMM has been running since mid 2006 when it was in the low 20's (pre-split). After forming a deep base the stock looks poised to do what it did when it broke $30 and $50 for the first time (go up alot more). IBD will be all over this stock so watch for a violent move to the upside soon. Na na na na na na naaa naaaaa.... RIMM's gettin jiggy with it...

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