RIMM’s …Big Bet! | Stock Market News & Stocks to Watch from StraightStocks

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RIMM’s …Big Bet!

Source: http://club.ino.com:80/trading/2009/11/rimms-big-bet/
Posted on Friday, November 6th, 2009 | In Investing Lessons, Trading Lessons

Contributed by: Trading School (http://ino.com) -

“Research In Motion Ltd. (RIMM) will spend up to $1.2 billion to buy back about 21 million of its shares, or 3.6% of its total shares outstanding. The buyback will start Nov. 9 and last for up to one year.”

That was the headline news today on Research in Motion symbol RIMM so I decided to look at the chart to see what was going on in the “real world”. When I got to the chart, one thing immediately jumped out at me and that was the negative action that this market has shown in the past several weeks. Looking at this market a little closer I was able to see that our “Trade Triangle” technology was 100% negative and that our monthly “Trade Triangle” indicator had turned negative on October 28th at $63.38. This is a major negative in my mind for this market.

In this short video I show you exactly what we expect to see for RIMM in the future. I also share with you some downside targets that we are looking at which may surprise you.

You may have watched my earlier videos on RIMM versus Apple. If you missed it, you can watch that video here.

As always our videos are free to watch and there is no need to register. I hope you enjoy the video and comment about it on our blog.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

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Tags for this Post:
Adam, Adam Hewison, ino.com, Investing Lessons, marketclub, president, Research In Motion Ltd, Research-In-Motion, Trading Lessons, trading school, USD

About Trading School (http://ino.com)

It's your own personal trading university where you set the curriculum with some of the most well known professional traders in the world. These audio (MP3) seminars and PDF workbooks will have you following along with trading greats like Linda Raschke, Mark Cook and Chuck LeBeau, just to name a few. The 35 seminars in Trade School cover an array of topics including foreign exchange, futures, day trading, money management, stocks, psychology, indexes, options, and more. You can quickly learn from the professionals in Trade School, while saving thousands of dollars in seminar costs!

In addition to the 35 Trade School seminars we have online, we also have 26 training videos that show you how to get the most our of the market and MarketClub. Adam Hewison, our president created these special flash videos for MarketClub members. Judging from the feedback we have received from our members, it's a feature that is heavily used and well liked. he world. These audio (MP3) seminars and PDF workbooks will have you following along with trading greats like Linda Raschke, Mark Cook and Chuck LeBeau, just to name a few. The 35 seminars in Trade School cover an array of topics including foreign exchange, futures, day trading, money management, stocks, psychology, indexes, options, and more. You can quickly learn from the professionals in Trade School, while saving thousands of dollars in seminar costs!

It's all included in your MarketClub Membership

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