RIM

Research in Motion Ltd

Research in motion just keeps going and going. It has lost 87% of it’ former value. All the analysts and brokers that thought it was a buy  at $100 + are now in a decidedly nasty mood. This is what they mean by  buy when there is blood in the streets. The company is reporting tomorrow and my gut tells me this is a buy for at least 3 to 5 dollars. Unfortunately my EW analysis of a wedge did not work even if the stock kept hugging that line. Time simple ran out, but now may just be the right time for a quick trade.