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Originally Posted by RunningFishy
Originally Posted by recycledpaper
hey guys, i have a question i'd like some insight on. i've been trying to read some stuff on the website but it's not really helping. hope i can get some insight from the ballers in this thread.
basically, a couple years ago i bought 70 shares of RIMM at $126 a share, hoping it would hit $160. from there, it went to $134 then dropped allll the way down to $35. i bought about 200 shares at $35 and sold the 200 shares at $65. now the stock is hovering around the high 60's.
basically, with all this smartphone competition and RIMM really lagging behind, is it safe for me to HOLD my initial 70 shares or just sell it right now and take the L?
i'm torn because on one hand, i believe that RIMM is a very smart company and can get things done to get back to the #1 spot in the smart phone market. on the other hand, i do have my doubts and i don't want them going the route motorola did and hit $10 a share.
advice?
What is your current position. What you did previously doesn't matter.
LVS or MGM?Originally Posted by freakydestroyer
LVS
At what price though?Originally Posted by recycledpaper
Originally Posted by RunningFishy
Originally Posted by recycledpaper
hey guys, i have a question i'd like some insight on. i've been trying to read some stuff on the website but it's not really helping. hope i can get some insight from the ballers in this thread.
basically, a couple years ago i bought 70 shares of RIMM at $126 a share, hoping it would hit $160. from there, it went to $134 then dropped allll the way down to $35. i bought about 200 shares at $35 and sold the 200 shares at $65. now the stock is hovering around the high 60's.
basically, with all this smartphone competition and RIMM really lagging behind, is it safe for me to HOLD my initial 70 shares or just sell it right now and take the L?
i'm torn because on one hand, i believe that RIMM is a very smart company and can get things done to get back to the #1 spot in the smart phone market. on the other hand, i do have my doubts and i don't want them going the route motorola did and hit $10 a share.
advice?
What is your current position. What you did previously doesn't matter.
sorry but i don't understand what you mean by my current position. i have 70 shares of it right now.
Originally Posted by freakydestroyer
LVS
Originally Posted by recycledpaper
hey guys, i have a question i'd like some insight on. i've been trying to read some stuff on the website but it's not really helping. hope i can get some insight from the ballers in this thread.
basically, a couple years ago i bought 70 shares of RIMM at $126 a share, hoping it would hit $160. from there, it went to $134 then dropped allll the way down to $35. i bought about 200 shares at $35 and sold the 200 shares at $65. now the stock is hovering around the high 60's.
basically, with all this smartphone competition and RIMM really lagging behind, is it safe for me to HOLD my initial 70 shares or just sell it right now and take the L?
i'm torn because on one hand, i believe that RIMM is a very smart company and can get things done to get back to the #1 spot in the smart phone market. on the other hand, i do have my doubts and i don't want them going the route motorola did and hit $10 a share.
advice?
Originally Posted by CjMoney
LVS guys, what made you get in when everyone thought the world was falling? Was it when Sheldon Adelson bought a bunch of stock around 3? I saw that but didn't have the liquid funds to get in on that SMH X 1000.
Reuters, Bloomberg, Yahoo Finance; no need to get fancy.Originally Posted by recycledpaper
thanks for all the help guys.
i don't need the money now or in the immediate future so i will hold. i believe the people running rim are pretty smart and will do fine with competition.
where do you guys go to read up on information regarding companies, their forecasts and earnings, stuff like that? i don't mind paying if it means getting good, detailed info.
i'd be patient and try to get it a little closer to the 50 day moving average (which is 2 bucks less but still get it on a dip).Originally Posted by teddy jam
chico/fishy/anyone else, can u do some basic tech analysis for a canadian stock
WTN.TO if u use stockcharts.com
just looking for an entry point..it's gone up quite a bit since feb and it's near the mid-high of the upper BB (it may be a bit hard to define a clear range,as it's been recently added to the TSX exchange, so there's been alot of vol that has driven this thing up)
smh i saw this at 3.00 as well
Originally Posted by teddy jam
chico/fishy/anyone else, can u do some basic tech analysis for a canadian stock
WTN.TO if u use stockcharts.com
just looking for an entry point..it's gone up quite a bit since feb and it's near the mid-high of the upper BB (it may be a bit hard to define a clear range,as it's been recently added to the TSX exchange, so there's been alot of vol that has driven this thing up)
smh i saw this at 3.00 as well
so when looking at the adx on this chart, the adx is at 59.5 which shows very strong trend (>40?). i'm not really sure about the verbiage but from what i've read on the macd, once the black crosses the red would be a signal to buy (i'm using stock charts.com). can you explain what you mean when you say "rollover and downtick on the histogram"? thanksOriginally Posted by LiLcHiCo4LiFe
Originally Posted by teddy jam
chico/fishy/anyone else, can u do some basic tech analysis for a canadian stock
WTN.TO if u use stockcharts.com
just looking for an entry point..it's gone up quite a bit since feb and it's near the mid-high of the upper BB (it may be a bit hard to define a clear range,as it's been recently added to the TSX exchange, so there's been alot of vol that has driven this thing up)
smh i saw this at 3.00 as well
When it busted through 3.20 resistance on high volume, that was your signal to get in. Now it is extremely overbought, but daily ADX says trend is strong. Daily MACD looks like it wants to rollover and downtick on the histogram. Wait till it finds support before getting in though. It has run into resistance on the weekly charts though near 6.45. Wait for confirmation.
All IMO.
Originally Posted by reigndrop
Reuters, Bloomberg, Yahoo Finance; no need to get fancy.Originally Posted by recycledpaper
thanks for all the help guys.
i don't need the money now or in the immediate future so i will hold. i believe the people running rim are pretty smart and will do fine with competition.
where do you guys go to read up on information regarding companies, their forecasts and earnings, stuff like that? i don't mind paying if it means getting good, detailed info.
Originally Posted by recycledpaper
Originally Posted by reigndrop
Reuters, Bloomberg, Yahoo Finance; no need to get fancy.Originally Posted by recycledpaper
thanks for all the help guys.
i don't need the money now or in the immediate future so i will hold. i believe the people running rim are pretty smart and will do fine with competition.
where do you guys go to read up on information regarding companies, their forecasts and earnings, stuff like that? i don't mind paying if it means getting good, detailed info.
are there particular things you look for when reading financial articles and reports?
i'm still not even familiar with some terms and acronyms. thanks for your advice.
Originally Posted by Blazinbama
so when looking at the adx on this chart, the adx is at 59.5 which shows very strong trend (>40?). i'm not really sure about the verbiage but from what i've read on the macd, once the black crosses the red would be a signal to buy (i'm using stock charts.com). can you explain what you mean when you say "rollover and downtick on the histogram"? thanksOriginally Posted by LiLcHiCo4LiFe
Originally Posted by teddy jam
chico/fishy/anyone else, can u do some basic tech analysis for a canadian stock
WTN.TO if u use stockcharts.com
just looking for an entry point..it's gone up quite a bit since feb and it's near the mid-high of the upper BB (it may be a bit hard to define a clear range,as it's been recently added to the TSX exchange, so there's been alot of vol that has driven this thing up)
smh i saw this at 3.00 as well
When it busted through 3.20 resistance on high volume, that was your signal to get in. Now it is extremely overbought, but daily ADX says trend is strong. Daily MACD looks like it wants to rollover and downtick on the histogram. Wait till it finds support before getting in though. It has run into resistance on the weekly charts though near 6.45. Wait for confirmation.
All IMO.