This weekly chart of Research In Motion Ltd. (RIMM) reveals the big damage ; now what ;Heading for that old support level (40 to 50) ?
How come I do not place a support higher around 60 to 70 ??? That kind of damage usually does not find a quick support level ...... big funds will slowly and quietly keep on selling as soon as Research In Motion Ltd. (RIMM) bounces up a little
5 comments:
Good call.
Looks like the next leg down is around 60
http://stockcharts.com/def/servlet/SC.pnf?c=rimm,P
Oh my! If your observation is accurate, RIMM shareholders is going to hurt big.
This is just sad..
Fundamentally RIMM looks pretty cheap. PEG is just now below 1. Compared to AAPL 4. I would rather bet on RIMM. Especially when both faced more of less the same slide in gross margin.
vlada
Good call Vlada !
But demand is way higher in Apple.
Even from the business community.
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