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Volume Is Convincing

Posted by StockBuz on October 1, 2010 at 10:34pm
Alright we all know RIMM has been beaten bloody over past months however, witht the release of the Blackberry Torch and announcement of their e-reader, the Playbook, volumes have picked up decided and it it broke out of long falling downtrend indicating money is flowing back into [rather than out of] the stock.. Closing above its 50d, I now feel comfortable recommending a buy here with levels to take partials marked. Full disclosure I am long this name ;)

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Tags: long-ideas, rimm
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