Research In Motion playing catch up
Keep your powder dry and remember the best time to buy a stock is when it has established an uptrend. Anticipating a bottom could see you finding new lows with your money.
Keep your powder dry and remember the best time to buy a stock is when it has established an uptrend. Anticipating a bottom could see you finding new lows with your money.
When I look at a chart like this I have to admit that they are not my favorite. The stock isn’t going up, its trading below its 50 and 200 day moving averages and the uptrend is broken.
Knowledge is power in the captial markets so be prepared to struggle with new ideas and concepts until you have gained some mastery over the data. Investment research can become an all consuming passion, but make sure that it doesn’t lead to analysis paralysis.
I don’t see a return to the upside at this point with the MACD still heading lower. The next level of support looks to be on the 50 day moving average so natural gas needs to bounce off the $4.50 level.
I have said many times that the only senior who should be invested in stocks is Warren Buffet.