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.
At this point I would say that you need GIB.A to build a base and consolidate before taking up a position. If you are already invested you might want to think about taking some profits.
I think that it is pretty clear that you have to find entry and exit points if you are going to get on this ride.
If ZL can breakthrough $1.95 convincingly it will have an easy run to $2.50 where it will meet much stronger resistance.
Its never a great idea to chase a stock that has chewed up your capital. Leave your position where it is and look for another opportunity to profit.
Clearly the market is reacting as it should to BCE’s performance by avoiding the temptation to buy the runt of the litter.
At this point you are best to trade the range until WIN breaks through the resistance at $3.10 and returns to an uptrend.