For those of you not familiar with our Conviction Buy recommendation on RIMM – click here for the piece – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v4_generic
Against a weak market it is interesting to see Rimm open again with early strength. This type of price actions is generally indicative of determined accumulation…
The chart below shows the volume in the stock over the past 10 days. Watch out for a break of $14.50-70 and a close over this level on good volume over the next few days to indicate that perhaps corporate activity is back on the agenda. Very comfortable being long here…