ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Research In Motion (RIMM) will change into BlackBerry (BBRY) on Monday, February 4, 2013. It is a change in name that is likely long overdue. I thought I would celebrate by writing a quick chart review that is also long overdue. I have not written about RIMM, uh BBRY, for almost a year. At the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 29, 2012. Click here to read the entire piece.) {snip} This is the change in “guidance practices” and outlook that beleaguered mobile company Research In Motion (RIMM) announced in its latest earnings report today. It has all the trappings of … Read more
The current extended overbought period has produced many amazing chart patterns. In this chart review, I am highlighting some charts I find particularly interesting and compelling. There are impressive recoveries, stocks dancing with critical resistance, and emerging breakouts. Some charts are quite telling in that they completely contradict the presumed economic disaster from an imminent … Read more
This is an excerpt from an article I originally published on Seeking Alpha on December 16, 2011. Click here to read the entire piece.) Research In Motion (RIMM) has dropped to prices last seen in 2004, yet management has not yet seen fit to buy a single share under its latest stock repurchase authorization. According … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) {snip} Tonight, RIMM disappointed traders and investors once again with its latest earnings report. This time, it was not an outright miss on overall earnings or revenue guidance. {snip} Alas, RIMM built up enough expectations … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Research In Motion (RIMM) will report earnings Friday, September 15. As usual, I will be most interested in finding out how aggressively RIMM has executed on its latest stock repurchase authorization that began in July.The … Read more
The trading playbook for Research In Motion’s share buyback is finally unfolding. Last week, Research In Motion (RIMM) broke out, nudging itself over the rapidly declining 50-day moving average (DMA). Today, RIMM finally closed above $30 and punched into June’s post-earnings gap down. *Chart created using TeleChart The September 30/35 call spread I recommended last … Read more
Finally, Research In Motion (RIMM) is performing better than the general market. For the last two weeks, RIMM has trended upward relative to the QQQ (PowerShares QQQTrust for big-cap technology stocks). This has not happened all year. More importantly, the stock has finally jumped above the 50-day moving average (DMA). Granted, such a breakout has … Read more
(Click here for archived articles on RIMM) Research in Motion (RIMM) has been able to buy back its shares under the current repurchase authority since July 11. The stock opened up that day and proceeded to close down 3.2%. The stock has drifted down 16.6% since then. During this time, I identified a technical pattern … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The management at Research In Motion (RIMM) disappointed this past week as it appears they failed to launch the long-awaited buyback. Who can blame them? It was a week of dour headlines filled with yet … Read more