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Monday, January 21, 2013

RIM (+14.51%) Is now the time to buy?

Shares of the TSE RIM are up almost 15 percent today on news that it planes on licensing software-reuters. 1 day ago i wrote an article on my beraish view on rim, but said that if there was any major move in the stock price that you should be a buyer. RIM and blackberry 10 are finnaly gaining some momentum, and if this momentum continues i think we could see 20 dollars a share by the end of February. But of course if this fades away, we could see more down side. Although bb10 is still yet to launch, investors are already preparing for RIM'S return? Im still watching RIM, buying now could be a good opportunity to get in on strong momentum for the stock, or a chance for a fade and lose. Manage risk.

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