Thursday 16 April 2009

RIM hits 81

I thought it might take a few weeks, but RIM hit 81.23 at the time of this posting. Not sure where it is going, but a sell off may still happen. I'm still in my position, because my long-term goal for this deal is 140-160, but even if that happens, I may need to wait until the second half of 2009. Also, if you trade EUR/USD, pay attention to the 1.3120/1.3235 zone as a clear break in either direction could signal an accelerated move either to the topside or downside.