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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM

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To: Howard C. who wrote (370)	9/23/1999 9:52:00 AM
From: Claude Cormier	Read Replies (2) of 989

Usually bull runs, once they correct themselsves, retrace 38.2%. 50% or 62% of the advance. So look for RIM to reach at minimum $36.67, but more probably $30.65 and possibly $24.53. That is what TA says... From fundamental point of view, the company is great with excellent products, even if it is very much overvalued. The size of the correction will depends on the overall market correction. BTW, any idea on what the earnings will look like? This may be the only thing that has a chance to stop the correction here. As far as options are concerned.. I wouldn't be buying calls right now... but once this thing is over... you bet.

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