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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM -- Ignore unavailable to you. Want to Upgrade?

To: Rampant who wrote (94)	6/10/1999 5:40:00 AM
From: SJS	Read Replies (2) \| Respond to of 989

Technically, you're way over the top. Look at RSI, MACD and Momentum. Look at the fact that this stock has gone "straight" up for about 3 weeks, effectively doubling it's price. By my "rules" I now recognize that I clearly got out too early, Ron got out at probably a good time, with a terrific gain. However, this is in the hands of the momentum crowd now, so you're comparable to an "inut", which behaves with it's own set of rules. I'd re-enter with a retracement into the mid-high teens. It probably won't get there. It now becomes a trading stock because there's a lot of downside risk, IMHO. Maybe I'm conservative by some standards, but 100% in 3-4 weeks is pretty nice work, and time for profit-taking. I only took a 17% profit, but a profit nonetheless. Regards.