Sunday, September 20, 2009

RIMM - Wait After the Earnings Report

RIMM - WAIT

"Do you think RIMM is strong buy before the earnings next week?"

I never suggest to buy any stock prior to earnings report, this is pure gambling, as there is no way to predict if the results will be better or worse than expected. It's better to wait and see how the market reacts after the report. If it's better than expected, the stock price will move up and should go even higher in the near future and vis versa. On a technical point of view, RIMM is at a critical resistance level at $85.00. If RIMM goes over $85.00, possibly after the earnings report if it's better than expected, and closing above this level, say $86.00, this would be a BUY signal. A break below $80.00, would be a SELL signal. Right now RIMM is a WAIT, awaiting to see if it will manage to break it's resistance level at $85.00.


2 comments:

  1. Hi Yoel, would u mind giving us an overview on how to locate support and resistance levels in general? This would be really great for us beginners if you don't mind, thanks so much for any help you can give.

    ReplyDelete
  2. I will try to post an overview, by the end of the week.

    ReplyDelete

DISCLAIMER

The analysis and information given on this site is for information purposes only. Trading in these strategies may result in capital loss. Individuals should do their own independent research or consult an investment advisor before taking investment action. All materials on this site, including the stock picks, are for news and entertainment purposes only and are provided on an "as is" basis and without warranties of any kind, either express or implied.

Under no circumstances will yoel stockpredictions.blogspot.com be liable for any special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if advised of the possibility of such damages including, but not limited to, negligence. In no event shall yoel-stockpredictions.blogspot.com have liability to you for any damages, and losses for accessing this site or using the information provided.Yoel-stockpredictions.blogspot.com does not guarantee that the information contained herein or distributed from this site will be uninterrupted or error-free, that defects will be corrected. Past Results are not necessarily indicative of future performance.

Yoel-stockpredictions.blogspot.com does not trade against you. Some sites are using the size of their visitors to 'move the market' and take advantage personally with their stock picks. This is illegal, and mostly applicable in smaller less liquid securities, which are not covered on this site. It is highly unlikely that the articles in this site about stock picks could ever move the market.

As a visitor to this site, you acknowledge and agree that any reliance on or use by you of any information available on this site shall be entirely at your own risk. In no event shall yoel-stockpredictions.blogspot.com be liable for any direct, indirect, consequential or exemplary damages arising from the use or the performance of this site, even if will yoel-stockpredictions.blogspot.com has advised of the possibility of such damages. Trading may not be suitable for all visitors of this site or the information provided by this service. The visitors assume the entire cost and risk of any trading they choose to undertake.