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RIMM – Investor Psychology

Posted by nexvucapital on January 30, 2013

The last few months of trading in RIMM (now Blackberry – if you can’t beat Apple at least join them in the fruit bowl) have demonstrated the textbook operation of short-term psychology in the market. The build-up in anticipation prior to the launch of the Blackberry 10 reached a crescendo as we drew closer to the date (buy on rumour) and then in the last few days we have selling – including today’s launch-day sell off (sell on news). The sell off has taken the share price to support at the top of Wave #1 and we suspect the Wave #4 correction may be completed soon before the final Wave #5 impulse move upward. Full disclosure we own Blackberries (the phones).

RIMM Weekly - January 30 2013

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