Nexvu Capital

Nexvu on Economics, Politics and the Markets

  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 932 other followers

  • Nexvu on Twitter

  • Previous Posts

  • Advertisements

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


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: