Oh man, say it isn't so! My cell phone rang this morning at 6:30 AM with a friend and fellow trader of mine screaming in the phone, "RIMM is going to do a $1 billion buy back! Should I buy this stock?"
Scott's a good guy. But Scott, like most traders, gets too excited from time to time.
So after cursing out Scott for waking me up, I put on my slippers and made my way through the dark house to my trading station.
What I found out really pisses me off.
Don't you dare buy this stock because of the $1.2 billion buy back. RIMM is panicking because their stock is in free fall. They are so panicked that they are taking good money away from operations in order to try and stop the blood loss and hemorrhaging in their stock.
Put another way, there is a good chance you will get murdered if you buy RIMM at its current level just because of the buy back.
In my latest video I perform technical analysis on RIMM, and give you some downside targets.
Oh man, say it isn't so! My cell phone rang this morning at 6:30 AM with a friend and fellow trader of mine screaming in the phone, "RIMM is going to do a $1 billion buy back! Should I buy this stock?"
Scott's a good guy. But Scott, like most traders, gets too excited from time to time.
So after cursing out Scott for waking me up, I put on my slippers and made my way through the dark house to my trading station.
What I found out really pisses me off.
Don't you dare buy this stock because of the $1.2 billion buy back. RIMM is panicking because their stock is in free fall. They are so panicked that they are taking good money away from operations in order to try and stop the blood loss and hemorrhaging in their stock.
Put another way, there is a good chance you will get murdered if you buy RIMM at its current level just because of the buy back.
In my latest video I perform technical analysis on RIMM, and give you some downside targets.
Oh man, say it isn't so! My cell phone rang this morning at 6:30 AM with a friend and fellow trader of mine screaming in the phone, "RIMM is going to do a $1 billion buy back! Should I buy this stock?"
Scott's a good guy. But Scott, like most traders, gets too excited from time to time.
So after cursing out Scott for waking me up, I put on my slippers and made my way through the dark house to my trading station.
What I found out really pisses me off.
Don't you dare buy this stock because of the $1.2 billion buy back. RIMM is panicking because their stock is in free fall. They are so panicked that they are taking good money away from operations in order to try and stop the blood loss and hemorrhaging in their stock.
Put another way, there is a good chance you will get murdered if you buy RIMM at its current level just because of the buy back.
In my latest video I perform technical analysis on RIMM, and give you some downside targets.
Stocks Above I Currently Hold In My Own Trading Account: Long LIFE
Guerilla Trader Quote
“The truth is that fundamental research is Institutional propaganda that is no better than the independence of the individual who does the research. Those with a vested interest will see what they want to see and not what they need to see. You can be more successful using technical analysis than you can reading Institutional propaganda. Fundamental analysis = what an Institutional firm is saying. Technical analysis = what an Institutional firm is actually buying or selling.”
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