Friday, January 16, 2009

Research in Motion (RIM) @ $63.75

Ouch. Ok, so I knew it was going up, but not by this much and not this fast. I still have to get better at anticipating how fast things will rise (especially based on the nature of the stock and industry). Also, I was a little cautious given the market.

RIM stock has a PE of 16.56 which is where I think it should be. It is a strong growth stock that is fairly stable in its growth.

Rating: Hold

Trading spread:
Buy - $58
Sell - $75

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