Strange days and strange weeksMake for very interesting trading days.
This week realy begind Wednesday. Throw a way your date books, the first day of this week in tomorrow. We are being treated TREATED to a pre-view of things to come yesterday and today.
With the 8% gain on the NAZ yesterday RIM should end the day with a simillar gain today $72.00 for closing. If we close in low $71.00 or even lower, Wednesday does not look good for us. If however, we finish above $72.00 breaking a way from the benchmark that the Naz gave us Monday then IMHO, we are in for a small but decent POP! Perhaps testing again the $60.00 US mark we saw a short time a go.
Volume will be the key, and do I see a pull back on profit taking on the way up ABSOLUTELY. This stock has the inherant ability to gain $10.00+ in one day and give it back the very next. There are times though when the $10.00 gain one day turns into an even better gain the next and so on. I doubt we will see that kind of action again for a long time.
Watch our close CLOSLEY today. If it is $71.00 or less be preparred. If we close near $72.00 a good day was had by all an other 8% up the ladder we go. If it's above $72.00 at close then hang on to your sock Walter the ride may turn out very nice.
Steve