RIMM’s Big Buyback Bet

“Research In Motion Ltd. (RIMM) will spend up to $1.2 billion to buy back about 21 million of its shares, or 3.6% of its total shares outstanding. The buyback will start Nov. 9 and last for up to one year.”

That was the headline news today on Research in Motion symbol RIMM so I decided to look at the chart to see what was going on in the “real world”. When I got to the chart, one thing immediately jumped out at me and that was the negative action that this market has shown in the past several weeks. Looking at this market a little closer I was able to see that our “Trade Triangle” technology was 100% negative and that our monthly “Trade Triangle” indicator had turned negative on October 28th at $63.38. This is a major negative in my mind for this market.

In this short video we show you exactly what we expect to see for RIMM in the future. We'll also share with you some downside targets that we are looking at which may surprise you.

Just click here to watch the video and as always our videos are free to watch and there is no need to register. We hope you enjoy the video and please feel free to leave a comment.

New Video "Apple vs. RIMM, The Battle Of The Titans"

It is the battle of the tech titans as both RIMM and Apple battle for the smartphone market share. Although Research In Motion is a well established tech giant as the creator of the BlackBerry, they may have hit a wall with Apple, Inc.’s launch of the phenomenally popular iPhone.

This tech battle may create a way to trade these markets with a lower risk. During this latest rally, RIMM did not perform well, nor were the changes in price as exuberant as the shares for AAPL.

We are looking for the general market to show weakness through the next week… with that said, we expect to see RIMM slide faster than AAPL. It may be conservative trading strategy to buy Apple and short Research In Motion. Take an equal amount of money for each market and buy a corresponding number of shares to balance the positions and decrease risk.

This is what we call “pair trading.” You’re looking for the percentage change in the market between RIMM and Apple to move in Apple’s favor no matter which direction APPL or RIMM head.

In our new short video, you will learn why I came up with this strategy and why it may offer a low-risk trade in the current market environment.


As always, the videos are free to watch and there is no requirement for registration.


Where do you think Apple and RIMM are header, or the NASDAQ as an index? Please feel free to leave a comment!


Today’s Stock Market Club Trading Triangles



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