Thursday, January 18, 2007
It was a nice ride, but Research in Motion Ltd. (TSX:RIM,NASDAQ:RIMM) has hit the Stock Trends Portfolio sell trigger, closing below its stop loss ($150.41 stop). Volatility this week has taken the fun out of this holding. Closing today at $142.67, investors are concerned about the shifting landscape for the company as Apple Inc. (NASDAQ:AAPL) bids for a consumer telecommunications presence. Word of falling Blackberry prices tip squeezed margins going forward. Whatever the case, stock price volatility and diminishing price momentum has served up the exit door for RIM. The stock holding had its beginnings on September 21 at $97.50, so the return has been satisfactory.