In my most recent post I briefly outlined a plan to get more aggressive with my trading account. The process begun a few weeks ago with the sale of TransCanada Corporation (TRP) at what was then the 52 week high of $38.16. This stock had been range bound between $32. & $38. for a whole year. I was happy to sell my shares at the top of this range.
Now for part two of the plan. Identify an undervalued stock to add to my portfolio. Hopefully one with real potential for an upside surge.
Let the research begin. Not a day goes by, on BNN, without a caller asking the guest analyst for an opinion on Research In Motion (RIM). This, I learned, is because RIM is presently trading near the bottom of it's 52 week range. The 52 week low is $44.94 and the high is $94.00.
It seems RIM's troubles stem from the threat of the government of India and few others to shut them down unless they allow government access to their state of the art encryption so as to allow governments to 'listen in' for threats of terrorism. The Blackberry is supposedly the communicator of choice for terrorists and other criminals. We know politicians all use them. Coincidence? Most analysts believe that RIM will negotiate a reasonable settlement on the encryption issue long before being shut down. Additionally, there is a belief that the Blackberry is not as sexy as Apple's iPhone. I then learned that this issue is a North American phenomena. Apparently Blackberry is smart phone of choice for the 18 - 30 crowd in pretty much the rest of the world. North Americans love all things Apple.
Next stop Stockchase.com As I've mentioned before, this site capsulizes all the comments made on BNN by the various guest analysts. In addition to their comments, the share price on that date is listed.
Next I turned to the interactive charts of Yahoo! Finance. These charts allow customization by adding any number of technical indicators to the chart. By adding moving average indicators I learned that RIM shares were trading 15% below the 50, 24% below the 100 and 29% below the 200 moving average.
Last stop, the RIM website. A few highlights from RIM's first quarter financial report;
The short term direction for the RIM share price will be established later today with release of second quart results after the close. Will I be listening in on the web cast? You bet.
IMPORTANT REMINDER
Nothing on this site should ever be considered to be advice, research or a suggestion or invitation to buy or sell any securities. Every investor should do their own research and consult their own finance guy. See full DISCLAIMER.
Now for part two of the plan. Identify an undervalued stock to add to my portfolio. Hopefully one with real potential for an upside surge.
Let the research begin. Not a day goes by, on BNN, without a caller asking the guest analyst for an opinion on Research In Motion (RIM). This, I learned, is because RIM is presently trading near the bottom of it's 52 week range. The 52 week low is $44.94 and the high is $94.00.
It seems RIM's troubles stem from the threat of the government of India and few others to shut them down unless they allow government access to their state of the art encryption so as to allow governments to 'listen in' for threats of terrorism. The Blackberry is supposedly the communicator of choice for terrorists and other criminals. We know politicians all use them. Coincidence? Most analysts believe that RIM will negotiate a reasonable settlement on the encryption issue long before being shut down. Additionally, there is a belief that the Blackberry is not as sexy as Apple's iPhone. I then learned that this issue is a North American phenomena. Apparently Blackberry is smart phone of choice for the 18 - 30 crowd in pretty much the rest of the world. North Americans love all things Apple.
Next stop Stockchase.com As I've mentioned before, this site capsulizes all the comments made on BNN by the various guest analysts. In addition to their comments, the share price on that date is listed.
Next I turned to the interactive charts of Yahoo! Finance. These charts allow customization by adding any number of technical indicators to the chart. By adding moving average indicators I learned that RIM shares were trading 15% below the 50, 24% below the 100 and 29% below the 200 moving average.
Last stop, the RIM website. A few highlights from RIM's first quarter financial report;
- Revenue grew 24% over the same quarter last year to $4.24 Billion
- Earning per share increased 41% year over year to $1.38
- Blackberry shipments grew more than 43% over the same quarter last year to 11.2 Million.
- RIM shipped its 100th million Blackberry during the quarter.
- Subscriber base grew 60% over the period year to 46 Million with 4.9 Million accounts added in the quarter.
The short term direction for the RIM share price will be established later today with release of second quart results after the close. Will I be listening in on the web cast? You bet.
IMPORTANT REMINDER
Nothing on this site should ever be considered to be advice, research or a suggestion or invitation to buy or sell any securities. Every investor should do their own research and consult their own finance guy. See full DISCLAIMER.
