Good analysis, but the fact is that Technical ANALYSIS completely failed.
While fundamentals told you a million times over they will beat earnings, and they did.
Did you hear the news? RIMM beat the high estimate on earnings, technical analysis is useless without true fundamentals.
you couldve held or bought up at a 100 or less. While people like YOU sold off because of your CHARTS, the brokers and smart money bought up at 98, 100 per share and sold at 120.
It appears you are emotionally attached to this company. You may be surprised to know that I'm a skilled fundamentalist along with being a technical analyst. Fundamentals do not and cannot deliver any kind of "earning" predictions. Most traders know to NEVER hold over earnings. Companies like RIMM's earnings sucker in the "gamblers" only to rape them later when they hold over earnings again. I would suggest that you get your skills/abilities tuned a little more before talking.
Nice video man. I just wanted to ask you what kind of software you use for your technical analysis. Keep up the good work.
xylometazoline 4 years ago
Thanks...I use eSignal...Great stuff.
d7
ds3v3n 4 years ago
Good analysis, but the fact is that Technical ANALYSIS completely failed.
While fundamentals told you a million times over they will beat earnings, and they did.
Did you hear the news? RIMM beat the high estimate on earnings, technical analysis is useless without true fundamentals.
you couldve held or bought up at a 100 or less. While people like YOU sold off because of your CHARTS, the brokers and smart money bought up at 98, 100 per share and sold at 120.
HAPPY TRADING!
Shittalker21 4 years ago
It appears you are emotionally attached to this company. You may be surprised to know that I'm a skilled fundamentalist along with being a technical analyst. Fundamentals do not and cannot deliver any kind of "earning" predictions. Most traders know to NEVER hold over earnings. Companies like RIMM's earnings sucker in the "gamblers" only to rape them later when they hold over earnings again. I would suggest that you get your skills/abilities tuned a little more before talking.
d7
ds3v3n 4 years ago
great analysis! thanx!
popeeka 4 years ago