"RIMM" Buy?, Sell?, Hold?

Question

Yesterday it went up from 116 to 121. Long term (next three months) I think this stock is pretty solid. But what about the short term? Buy Sell Hold? And why?

Answer 1

Zacks average brokerage recommendation is Moderate Buy.

Answer 2

I'm a little cautious about this company's future earnings. Current pricing has a LOT of positive growth built into it, which RIMM might not be able to deliver. If I owned this stock right now (which I don't) I'd probably put in a very tight stop-loss order rather than sell it outright. If the price rises significantly, you might raise the stop-loss price accordingly. On the other hand, if the price drops, you will recognize a profit and very likely have the opportunity to buy back in at a later time and a cheaper price.

Hold (with stop-loss order ~$119)

Answer 3

Buy

Stop lost 115