Friday, December 5, 2008

For GT Blog December 05, 2008

There is a slow and growing trend for risk capital returning to equities - Bids return to Research In Motion following the maker of the BlackBerry's call on Tuesday night to cut its quarterly profit estimate as sales slow, margins narrow and a stronger U.S. dollar compresses revenue.

RIM is has over the past few days began to out perform its peer ETF SPDR Technology (XLK) with higher prices in spite of bearish fundamentals - a classic bottom scenario

RIM in US$

No comments: