Tag Archives: Research in Motion

Blast from the Past

13 Jul

Rule#1:  Warren Buffet never invests in the technology sector.  He likes simple companies that produces a steady growing revenue stream where he knows it will continue to flourish through bad and good times.

Technology is fast and ever changing the landscape of the world we live in.  No one wants an outdated device.  We’re always intrigue by gadgets that enhances our lifestyles.  We’ve come a long ways out of the Dotcom Bubble to where we are now.

A lot of Blackberry loyalist are switching over to touch screen smartphone devices for more added cool features that Blackberries can’t keep up anymore.  Thus the big collapse of the all mighty Research in Motion Limited.  Blackberries are becoming a thing of the past and will eventually be distant memory.

Trading at its 52 week low of $7.35 per share.  RIM is on its last breath of life.  I used to be a shareholder of RIM just over a year ago.  Can you imagine it trading at $50+ a share?  A sense of relieve washes over me.  Even though, I sold RIM at a loss for holding it for a month.  I walked away from a company that was spiralling on a disastrous path.  Good riddance.

Apr 6-May 3, 2011 RIM 200 10684.95 9195.05 ($1,489.90) -13.94%

2010 SOLD!

22 Jun

Questionable sells but nevertheless, I’ve made some moves this year.  Commissions are accounted for the total profit of $891.06

April 1, 2010
GQ 0.35-.15 @ 2500 shares = $490.01, gain of 130.66%

April 5, 2010
RIM 67.70-66.75 @ 100 shares = $55.02, gain of 0.8%

June 22, 2010
ALA.UN 18.75-16.50 @ 100 shares = $176.01, gain of 10.48%

June 23, 2010
WTE.UN 18.44-16.44 @ 100 shares = $170.02, gain of 10.34%

Encana- Natural Gas Play

21 Jun

Dissapointing results from Research in Motion lead to my ultimate decision to purchase Encana back in April 5, 2010.   I broke down after watching RIM from its high $77.00 falling to my buy in price of $67.00.  I hit the sell button, not wanting to lose my own capital.  Unrealized profits slip through my hands in a matter of days after the shortfall of the quarterly earning report.  Lesson learned.  If I had held on a few more days after I sold, I would have walked away with a few hundred.  But it’s not worth my time to fret and whine now.

My mentality of money sitting in my trading account is to BUY BUY BUY.  I always end up buying at its high.  With Encana, I bought it when it climbed 95 cents that very day.  I ended up buying at the end of the day.  Shortly after my purchase, the stock retreated below my buy in price.  This time, I bought half of ECA on margin and I was afraid of getting a margin call.  Luckily, it never came abouts.  After holding for a couple months, I’m at a profit of around $700. 

Here’s my dilemma, I don’t know when to let go of a stock when it’s climbing.  I keep on hoping it’ll still go up higher if I hold longer.  But many times, I’ve made bad decisions on not selling.  Yet, one time I did sell… that very same stock went on to climb another 200%.  Oh, the stock god does not love me at all.