Adventures on the Stockmarket Part 2

In mid-Feb, I noticed that RIMM was falling fast. It had dropped from a peak of about $59 to $40 in less than a week. Still confident in the stock, I put more in the market this time, nearly $10,000, scooping up 250 shares for $39.64 a share. I was hoping it would get up to $50 again in a few months. Of course, like my last adventure, the stock continued to drop for a couple days. With each $1 worth $250 to me, (last time it was $100), it was a bit nervewracking watching it raise and fall like it did. I watched it dribble up and down for a couple weeks, and then last Thursday some magic happened.

The 4th Qtr revenue report was due and the stock had slowly crept up close to $50 in anticipation of the release, but I really wanted to wait for the report. I seriously considering selling at $50, that was a 125% return, but I held strong. The report was very favourable, and I was extremely lucky to see RIMM jump +$15 overnight. By the next morning it was a no brainer, I had a 150% return on my initial investment (a $5000 profit) and I sold it all.

As you can imagine I am thrilled by this. I realize I am very very lucky, and for now, I've withdrawn from the stock market.