I am surprised by the run-up on the Blackberry stock. The pop was much greater than I anticipated. This morning I created a stop at $7.49. The stock was currently trading around $7.60 and it was rising but I was already happy with the gains and I wanted to take some profits if it were to hit my new stop. When I came back from doing my errands, I checked the BBRY stock ticker and found it closed at $7.06. Click here for the current stock analysis on BBRY.
My stop had gone through and I had taken a profit of over $1 per share. I’m quite happy with my gains and I hope to get a better entry in the future. In the meantime, I’ll be looking at other stocks that provide me with another window of opportunity. Of course, Blackberry stock can continue to go up but if it hits my target I’m open to selling. Just remember the saying “buy low and sell high”, I felt I already hit the mark today. If it goes below $6.50, I might plan to do another purchase but I will have to see volume to the upside as well.
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