I got back into Blackberry a couple days ago. I was supposed to set it a buy stop around $9.15 but I accidentally left it as a buy limit and I ended up buying it around $8.90. Luckily, it has been working well. Blackberry has a big contract with the US Government and the stock continues to proceed up. I expect to continue to hold in the short-term until I see some type of topping formation. It has been very strong and I plan to continue to hold into the strength.
Another stock I like is Sprint (S). It has hit a bottom at the $9.00 level and it looks like it will now make a move upward. I would set a stop around $8.88 in case it does plan to go down further. I’m setting a really tight stop because I am assuming I am correct that it is time for the stock to move up.
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