Research in Motion (RIMM) released earnings a couple weeks back and was slaughtered. The stock has been on a tear for a long time and I do not see the steam rolling out of this for some time.
This stock does not penetrate the 200-day moving average to the downside frequently, but when it has in the past, it has been a terrific time to buy it. RIMM broke through that threshold last week. It bounced off that level mid-week and ended the day Friday (7/11) at $109.79, which is below the 200-day moving average. You might want to put this one on your radar.
The smart phone industry is growing rapidly. In the past, the only people buying Blackberry phones were tech geeks and frequent business travelers. Now, it is becoming popular with the average cell phone user. The smart phone industry is becoming increasingly crowded but Research in Motion and Apple truly have a huge edge here. I think there is plenty of room for both of these giants to make big money on their smart phones. RIMM also has a couple new models coming out including the much talked about Bold. The future certainly looks to be bright for Research in Motion.