By Karen Starich
The RIMM story may be the opposite of Apple. RIMM has more than doubled in price since October and has caught our attention. Pluto is conjoin Jupiter (institutional investors) in the incorporation chart and conjoin the Midheaven in the IPO chart. The combination suggests a new cycle has been set in motion that is fortunate and could launch the company to a higher status with lucrative foreign trade deals.
RIMM is expected to release it’s new BlackBerry 10 next month and has hopes to penetrate the emerging markets to drive revenue. Apple’s (AAPL) IOS and Google’s (GOOG) Android platforms are already highly competitive in every foreign market RIMM is hoping to gain market share in. I am very optimistic about RIMM’s ability to capture market share in those markets with the Pluto/Jupiter conjunction.
RIMM could also be selected as a provider in a large government contract in the near future. There are some challenging Mars transits beginning next week that could produce a pullback into December 28th where we could see an opportunity to setup a long position. Neptune will trine Mars in the IPO chart in February and suggests there could be increased profits and lucrative business deals. Watch for a trade alert near December 28th.
The following is an excerpt from the Dec 16th premium weekend update by Karen Starich. Karen uses astrology to forecast events in the financial markets and Jeff Pierce adds in the technical picture for the stocks in focus. Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars.