I sold the 300 shares of RIM from my wife’s RRSP today at $17.42. I had bought these on December 22 at $13.79, so there was a profit of $1089 less $20 in Commissions. I have always ran that account on a somewhat lower risk basis and I figured why not grab the quick profit. I also sold the options that I had on RIM for a profit. I kept the 300 RIM shares that I have in my own RRSP account. I did mention on December 17 that RIM might be a “real opportunity”. so maybe I should have really loaded up and then hung on. But I figured I would hedge my bets here, keep the 300 shares in my own account and sell the rest. It’s definitely a volatile stock, it will move up and down on rumor until we get some real news.
Today was a good day for our stock picks. Toll Brothers was up 4.8%. Bank of America which I don’t rate but which I have talked about a fair amount was up 4.9%. FirstService was up 4.4%.