The market really skyrocketed today and I surely reaped the rewards of it. Just a few days ago I almost did a post about a 40% gain I have. Well, that 40% stock is now a whopping 60% stock. Obviously a big winner like this doesn’t come along everyday, but it sure does feel good when you finally own one!

What is even more interesting is should I buy some more or completely cash out. Well, if you read my post titled The lazy way to protect your stock gains, then you will know my strategy for exiting a particular holding. However, this particular stock had an incredible quarter and the downturn in the market seems to be turning back around into a bull market quicker than expected. So, should I buy more shares? I think I might. I probably won’t see another 60% run in it, but I wouldn’t be surprised to see another good 10%-15% in it, and that range is what I’m looking for in any holding, on average.

Oh, what stock am I talking about? Reasearch In Motion (RIMM). I bought it at 71.67 on July 9th and it is now at 113.37, which technically is 58.18%.

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