View Poll Results: Did you buy shares ?
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- 12-15-12, 08:12 PM #1201
Remember you can make a lot of money if you simply play the stock. I often sell my position entirely during the morning spike and then buy again when it corrects. RIM stock has been pretty wild with easy 5-8% variances during the day. Even though I'm playing with only 10K shares, I've made a lot more coin than if I had simply left the stock there to grow.
- 12-16-12, 09:36 AM #1203
Re: I support RIM and I buy shares !
- 12-16-12, 09:43 AM #1204
- 12-16-12, 10:58 AM #1206
removal from NAZ100 explains alot of buying recent
the etf's and future contracts that hold rimm short as part of their qqq shorts or bear funds will now have to liquidate their shorts.... i think there will be a huge rally on rimm next week, its going to be amazing.
- 12-16-12, 11:36 AM #1207
I trade online via Web Banking. I have several trading accounts with TD (Personal and Business trading) and RBC (TFSA and Personal). I like TD because of the amount of information available on their site, great when doing due diligence on new stocks. I use StockWatch for my realtime feeds and SEDAR alerts. I do all trading by hand.
I'm also very active on StockTwits as it's a great feed of latest info. Also follow CNN Money, BNN, Reuters and even CNBC for hints on market direction.
I'm not a full time trader, actually a software developer. But being self employed allows me to keep a good eye on the market at all times.
- 12-17-12, 06:53 AM #1210
Another negative story from the Globe & Mail. This guy Marlow just can't find anything good in RIM.
As RIM prepares for earnings, low expectations are in its favour
The Globe and Mail
Published Sunday, Dec. 16 2012, 7:00 PM EST
Last updated Monday, Dec. 17 2012, 6:23 AM EST
Research In Motion Ltd. has had an incredible run over the past couple of months, its shares doubling on hype surrounding its upcoming BlackBerry 10 phones after reaching brutal lows in September.
Numerous analysts upgrades have boosted RIM’s withered stock from around $6 to about $13. Though still a long way from highs near $150 a few years ago, the company’s shares has benefited from a surge of momentum and positive publicity since the Waterloo, Ont.-based company’s executives started showing off the sleek, touchscreen BlackBerry before its global launch party on Jan. 30, 2013.
But this week RIM will not be unveiling a shiny, new gadget: The company will be reporting its fiscal third-quarter numbers – and it’s not going to be pretty.
After markets close on Dec. 20, investors and RIM boosters will be reminded that the company is still in serious trouble: Market share continues to collapse in key markets and its rivals, from Apple Inc. to Samsung Electronics Co., are going to keep pushing out devices that have made people abandon their BlackBerrys in droves over the past few years – driving the former industry leader’s share of the U.S. smarpthone market to less than 2 per cent, according to one report.
The one thing working in RIM’s favour right now is low expectations: After years of big profits, shares reacted positively when it reported its second quarter back in September, after posting a narrower loss than expected. The smartphone maker stopped issuing guidance as its competitive position worsened, but analysts expect much of the same: Lower sales, lower revenues, lower profit and lower margins.
“I would be shocked if the numbers were higher,” says Richard Tse, an analyst with Cormark Securities Inc. who has a “buy” rating on RIM. “I don’t think (this) is going to be rosy. If it turns out to be, the stock will rip.”
Analysts will be looking at two key numbers when RIM reports on Thursday.
The first will be RIM’s cash pile: if it has continued to grow, if it has held steady, or if it has begun to burn as fundamentals deteriorate further. The last time RIM reported, it had about $2.3-billion, and Mr. Tse says the firm will need about $2-billion to continue operations as it stickhandles a global product launch in early 2013.
The second is RIM’s subscriber count, which used to grow by millions each time RIM reported, but has slowed dramatically over the past few quarters. In the last quarter, RIM surprised analysts by not losing any subscribers and pushing the total number slightly above 80 million, but there are similar fears for this quarter – that RIM’s user base will start shrinking as sales dry up ahead of a new device launch.
“I think investors should keep [third-quarter] expectations in check,” says Tom Astle of Byrom Capital Market. “The company is in a tough situation.”
There will also be interest in whether RIM’s high-margin service revenue, which the company receives from carriers, has continued to decline. This lucrative source of revenue, which some observers estimate to be as high as 95 per cent margin since it comes from RIM’s existing network infrastructure, has been dwindling as RIM lost its “must-have” status with carriers and the consequent ability to exert pressure in negotiations.
Regardless of the weakening fundamentals, analysts are prepared for the grim news, and many are recommending RIM shares ahead of the BlackBerry 10 launch – particularly because some of the 80-million existing users will want to upgrade. It’s unclear, however, how many analysts are contemplating RIM as a long term play, given the slim chances that BlackBerrys will win back share from the industry’s giants.
- 12-17-12, 09:37 AM #1214
- 12-17-12, 10:01 AM #1215
I'd love to sell high, buy low. But I am afraid that these swings are unpredictable. So, I am just sitting on my original purchase when shares were trading at $7.70. If I had done what BThunderW is doing (day-traded at peak, bought at valley every day), I'd have a lot many more shares now but I am just sitting tight.
- 12-17-12, 10:22 AM #1216
It's a little predictable. For example today is a profit taking day. Looking at the charts, there's a major selloff going on. There's a lot of resistance but you'll see a decent drop today and probably rest of the week as people are locking in their profit before ER. If you KNOW that in long term the stock will recover, you simply look for where you're comfortable to enter/exit and play it. I've made bad calls few times where the stock didn't reverse trend as I expected, I lost a "potential" amount of money because I bought back into the stock higher than originally sold it for. But in the end the stock still soared.
Lastly, don't "play" the stock if you can't afford to lose some money. Treat RIM as a long term investment, don't sweat the daily/weekly price swings.
- 12-17-12, 10:49 AM #1218
Whether you treat RIM as a long- or short-term investment is secondary to treating it as speculative (aka MAD MONEY.). A stock with this level of volatility should be considered as having the potential of going to any price including zero -- especially during earnings announcements or shareholder meetings.
If subscriber numbers have decreased, expect signifiiant volatility against you, no matter which direction you are positioned.
Add to this I do not believe current perfs - provided they are bad - will really impact the stock; investors are looking for BB10.
At the opposite, if they are good ...
Only point that could beat the stock : cash evaporation. Rumors state it isn't.
- 12-17-12, 11:09 AM #1222
The title of this thread is "I support RIM and I buy shares", not "I'm an experienced day-trader and so are we all." If everyone who supported RIM ended up buying shares at $100, $90, $80, $70, $60, $50, and so on, they'd all be broke. RIM is due to have an announcement shortly, are you going to indemnify people if it moves down to $10 and everyone panics and then it recovers to its current price? There are techies here who think that RIM is perfect and can do no wrong and will buy RIM based purely on what people here are saying. This thread is out of control.
- 12-17-12, 11:16 AM #1224
I encourage everyone to check my post history. I am blatantly honest and quite frankly my posts get plenty of likes. So eat it.
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