View Poll Results: Did you buy shares ?
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- CrackBerry Genius
01-08-13, 09:46 AM #1554
- 2,226 Posts
- 01-08-13, 09:52 AM #1555
Right now there's a lot of resistance around $12. Most small moves will get pushed back down pretty easily. A big mover would have to come in and push this above roughly $12.40 or so for it to pop. Typical traders do not have the volume available to accomplish this.
- CrackBerry Abuser
01-08-13, 10:19 AM #1559
- 189 Posts
Well, etrade has an app that i used to use, they just never updated it. so I can't use it on my 9900, and to throw salt in a wound, I work in ag, so when you are on a tractor don't expect to be carrying a laptop. In my case my 9900 fits the bill. If I understand correctly Bthunderw, i download the stockwatch app and sign up and i should be good to go.
I don't short and especially not on RIM because I believe they are solid. Hardware looks good, software looks good, they are signing many new apps, now if they can get reps out there to kick away the negative sentiment from the uneducated sales reps we will be in to make some good money imo, also if they do a big advertising campaign. I just hope its not as big as a samsung and requires a kickstand, that will suck for me to put that in my pocket for my line of work.
I will buy when i see a dip then sell when it goes up. I was buying and selling in the $13 dollar range when i got the pinch, I bought at 14 and didn't put an auto sell in after it or i would have made some on its way into 15 which lasted like a minute. I sometimes trade after and pre hours as well. I started playing rim a day late because i I started when it was in the 13. stupid wiring transfer delay time or i would have been in at $11.
- 01-08-13, 02:50 PM #1562
Agreed, sort of. You're not going to see a significant upward price move because of the announcements. In fact, you'll probably see a significant drop either just prior to 30th or right after.
I'll probably sell half my position just before 30th and see what happens.
I do not think we'll see anything north of $30 this year, but you never know.
- CrackBerry Genius
01-08-13, 03:34 PM #1563
- 1,531 Posts
- 01-08-13, 03:45 PM #1564
So, $12 -> $25 -> $50 -> $100 all in 2013 is not unthinkable. But what do I know? I am a newbie!
- 01-08-13, 03:49 PM #1565
RIM price has nothing to do with how awesome their product is, it's how much money it's making. From now till launch price is driven 100% by speculation, also known as "hopium". What it also does is set unrealistic expectations from RIM that RIM can not possibly meet.
In the end, the only thing that will matter is how many of these phones RIM will sell, and how much profit it's going to bring RIM both short and long term. Everything else is irrelevant.
- CrackBerry Abuser
01-08-13, 07:46 PM #1566
- 318 Posts
- 01-08-13, 07:57 PM #1567
It's all about price movement prior to launch, if the RIM price is driven too far upwards prior to launch, it'll correct. I expect the same thing to happen as the last few days before last ER and the big drop on the evening of. As the old saying goes "Buy on the Rumor, Sell on the News". If the price is high, people WILL profit take for sure, the extent of it though is anyones guess.
Remember, it's always better to be pleasantly surprised than grossly disappointed. Set your expectations low.
Last edited by BThunderW; 01-08-13 at 09:16 PM.
[Technically, I might write something stupid]
I must say I'm pretty impressed to see how stable the stock is until now. Waving around (most likely under) $12, with some very short up/down (short coverage/put, testing ?), then back to the horizon curve. Alike sales (being too big at launch), I believe an exaggerated raise could result in problems later. Little by little recovery would be my method of choice (synonym of strength / solid).
This was yesterday
01-09-13, 01:16 PM #1570
- 870 Posts
I can not wait to see the short numbers now...I bet they have increased yet again. It's the only way to create FAKE selling. Imagine selling something you don't own? You would be arrested but on Fraud Street it's considered legal. It's to bad you can not get up to the min short interests.
- CrackBerry Genius
01-09-13, 01:20 PM #1571
- 2,383 Posts
You can clearly see that the stock has risen from the lows of September to where it is today, following a trendline. We are right back down to this trendline and everytime we hit this line, we go back up! This is computer driven trading and occurs when there is no news. The stock is trying to get above certain benchmarks, in this case, the 13-dma line and the stronger $ 12.18/shr horz. line. We open each day in Pre-market with the stock seeing if today is the day we breakout and start a new bull run. We try to open higher in the first hour, fail at resistance and drop back to support. For us, heavy support is at the uptrend line and that is where you step in and buy the stock, just like the computer models do. I just bought 10,000 more shares of the stock betting that the uptrend line will not only hold, but also that the stock will take another run at $ 12.18/shr very soon. I also believe that the trend is up from here and that the 13-day moving average will fall and we will go higher. I also believe that we are about to go on a very nice rally here and hit $ 16.00 by the end of this month. Today the volume is really weak, the selling is weak, the buyers are adsent at the moment but we should hold the lows of around $ 11.52/shr and move higher. Forget the moment on no news and ask yourself where would money want to buy this play? You buy on the uptrend line as a good first start. Let's see how it closes today.
- CrackBerry User
01-09-13, 01:34 PM #1572
- 62 Posts
Why does RIMM continue to decline?
Idea floating around with the big institutional investors is that RIM's product will be delayed (supply chain issues) and that RIM will need to RAISE CAPITAL.
The thesis worries me...I could see Thorsten saying "See, we distributed a lot of volume by March 30 (which is bad, b/c it should be no later than 15 days post launch) and we will need to raise capital to build out more devices for people cause the demand is so strong."
From what we have seen to date, Thorsten would not pull this - that is the type of bs Mike and Jim would deliver.
The reason's I don't believe the "short thesis" is two fold: 1) If RIM needed to, they would have sold the new phones in 2012. This suggests they were always 'very close' to done; 2) When they chose to delay the launch, they would have had to factor in their cash position. I would like to think they knew they had enough cash to pay for this without a capital raise.
I continue to remain long and do not find the short thesis consistent with what we know...that being said, you never know with RIM's management.
By the way, their Investor Relations Department is awful.
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