[_dimi_]

TSX Short positions on 2013/01/15 have increased from 14,344,674 (2012/12/31) to 15,199,500 according to Bloomberg

[surreyjack71]

TSX Short positions on 2013/01/15 have increased from 14,344,674 (2012/12/31) to 15,199,500 according to Bloomberg

Are the people shorting Rim, ********? currently at 16.90 on the tsx.

[Munchito1976]

$16.95 now LOL. Looks like the Canucks are going to run this one up today while Big Bro is on vacation.

[mcmolineux]

I believe the last time the TSX was open when the Nasdaq was closed was on American Thanksgiving. It spiked on the TSX that day, but came down the following day when the Nasdaq reopened.

[Munchito1976]

^yep, I may be selling some today

[mcmolineux]

Haha, or maybe it has nothing to do with the Nasdaq being closed, and everyone is just really excited about the renaming of App World.

[aristoftw]

Just a heads up, but bid/ask is not too reliable in pre-market. Unless that share price actually prints, shares are exchanged, and there is significant volume behind it I wouldn't be TOO hopeful. Still, nice to see the possible gap up.

[BThunderW]

Pre-market is relatively low volume so the price is quite volatile. This is why trading Pre-Market and After-Market is very risky.

[surreyjack71]

will find out in about 10 min

[Munchito1976]

for sure, but it is usually a good indicator of where we are going today

[W Hoa]

Might have something to do with this?

Market Chatter: RIM Will Look Into Strategic Alliances With Others Once Blackberry 10 Launched; Shrs Rose 7% Friday

MidnightTrader


08:56 AM EST, 01/21/2013 (MidnightTrader) -- "Research in Motion (RIM.TO) will look into strategic alliances with other technology companies once it has launched its new BlackBerry 10 models, its chief executive told a German newspaper," Reuters reported.

It said: "Germany-born CEO Thorsten Heins told daily Die Welt in an interview published on Monday that the group's strategic review could lead to the sale of RIM's hardware production or the sale of licenses to its software, among other options."

[surreyjack71]

opened at 16.60

[aristoftw]

Might have something to do with this?

That would be my guess. We've seen big movements on previous license rumors (Samsung). However, this doesn't really change the fact that RIM's future depends on the successful launch and adoption of BB10. Nobody is going to license an OS that is not widely adopted.

Main difference between today and previous license rumors is that RIM is more in the spotlight now. Strategic review has been ongoing for some time now, but media is going to try and goose some stories, and funds are going to try and goose the share price for a quick profit since more eyes are on RIM now.

[mrfreetruth]

There are like no shares for sale. If it wasn't for fake selling the SP would be well above $20. They can not find sellers. $17 right now

[morlock_man]

$16.64 right now on the TSX.

Lots of movement. Looks like the stock can't decide if it's going up or down from this point.

Looks like now though.

[morlock_man]

It's going for $17!

(Hit $17.05 before dropping again. Only 94 cents away from a 52-week high.)

[new_me222]

Thank you for keeping us updated.

[morlock_man]

This is like the Thanksgiving Rally all over again.

[TheStoof]

This is like the Thanksgiving Rally all over again.

The question is: do I risk selling my shares before they give the keynote or after? It's possible US carriers won't release for two months. If so, stock WILL drop. Risky .

[new_me222]

I think I am going to sell after.

I have a feeling that Thorsten has some secret announcements that will make the stock pop again.

[morlock_man]

It could drop after the keynote, but it might surge first and when the drop happens it'll be at a much higher level.

You could sell at $17, expecting the stock to drop to $15... but with the short interest it could surge to $25 before dropping back to $20.

I'm staying long and not selling for a few years. Timing the market is a mug's game.

[TomJasper]

[drummer_god]

i've had no success timing the market.
instead of thinking about the $6 grand i'm up, i think of the $6 grand i missed by mis-timing the market.

[morlock_man]

I'd like to see the stock hit $18.30 before the launch.

Not only would it have blown past it's 52 week high, it would have also tripled off it's low on the TSX in less than 5 months.

[bk1022]

Might have something to do with this?

...

Market Chatter: RIM Will Look Into Strategic Alliances With Others Once Blackberry 10 Launched; Shrs Rose 7% Friday

MidnightTrader


08:56 AM EST, 01/21/2013 (MidnightTrader) -- "Research in Motion (RIM.TO) will look into strategic alliances with other technology companies once it has launched its new BlackBerry 10 models, its chief executive told a German newspaper," Reuters reported.

It said: "Germany-born CEO Thorsten Heins told daily Die Welt in an interview published on Monday that the group's strategic review could lead to the sale of RIM's hardware production or the sale of licenses to its software, among other options."

It's the "among other options" that peaked my interest. Sounds like if they can't find licensees, then they will examine reorg options. Analysts have pegged a price for RIM -- which I am not going to state here -- should it "unlock shareholder value" via reorg . If the stock were to trade in the reorg range for some time, it could indicate a reorg, which would make me sad.