[BBNation]

keep in mind that market always thinks ahead so it will get closer to $10 before Dec. My guess is that it will drop t $4-6 within next 2 months and then it will start going up as BB10 get closer to launch ( Nov-dec )
Let see how my prediction does.

[docgasberry]

keep in mind that market always thinks ahead so it will get closer to $10 before Dec. My guess is that it will drop t $4-6 within next 2 months and then it will start going up as BB10 get closer to launch ( Nov-dec )
Let see how my prediction does.

Yupe .... this is the burn phase ....where RIMM starts burning into its cash piles.

Then it'll be whether BB10 takes off. Or not. This is where it gets exciting I have accumulated a fair amount of RIMM on the trip down from US$12.00 to US$6.80. That is near the 50% mark that I usually set for myself for downside risks, i.e. where I stop buying/trading.

Any thoughts on the $6.00 low point? Or maybe .....?$4.00

[njblackberry]

I think the low is $6 - maybe $5.75. I'm waiting for the 27th when the quarterly results come out. Stock will be down a little (not a lot) then. At least that's my feelings. I'll buy then.

[brucep1]

I think the low is $6 - maybe $5.75. I'm waiting for the 27th when the quarterly results come out. Stock will be down a little (not a lot) then. At least that's my feelings. I'll buy then.

Is there any chance the next earnings call isn't a blood bath?

[kevinnugent]

Is there any chance the next earnings call isn't a blood bath?

I'd say little to no chance sorry. Sales will be woeful.

[_StephenBB81]

Is there any chance the next earnings call isn't a blood bath?

Will very much be a brutal call, BUT everyone knows that if you're a RIM investor you already know it will be brutal so a lot of that is built into today's price,
I expect to see the stock slide with the initial impact of just how bad it is, but it wont be nearly as much of a slide as we've seen in previous quarters.


I care more about their operating expenses, and cash position in this call over their device sales. They need to have money, and agility when they launch BB10. how is their plan for that working.

[njblackberry]

I agree...

Buy on rumors, sell on news.

Cash position - and how much they had to use to cover the unfortunate layoffs - are important. I agree - device sales, while a nice metric - aren't important.

And if there is one drop of bad news about BB 10 then it will impact the stock.

I still think $6 is way undervalued.

[mikeo007]

Am back again .....happier than ever ....

Have been trading RIMM from 12.00 down to 6.80 ....and making

Was good to commit and follow the progress of RIMM rather than just wondering on the sidelines ....have been selling RIMM on spikes and slowly accumulating. Anyway figured that NOTHING is gonna change the direction of RIMM until BB10 appears so it'll be a slow drift to ?5/6.00 before launch of BB10. Have been trading with this in mind. And then hopefully if BB10 delivers it'll be a change of trajectory upwards; this is my strategy

And also finally got a BB9790

I guess I don't understand stocks very well. How can one be "making" on a stock that is in constant decline? If I buy something for $10 today and sell it for $9 tomorrow, I didn't make anything at all. In fact, I lost.

Obviously the stock market is more complicated and you have to deal with fees and such, but I just don't understand how anyone could gain on a stock that's constantly losing.

[cgk]

I care more about their operating expenses, and cash position in this call over their device sales. They need to have money, and agility when they launch BB10. how is their plan for that working.

Yeah - this is the critical bit - RIM are up against players who can throw multiple billions into buying supply chain advantage and many hundreds of millions if not billions into carrier incentives, marketing etc - interesting to see how successful the cost cutting has been.

[njblackberry]

Yeah - this is the critical bit - RIM are up against players who can throw multiple billions into buying supply chain advantage and many hundreds of millions if not billions into carrier incentives, marketing etc - interesting to see how successful the cost cutting has been.

Ballmer has stated that Windows Phone 7/8 is a "long play" and they are going to continuing pouring tons of money into it. They have plenty of very profitable products to subsidize their phones.

[randomroyalty]

1. Rim is trading at less than 50% of book. The risk of going lower is purely emotional selling (e.g. fear)

2. RIM is eerily like Apple in 2000, around the time they introduced OS X, which in 1.0 was a total dog. The pundits were still predicting the death of Apple right up until the iPod started getting popular, and portable sales started taking off (especially in the high end). Apple learned from this period to keep everything regarding product development secret.

3. Short sell interest in RIM is at an all-time high. Keep in mind that there is a lot of conflict of interest whenever you hear an 'analyst' recommend what to do with a stock. Short sellers are driving the downward trend in order to make money (because the interest premium is high, short selling is very risky).

4. Warren Buffet said 'Be fearful when others are greedy, and greedy when others are fearful.'

RIM will take 3-5 years to recover to a stable $50, but has incredible upside in a 10 year time frame. In the classic contrarian mold, you buy value stocks like RIM for the long term. Don't buy RIM if you expect to profit in the short term.

[addicted44]

2. RIM is eerily like Apple in 2000, around the time they introduced OS X, which in 1.0 was a total dog.

People keep making this comparison, however, there is 1 massive difference between the 2 situations. RIM is in a market which is overloaded with heavyweight competitors. Apple was in a market where there was only 1 massive competitor, which was facing anti-trust issues, and in fact needed Apple to survive so they werent the only player in the field.

[brucep1]

Am back again .....happier than ever ....

Have been trading RIMM from 12.00 down to 6.80 ....and making

Was good to commit and follow the progress of RIMM rather than just wondering on the sidelines ....have been selling RIMM on spikes and slowly accumulating. Anyway figured that NOTHING is gonna change the direction of RIMM until BB10 appears so it'll be a slow drift to ?5/6.00 before launch of BB10. Have been trading with this in mind. And then hopefully if BB10 delivers it'll be a change of trajectory upwards; this is my strategy

And also finally got a BB9790

If you have been "keeping in mind" that it's going to $5 and $6 before the launch of BB10, why would you make a forum post talking about investing 100k at $12?

You expect us to believe that you have perfectly timed every spike and are somehow making money while the overall stock value has gone down by 45%?

I was thinking the only possible way is shorting it, but this doesn't sound like a shorting comment...

Is there a good reason not to BUY RIMM now?


At $12 .....what is there not to like of RIMM

[JasW]

You expect us to believe that you have perfectly timed every spike and are somehow making money while the overall stock value has gone down by 45%?

Sounds highly improbable if not impossible.

[hootyhoo]

If you have been "keeping in mind" that it's going to $5 and $6 before the launch of BB10, why would you make a forum post talking about investing 100k at $12?

You expect us to believe that you have perfectly timed every spike and are somehow making money while the overall stock value has gone down by 45%?

I was thinking the only possible way is shorting it, but this doesn't sound like a shorting comment...

Did you think that the op would come back and admit to losing a ton of money?

It's like people who come back from Vegas. Most of them say that they broke even or won a little, when it is clear that the Mega casinos are keeping much more that they are giving back.

No one likes to admit defeat.

[kill_9]

I'm gonna wait until just b4 BB10 drops, maybe December or January and then go in. Even if Rim goes bankrupt those shares should be worth in the $18 mark.

If Research In Motion files for bankruptcy the creditors, not the investors, get first priority in terms of payment from the sale of assets. Investors are next to last in line followed only by the employees. You really should do some research before buying shares in a corporation. Maybe you attended the pump-and-dump lecture by Victor Alboini and missed the long-term growth investment strategy practised by Warren Buffet. These days Research In Motion is not seen as a long-term investment unless you can afford their patent portfolio.

[mfreedmn97]

What news has moved RIM from the $6.50 range to almost $ 7.30 in the last 48 hours ?? Follow the money ??

[OzarkaTexile]

What news has moved RIM from the $6.50 range to almost $ 7.30 in the last 48 hours ?? Follow the money ??

Incredible. RIMM is up 4.34% today!!! Has any stock ever moved that much in a single day before!?!? Lone gunman? I think we're through the looking glass here, people. Follow the money.

[mfreedmn97]

Incredible. RIMM is up 4.34% today!!! Has any stock ever moved that much in a single day before!?!? Lone gunman? I think we're through the looking glass here, people. Follow the money.

I sense sarcasm........seriously though - it's 12% over that last two trading sessions. That's a good move percentage wise speaking.

1000 shares = ~ $ 800 in two days. Not bad. It's a start anyway.

[hootyhoo]

Incredible. RIMM is up 4.34% today!!! Has any stock ever moved that much in a single day before!?!? Lone gunman? I think we're through the looking glass here, people. Follow the money.

Imagine how many millionaires were made today.

[njblackberry]

Nokia (NOK) went up over 6% today. The lower a stock costs, the easier it is to show a large percentage gain.

Nokia ($2.79; up .16) is up 6.08%
RIM ($7.46; up .31) is up 4.34% - of you own 200 shares, you made $6.20
US Steel (X) ($21.61, up .91) is up 4.4%

So the answer is yes, multiple stocks do it every day.

[kfh227]

Imagine how many millionaires were made today.

I don't own stock. I own options. a 4% stock move is a double digit gain for me. Still waiting for the 2015 options to appear but i am happy right now.

[mfreedmn97]

Imagine how many millionaires were made today.

Hardly - but I made some money. I was just asking. Pardon me.

[hootyhoo]

Hardly - but I made some money. I was just asking. Pardon me.

I didn't mean to offend, it's just that the long time members here have heard RIMs stock talked up all the way down.

[mfreedmn97]

I didn't mean to offend, it's just that the long time members here have heard RIMs stock talked up all the way down.

Yup. I totally understand that. No worries. Still the last 'move' came when rumor of IBM hit the news. The rumour the other day was HTC. I was just curious if anyone had 'heard' anything this time. A .40 cent move on a basically penny stock play is still a nice move.
1.8M shares traded. People made money (or made a little money back I suppose).

Update :

Research In Motion: Best Acquisition Target For Lenovo
by Ivan.Tang

Lenovo Group (LNVGY.PK) said September 3, that it will consider acquisitions to drive growth and build competence, hinting that it would acquire a smartphone maker as it expands in mobile devices. In my opinion, Lenovo and Research In Motion (RIMM) would be a perfect match.

AHA !