- CrackBerry Addict
09-10-2012, 01:09 AM #101
- 543 Posts
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.
- CrackBerry Abuser
- 166 Posts
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
- 09-11-2012, 08:33 AM #105I sent the club a wire stating "Please accept my resignation. I don't want to belong to any club that will accept me as a member." - Groucho Marx
Follow me on Twitter: @nugentkt
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- 09-11-2012, 08:40 AM #106
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.oops...
Statistics are like bikinis. What they reveal is suggestive, but what they conceal is vital. \
- 09-11-2012, 08:44 AM #107
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.
- 09-11-2012, 08:57 AM #108
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.
- 09-11-2012, 08:58 AM #109
- 09-11-2012, 09:15 AM #110
- CrackBerry User
09-11-2012, 09:34 AM #111
- 53 Posts
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.
- CrackBerry Abuser
09-11-2012, 10:13 AM #112
- 326 Posts
- 09-11-2012, 10:22 AM #113
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...
Last edited by brucep1; 09-11-2012 at 10:24 AM.I survived the Storm of 2008 and the PlayBook of 2011.
- 09-11-2012, 12:22 PM #114
BB 950, BB 6280, BB 7290, BB 8800, BB 9000, BB 9800, BB 9810, Samsung Galaxy Note II (yes, mine is bigger than yours)
PlayBook 64GBSamsung Galaxy Note 10.1 32GB
BlackBerry user since 2001 . . . until 2013
- 09-11-2012, 12:42 PM #115
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.
- CrackBerry Genius
09-11-2012, 12:55 PM #116
- 4,987 Posts
- 09-11-2012, 03:39 PM #121
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.
- 09-11-2012, 03:58 PM #125
1.8M shares traded. People made money (or made a little money back I suppose).
Research In Motion: Best Acquisition Target For Lenovo
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.
Last edited by mfreedmn_97; 09-11-2012 at 04:18 PM.