[cgull]

I decided to take a $12,000 loss following the Q1 call. That was 100% discretionary funds but still hurts badly. On the flip side, it is a relief to be out of my position in RIMM.

To all those longs still hoping against hope, take a hard look at the facts before you decide to wait for a turn around.

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I think everyone will be surprised how low it goes in the next 6 months. I think $5 to $6 dollars.

You may see $6.50 by the Fourth of July holiday this Wednesday.

[llllBULLSEYE]

The best thing I did was sell my stock last Friday.
I still believe in RIM, but not in their stocks.

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[ridemaster]

dont kid yourself ppl. The Stock will go back up. we all new that times would be tough for the next while until bb10.

you are all acting as if this is "Breaking News"

Give your head a shake folks

[kbz1960]

I decided to take a $12,000 loss following the Q1 call. That was 100% discretionary funds but still hurts badly. On the flip side, it is a relief to be out of my position in RIMM.

To all those longs still hoping against hope, take a hard look at the facts before you decide to wait for a turn around.

It would be nice to have that much to throw away. Why not just wait it out at that kind of loss?

I thought about getting some but glad I haven't.

[yvrbs]

Remember that stock prices are like any other commodity in that the price is based on supply and demand. Right now more people want to sell than buy so price is down but, people are still buying. How would you like to be Prem Watsa who sits on the board, whose company Fairfax Financial has bought over $500 mil since the New Year? I've followed this guy for 20 years and have done very well by doing so as I initially bought Fairfax stock around $60 and it is now over $400. I followed him into RIM in March so am down about 40% but this guy has made these kind of investments so often that I don't even flinch anymore when I see this pattern.
That's not to say that RIM is going to turn this around short term but when I see Watsa investing this kind of $ in a company I am reasonably confident that at some point I will realize profits on RIM.
Finally, if you are hoping to make $ off short term trading, why not just go to the casino? You have about the same chance and you'll know the outcome a lot quicker.

[cgull]

It would be nice to have that much to throw away. Why not just wait it out at that kind of loss?

I thought about getting some but glad I haven't.

Thats the game any time you play the market especially with individual stocks. I sold bc I believe RIMM will go down further and would rather take whats left and put it into something that will actually appreciate rather than watch more carnage over the next 3 quarters. The market was actually soaring up on Friday while RIMM was going deeper into the ditch.

[geogejost]

I am a Crackberry Addict, BB developer and stockholder. As most of us are, I am saddened about RIM's latest news and holding on for better or worse!

I stand to lose MORE from my pride and invested time and effort in BB development projects than money. However, as a RIM stockholder I am also losing financially.

So I started this thread so all of us stockholders can share our stories and discuss options and best/worst case scenarios.

My story:

I invested $1000 in RIM back in February after it seemed to bounce and new CEO was in. At the time, it was $16.75 a share. Latest share price at $7.39, so I lost 60% of my investment in only a few months!

Now for me even if I lose my entire $1000 it is painful, but not so much as the pain I feel in my heart for seeing RIM getting killed and my efforts developing apps and supporting them all these years!

Share your crying in your beer stories here!


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Somebody I know works for one of Blackberry's customers, a Canadian carrier. He bought some stock believing they will rebound. He loves his old BB too. (His company switched to Android. I gather he liked some of the elements of Android but still preferred to have his old BB.)

They do seem to have made some dumb marketing mistakes.

For a counter question, see my "embrace the keyboard" thread. I try to point out some of the strengths of the BB phones as a product. I am not as knowledgible as you are.

I think, if RIM can do what its CEO promised to do and really focus on its business/government customer base, they might be able to rebound.

I also think, with the existing of the BB keyboard, that the playbook is a far better product and that sales may pick up.

In terms of strategic blunders they made? Many. I'm suspicious of the idea of going to a completely separate platform rather than bridging in some way. I know their API was suffering a bit but backwards compitibility is a plus. I think they pissed off a key canadian customer and that was silly. (Thankfully that is small potatos compared to their others but ...) They seem to have had a hard time focusing on a strategy to launch the playbook. It is actually an awesome device but they have 50% business tool and 50% consumer product. I like the idea of being able to do presentations etc but of course now Microsoft has launched a tablet. Obviously, that tablet will be great for that space.

[MartyMcfly]

why can't someone here buy the stock based on contrarian concepts? sorry boys but I'm taking the advice of Rockerfeller, he bought when no one did and sold when everyone was buying. Buying any stock is no guarantee of future earnings. and a whole lot easier for my Rimm stock to double $8 to $16. versus buying one Apple share and hoping it goes from $500 to $1,000. in the end buy it if it makes sense for your portfolio and strategy, and if my money doubles i'll let all these naysayes post on my thread "i was correcto"

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How is it easier for Rimm to double to 16 bucks? Apple's ipad/iphone sales are through the roof each quarter, not to mention they may enter the television market...I'd rather take my chances with the company that's leading with multiple streams of revenue/profit vs the one who's stock is setting record lows every other week.


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