The reason why I shorted to 14, now shorting it to 4

[nortelthesecond]

The reason I predicted it will goto 14 dollars, purely from a trading perspective was because 14 was 20% of 70 dollars. I covered at 14. If I am a MM, I will making sure it goes to 14, and no longs got in above 20 will ever recover, simple. Currently it trades between 12 and 16 fully expected, then go down to 4.

Past was ugly, i.e. I hope no one believe them that it took 4,5 days to fix hardware issues, and gave away free games for people really depend on the BB. Selling their so call secure system, is like selling their sole

Now why i will short to 4 dollars:
1. They are releasing 10 inch playbook, they lied to customer once. The playbook1 was selling for 499, then employee can buy 8 playbook1 for 99 each. Now if they release 10 inch playbook2 for anything above 150, no one will buy it, because people think if RIM can't sell they will lower price again. However if they sell below 150 they lose money

2. BB10 actually is based on playbook1 software, it won't be successful, just like playbook1 or playbook2

3. The reason why no one will buy RIM, RIM's current front line is BB9900, and playbook1, they don't worth even 4 dollars/share, android is free

4. Mike and Jim, either one of them is better than Heins, everyone understands that, but why before 4th quarter, they resign. They see no future, bad quarter is coming, they want to give the dirtiest shiit to Heins

[TRlPPlN]

do you have anything else to add that we dont already know? for a first post, it's a bit trollish. if i can hit you with a ban stick i would. anyways on to the next crap cause it's all the same.

[llllBULLSEYE]

hmmmm so you created an account
to post a worthless thread.
nice!

[OMGitworks]

I hope you are joking. I have been fairly vocal and critical about RIMM but shorting it hear seems insane to me. Good luck if you are serious. It has about $3 per share just in cash plus patents easily worth another $4-6 per share.

[kemj]

You know what? Just because you assumed the 10" PlayBook would be called "playbook2" denotes that you are an Apple fanboy and thinks that everything out there should be iCrap like. (iPad/iPad2/iPad3)

Plus, the name for the BlackBerry tablet is "PlayBook", not "playbook", "playbook2" or "iplaybook".

The best thing about my PlayBook/BB9900 is that it ain't no iPad/iPhone.