RIM Stock Holders Be Aware - Do not SELL this week
Just wanted to share some info on this. If you are holding any RIM shares do not sell in panic, Shorts will be desparate and will try anything to cover. They do this all the time wiht Natural gas, just google it. It was reported few weeks ago by the trader on the floor. They put fake sale orders using high frequency trading systems and that will panic people like us and we will be left with no share, they will cover and make even more..
Just asking to be careful and not be fooled by these manipulators..depending on your portfolio, position and strategy sell some but just give it some thoughts insteading of panicing..
A fine panic manipulation example was on Dec 20, 2012 after hour. Big shorts sold 20M+ shares in 20 minutes. Then their media arms spread the fear that evening and next morning to cause a big drop in share price.
Do not fall for the big short manipulation.
They had tried in on the FB event. Big shorts tried to Pin-the-Donkey on the FB/RIMM for the share rise. They had hold when there was no announcement, they do a manipulation. I tried desperately to tell everyone, there is no FB/RIMM announcement on the message board.
Now, they tried to mis-inform calling Lenovo a buyout instead of what it is - a potential Strategic Partnership.
with your RIMM stock. There will a bear raid for sure, with this many shares shorted. They can wipe all your shares off the board in 60 seconds.
For those of you unfamiliar with a bear raid, the hedge funds that decide they want to cover their short positions, instigate a quick large SELL "at Market" move. They make it big enough to catch the first batch of Stop Losses set, and that triggers a domino effect of automatic Sells that plummet the pps.
A moment later, they do a massive BUY "at Market" move and buy up all your shares.
You will be left with no shares, and they will have a huge purchase as a cheap price.
Within 5 minutes, the price will be back to what it was, and you will be scratching your head.
Just a heads up.
Well, This week in general. The haters and shorts will find anything to manipulate, it can be tomorrow, during the annoucement or after announcement. For e.g. Lenovo statement pushed it higher but now lenovo is downplaying...Just take Eearning report example, ofcourse RIM CFO did not do good job, it went up 15% after the report and they kept asking for service revenue question when it was not the focus of earning. The focus of earning was bb10 and cash amount and yet they succeeded in droping it by 15%.
This week can be any day..just be careful..that is all. if you can afford to hold it until next ER or progress report.
Unfortunately for them, they did not find any flow or bugs with BB10 otherwise they would have killed it alreday.
- CrackBerry Genius
01-28-13, 04:30 AM #5
- 2,291 Posts
- 01-28-13, 08:52 AM #8
I myself won't ever tell anybody what to do with their stock (RIM or any stock for that matter), I do however agree with you on principle.
The Dec 20 - Dec 24 short raid on RIM was a dirty game, I said it at the time and still hold to that this day. Of course the shorts will do their best to knock Blackberry 10 Jan.30.2013 , they have no other option,lol.
Jan.30.2013 launch, Super Bowl,release date, I would say shorts DON'T have an advantage this time around like Dec 20.
- CrackBerry Genius
01-28-13, 09:43 AM #10
- 2,226 Posts
All of you should be wary. What is posted here is helpful, but please understand YOU need to decide what to do in this market. It is YOUR money. If the stock hits a price that makes you happy, sell. If not, hold. If you want to hold long term, great. Flip options, I did and it was a nice play. Just remember that if your day job is other than trading or investing, the shorts and professional traders all have A LOT more money and experience. If you try to swim with them or outsmart them, good luck. Market timing is almost impossible to do over more than a trade or two as well, most pros don't try that.
This morning is nothing compared to what you might see this week. People might sell the news. The launch might be spectacular and the stock could rocket. Until it is confirmed WHEN you can actually get the phone and when the physical keyboard model is actually available and then thereafter when we see sales numbers, then we will know if RIMM is a good long term investment. Everyhting LOOKS better under Thor and RIM seems to be executing the game plan much better now, but its way to early to declare victory.
JMHO, be careful out there!
- CrackBerry Addict
01-28-13, 10:58 AM #12
- 580 Posts
Look...I love RIM and will be getting a Z10 but it is going to take a while to win over the general public. Buy on Rumour and sell on fact is the way it usually works so I personally would be hesitant to buy this week. It will take a home run to make the stock move higher this week. Once things settle down then I do see it moving higher but short term we will see lower prices this week.
- 01-28-13, 11:00 AM #13
Common sense advice:
1. It is never bad to lock in profits... 1 in the hand is worth 2 in the bush.
2. If theories prove correct, there should be some selling due to the old adage "buy on rumor, sell on news".
FYI - I still believe RIMM is a long term buy, margin of safety is on your side.
- 01-28-13, 11:33 AM #15
- 01-28-13, 11:40 AM #17
I would think if there are not any announcements that can be linked directly to revenue and earnings increasing in the current and next quarter then there will not be a squeeze on Jan 30, 2013.
- 01-28-13, 11:46 AM #18
All this makes me wish some of the top RIM people would take the company private, like Dell is considering. The markets in the US are as rigged as a two-bit casino IMO, with all this high frequency trading by the big guys.
- 01-28-13, 01:06 PM #21
boatthoughts (lol 150 VS 2.800 shares) here.
We're not gamblers ... do not fight against them; they have the knowledge, they have the money.
Stay calm; if what we believe true happens we'll get our money. No doubt.
It's not about gesticulation; its a 2-4 years recovery.
- 01-28-13, 01:07 PM #22
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