- CrackBerry Addict
01-30-13, 06:38 PM #3
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- 22D6B6DE and 501021E8
WINNIPEG, MB, January 30, 2013 (CNS Canada) - The Toronto Stock Exchange (TSX) closed lower on Wednesday, led by a sharp decline in the Research In Motion (RIM) stock, analysts said. RIM declined sharply following its launch of the BlackBerry 10 because the company also announced the product won't be available in the US until mid-March. This is part of what Scotttrade RIM page showed today. The stock market reacted to the delay in the US. I am concerned that it will continue to react negative until the american press finally has a tangible product so that they can move and start showing the praises of the phone. Until then I feel the bleeding will continue and maybe go below the $6 price .
- 01-30-13, 07:41 PM #8
If the only reason for the drop is March availability...I'm comfortable holding through the storm.
Just trying to gauge whether or not it's the US launch date that sent the shares down...or a sub-par launch event.
- 01-30-13, 07:44 PM #10
My guess...powerful short positions using every favour from every friend they have to drop this baby till they are covered...then they will ride her up over the next few years as BB gains traction.
- CrackBerry Abuser
01-31-13, 01:40 AM #14
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I think it's more a case of investors taking quick profits on the back of the launch. With regards shorting, anyone who shorted at $6-$8 are in trouble because they require a major headge to cover their shortfall ( excuse the pun). I don't see the March US launch knocking too much off the price as BlackBerry's strategy was to release first in their popular markets. Over here in Europe people have been peeling their bananas for these new phones.
- 01-31-13, 04:15 AM #15
2/ It started, but more than this, I believe the success in early countries (CAN, EEC) will be the most efficient indicator for investors.
3/ $6 is a *ouch* point. Below $10 it'll be quite "embarrassing" to say the least. If back in this area (under $10.5), I'm in to double (not an advice to anyone).
I was long, I am long, I stand long. For 2-3 yrs.
- 01-31-13, 04:29 AM #16
Everyone was kind of led to believe that the phone would be delivered at the end of this month. It is a GREAT disappointment to many who were expecting it! This is nothing but another RIMM delay tactic as we have all seen in the past. Many of us thought that RIMM had changed but they are the same.
Worst is the deception! Many lost a lot of money on RIMM's big deception, I was lucky and got out at $17.25 but also had a friend way up in AT&T that assured me that there was no imminent BB10 device and he would know. It is hard to even believe that they phone will be delivered in March! Also the introduction was just as disappointing as the delay.
A $2 dollar drop could be just for the first day.
- 01-31-13, 04:32 AM #17
Maybe it would have been better if RIMM leveled with its users and told them that they were going to be a month or so late getting the devices delivered. I believe this and the lackluster show they had today is directly responsible for what is happening to their stock.
Looks like a deception to me.
- 01-31-13, 04:34 AM #19
- 01-31-13, 04:35 AM #20
RIMM is falling - don't look!
It's hardly a delay tactic with rim! How is it the same old blackberry? They delivered and you can have one in your hands feb 5th in markets they launched in.
Phones were sent to carriers a long time ago for testing. Time they cut through all the regulations there is a small lag behind some other markets. Is it a deal breaker it's not global and available everywhere NOW. Simple answer no. It's not like any is carrier is pushing blackberry in the USA. So frankly how is it going to hurt them when they always make a customer go for an iPhone or galaxy phone anyways.
It's common knowledge stocks were going to take a hit today. It's what analyst do. Strike fear and misleading stories to drive down the value. Before it goes up. Happens everyday.
- 01-31-13, 04:39 AM #21
- 01-31-13, 04:42 AM #22
Between "the end of the month" (end Feb.) and "early March", we're talking in days. Still in the Q1 though.
We know the product is fine and early adopters will offer both a good preview of potential sales and bear the brunt of the inevitable adjustments to the OS, so that it'll be even more polished at launch for U.S.
Disappointment is appropriate, but I believe a "temporary" should prefix that. For now, as I read your (and several) comments, "anger" sounds more appropriated. And anger is a bad counselor .
- 01-31-13, 04:49 AM #23
The US isn't the whole world. It represents 11% of total subscribers, and perhaps 30% of subscribers in the developed world. It is disappointing for US customers, but if the US got the phones first and Canada/UK got it in March, I don't think Canada/UK would be screaming about a deception. The amount of Blackberry subscribers in Canada/UK combined is about equal to that of the US currently too.
Deception would be if the first countries got the product in April after saying that it was firmly ready for Q1.
- 01-31-13, 05:10 AM #24
Would you feel just as upset from an investment perspective if BB10 was available in the US next week, but in the UK/Canada in mid-March? The reason I ask is because the combined sales potential from the UK/Canada is likely to be equivalent to the sales potential from the US - at least in the short term. So that scenario would be equivalent in terms of financial impact compared to the current scenario where the US sees the phone in mid-March.
- 01-31-13, 05:15 AM #25
I'm expecting another downer day followed by hopefully an uptick going into the weekend.
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