- CrackBerry Genius
12-11-12, 11:45 AM #2
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- Safety or stick?
Re: RIM's Stock Up at 12.40, That's a 7 Month High!
I noticed that, too. However, there is still a long road ahead fraught with potential disaster. I am in this for the long haul, but gains like RIMM has made recently are encouraging.
- 12-11-12, 01:57 PM #5
It's been turning the float nicely last few TS in a range waiting for a break out scenario, 4-5% up is cool but still predicting a break out or gap UP soon. So range then break out/gap IMHO. Coiled spring comes to mind when you look at the chart.
Disclaimer : I'm not a qualified broker, do your research.
PS. Patriko, if your out there get your "boys" onside, quickly now.
- 12-12-12, 05:58 AM #9
My favorite (and optimistic) scenario
1/ break and stand above $12 (done half way)
2/ Tend to $15
3/ break and stand $15
4/ If no dramatic news : target the 52wk high, around $18
Launch (or even just prior the launch)
5/ If news/reports/sales "good" : Tend to $20 - If sales "really good" : tend to $30-35 - if sales "incredible" : ... who knows ?
disclaimer : just my opinion, please add your own research and add your pinch of salt.
- 12-12-12, 10:59 AM #12
- 12-12-12, 11:01 AM #13
Even at CAD12.40 per share of RIM the stock is virtually penny-stock compared to its previous valuations only a few years ago. Unless you invested CAD1,000,000.00 @ its low of roughly CAD4.00, you are not getting rich off this recent bounce. All you small-time "RIMM investors" are immaterial to the market and a single institutional investor cashing in by dumping their shares on this uptick could wipe out your profit and potentially send you into negative equity territory.
- 12-12-12, 11:04 AM #14
Sorry. Looking at TSX as I'm trading RIM.CA
Opened at 12.50 CAD, now trading at 12.28. 1% down. For the last few weeks someone at CIBC has been dumping a lot of RIM shares. Today Credit Suisse is leading the selloff.
- 12-12-12, 11:11 AM #16
But even with $1.000 invested at RIM's low (around $6), we would have doubled it as of date, provided we intend to make short time and single profit "game" ... but I believe most of "us" did put some money because we believe the "few years ago" range (up to $128 if I remember correctly) is an option, even if most of us are more likely expecting a $40 range within 3 years.
I do understand (and thanks the more lightened investors of you) the risk and the "unpredictable" factor ... but this is a "trust" involvement ... barely compatible with reasonable finance skills and usage
- 12-12-12, 12:00 PM #18
I bought 50 shares at around $11.55 or so, so I'm pretty happy with the increase. First-time investor, hoping BB10 hits big, and would love to turn $600 into $1800 and put it towards my $50,000 graduate loan(s).
- 12-12-12, 12:04 PM #19
I am a bit skeptical about investing. The PR moves are nice and are lifting the stock. My big concern right now is that you'll see the stock take a hit when they announce results next week. Regardless of BlackBerry 10, they're still reporting on a quarter with old product next week. Thorsten could still surprise (he did last quarter) but there's a chance the market will yelp at the results.
At least they haven't issued a 'warning'.
- 12-12-12, 02:42 PM #20
We're mid-December, RIM hasn't burned all its cash, we can predict that.So, in 1.5 month the launch figures will decide ...
- 12-12-12, 04:59 PM #25
Last edited by RubberChicken76; 12-12-12 at 05:25 PM.
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