WHAT THE HECK is happening to the Stock?! :O
I'm almost dying here! In just one hour of active trading RIMM's stock is already more than 5% down now with an all-time low trading at $12.07!! What the are the investors seeing?! RIM unveiling a land phone or something?? Two cans with a connecting thread???
An analog snake game?? This is effin insane and insulting!!!
What's happening up there in Orlando?!?!
- 05-03-2012, 09:38 AM #3
Because they haven't done anything but said we'll have something great in a few months. And I'm guessing a different virtual keyboard and special "camera" wasn't enough to change people's minds just yet. No hardware, really did not show BB10 (as the current Alpha is likely to be a lot different than what is released) so what do you think they have done that should reverse the course of the stock?Who cares which device is better? Isn't all that matters is that it's the best one for you?
- CrackBerry User
05-03-2012, 09:40 AM #4
- 61 Posts
I guess the recent conference thingy failed to impress.
Looks grim, doesn't it.
Even with all it's cash, and Nokia on it's side, and a great OS, Microsoft phones are doing very little comparatively, so it's unlikely RIM can do much more
In my QFolio app on my PlayBook I'm following:
Research in Motion (RIMM)
Guess who's the only one in red?
- 05-03-2012, 09:55 AM #8Who cares which device is better? Isn't all that matters is that it's the best one for you?
- CrackBerry Genius
05-03-2012, 10:02 AM #9
- 2,710 Posts
Well TBH, the market values a stock at the return the stock gives not future potential unless that potential can be measured.
While RIM has shown great innovations, they are not likely to translate into revenue anytime soon and that's what the stock price is reflecting.
As of now RIM is a value stock not an earning stock. Any investor looks at what the stock will earn him from the date of purchase and past history is showing that the shares will not give much return over the next quarter. So those who are looking for future value and are willing to take risks will obviously want to buy at a lower price. Since there are no takers at full price (whatever that might be), the value investors are dictating the price.
Once RIM gets their final device to market and if it does well then you would see a positive movement in stock. However as things stand now, no one can guarantee a that the final product will bring in revenue, so the market is waiting for the final device to come on market before bidding up on RIMM.Through the Years :2001 Ericsson T29s> Sony Z5> Sony Z7> SE Z600>Moto A760> RAZR V3>Razr V3i>BB 8800>BB 9500 >BB 9800>Bold 9900..RIM Returns with a bang
Life was much simpler when Apple and Blackberry were just fruits
- 05-03-2012, 10:13 AM #11Who cares which device is better? Isn't all that matters is that it's the best one for you?
- CrackBerry Abuser
05-03-2012, 10:14 AM #12
- 181 Posts
I believe the stock price is only held up by RIM's patent assets. That is, it's trading near liquidation levels. RIM is now in the Zombie period that Nokia went through: cranking out old phones on a dead platform until their new stuff hits the streets. Their legacy OS is a dead end and BB10 is an unknown with no devices until later this year. The stock price reflects that.
Good news, though. If you think RIM can turn it around and return to industry dominance, their stock is currently on sale. 15% off April prices.
- 05-03-2012, 10:18 AM #13
I'd say Monday's announcement will trigger the increase.
Stockholders seem to prefer gizmos over abstract constructions like quality software and revolutionary OS design. It's too far above the average individual's head. In short, RIM is too smart for joe investor.
Considering the 'Wake Up' campaign, I'd say they're launching the 4G tablets in Australia, as there's a market there looking for 4G tablets in the wake of Apple's fsckup.
They'll take that market, then use the positive feedback to create a wave to ride onwards to BB10.
- CrackBerry Abuser
05-03-2012, 10:25 AM #14
- 181 Posts
- CrackBerry Addict
05-03-2012, 10:30 AM #15
- 691 Posts
Investors/media wanted to see a new device at the DEVELOPERS CONFERENCE! When in fact RIM has done EXACTLY what they said they did, have a developers conference. Expectations on the street are retarded on a good day. Never mind the lazy reports you can read or hear about what RIM is or isnt doing, half facts or missing details. I am more annoyed on the failing of today's media then the stock price.
- 05-03-2012, 10:34 AM #17
If they release with the same hardware, plus 4G, in a market that doesn't have a quality 4G tablet... thats a market waiting to be claimed. And since any new device they offer will obviously get the free upgrades to BB10 when it rolls out this summer, it just adds to the wave.
I'm expecting a positive bump come Monday's announcement.
- CrackBerry Addict
05-03-2012, 10:48 AM #18
- 755 Posts
It's Heins' comments yesterday morning, he acknowledged RIM has several challenging quarters ahead, and nothing announced this week will change RIM's predicament.
Sent from my BlackBerry 9860 using TapatalkEvolution of Communication: Rotary Phone > Dial Tone > Motorola Walkie-talkie > Nokia 2160 > Nokia 6190 > Samsung a460 > Samsung a920 > BB 8700 > BB 9530 > BB 9860 > PlayBook 32GB > z-wait is over, BlackBerry Z10 for me
- 05-03-2012, 11:16 AM #19
Next week? Maybe.
They're playing it close to their chest. They don't owe money, so having their stock drop doesn't mean much as there are no debts to leverage against them. They could be planning to repurchase their own stock from the market to hold off the possibility of a takeover.
- 05-03-2012, 11:23 AM #20
The stock is so oversold that even if one doesn't go in a buy it right now, it will make money. I tend to agree with most people that it's too early to go in and i would just toss some money at RIM.
Look, we all here really like blackberry and have great hopes for it. In the end, as a business, RIM is losing market share, it's not doing well. Hope that changes soon.
- 05-03-2012, 12:17 PM #21
$12.00 at midday. Ouch!Why is it that when your contract commitment is up, the phone you always wanted is now old and the phone you now want won't be out until the next quarter?
Curve 8330 188.8.131.52 -> Bold 9650 184.108.40.2066 Plus not one but two totally awesome kickin' Playbooks
- CrackBerry Abuser
05-03-2012, 12:53 PM #25
- 482 Posts
"RIM 'fessed up to the stunt and issued a statement saying that on May 7th it will do something that “will aim to provoke conversation on what ‘being in business’ means to Australians.”
This is what the countdown is counting down to...something about "being in business"...what do you guys think this means...could it mean the 4G PlayBook allowing Australians (And ultimately the world) to take business with them everywhere they go?
If this is a countdown to a 4G release, then its kind of weird it was a localized campaign...unless they chose Australian because they currently have no 4G tablets