- I was talking with a friend about rims stock and how we believe it's being manipulated by pro short sellers (apple) ..anyway he explained that if you own rim shares in an account and you place a order to sell those shares at a price then those shares become unavailable to be shorted. The idea is to place your order much higher then your break even point in case there is a surge in price and you accidentally get sold out. If this is true then all crackberry community holders alone who are long rim share could have some effect.
Does anyone have any knowledge of this?05-24-12 05:13 PMLike 0 - John YesterRetired SuperstarHmm good question. Surely one of the Stock gurus will stop by and be able to give you a better answer as I would not want to miss lead.05-24-12 05:16 PMLike 0
- ThunderbuckRetired ModeratorRIM'S share price is being driven by sentiment as much as anything else. The only thing that will stop the negative sentiment is some good news, pure and simple.
Strategies like this won't work in the long run.05-25-12 02:22 AMLike 0 - OP, I'm not aware of any type of account that locks a sell price for share holders
Shorting a stock is a tactic for some people in the market. They see the trend and of course they'll sell higher to buy lower
These people know RIM has a future, they have BB10 and a plan. They'll make some money on the way down and then again on the way upJtothaR likes this.05-25-12 07:51 AMLike 1 -
It would not make much difference, as the big institutional investors would be lending the shares to the shorts for a fee.05-26-12 07:10 AMLike 0 - Dividends on tech stocks are notoriously low, even though AAPLs $2.65 is great. It's a very volatile stock - down $3 yesterday and that more than wipes out the (taxable) divident anyway. If you are into dividends, utilities and older companies are a better play. I made more than enough (OK, there is never more than enough) and felt that AAPL was going to have a minor correction with the rest of the market. I reinvest all dividends anyway. But you make a very good point for new investors - pay attention to dividend calendars.
Unless you are shorting :-)
If RIMM gets low enough - and it very well may - I may get back in. Unlikely, but I'm watching.05-26-12 07:26 AMLike 0 - If you STOP shorting my bitten fruit shares,I will stop shorting the blackberry cobbler shares...deal?lol j/k I don't own apple shares--my BIGGEST mistake during the 2008 crash.I swore not to buy tech stocks like the bitten fruit when it was under $20/share.05-26-12 07:29 AMLike 0
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- So Apple is manipulating the marketing by shorting RIM stock? Please. Apple has much easier way to make money. Keep selling their products.
Abwan11 - if you don't know what short selling is, you should read up on it and discover that it is one reason why companies stock slides. Not in this case. RIM is doing this all on their own.
I do not own any RIMM now; I have owned it in the past and have made a ton of money on it (before most here knew what a BlackBerry was). Now. Not so good for RIMM.
Just sold my AAPL stock. Made money on that.05-26-12 08:15 AMLike 0 - So Apple is manipulating the marketing by shorting RIM stock? Please. Apple has much easier way to make money. Keep selling their products.
Abwan11 - if you don't know what short selling is, you should read up on it and discover that it is one reason why companies stock slides. Not in this case. RIM is doing this all on their own.
I do not own any RIMM now; I have owned it in the past and have made a ton of money on it (before most here knew what a BlackBerry was). Now. Not so good for RIMM.
Just sold my AAPL stock. Made money on that.05-26-12 08:20 AMLike 0 - Dividends on tech stocks are notoriously low, even though AAPLs $2.65 is great. It's a very volatile stock - down $3 yesterday and that more than wipes out the (taxable) divident anyway. If you are into dividends, utilities and older companies are a better play. I made more than enough (OK, there is never more than enough) and felt that AAPL was going to have a minor correction with the rest of the market. I reinvest all dividends anyway. But you make a very good point for new investors - pay attention to dividend calendars.
Unless you are shorting :-)
If RIMM gets low enough - and it very well may - I may get back in. Unlikely, but I'm watching.05-26-12 08:26 AMLike 0 -
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