[Shanerredflag]

Hey TomJasper...how's your buddy holding up through this swing..hope he's OK.

[bigbadben10]

Thanks to the profit takers I picked up another 2000 shares and made $800 (on paper) on them today.

When the music stops I hope we all have a chair.

"Live Long and Prosper Bro"

[bungaboy]

Wtf?
16:37 $ 15.66 2,000
16:34 $ 15.0083 30,000
16:33 $ 15.66 100

[duckJAI]

I say the entire week will be extremely volatile.

Digestion of info, sale predictions, reviews of products etc etc.

The roller coaster ride has just begun. Seat belts are securely fastened and there's no turning back. It's going to be a crazy ride. I might just close my eyes lol

[MoolahMitch]

I say the entire week will be extremely volatile.

Digestion of info, sale predictions, reviews of products etc etc.

The roller coaster ride has just begun. Seat belts are securely fastened and there's no turning back. It's going to be a crazy ride. I might just close my eyes lol

Just to add to the already volatile stock, I also expect an increase in volume also.

[koroshiyax]

Just got this e-mail from Questrade:

"Please be advised that the margin rate on common shares of Research In Motion Limited (RIM.TO or RIMM) is increasing from 30% to 50%, effective Wednesday, January 30. Please review your current positions to ensure that your account does not enter a margin deficiency due to this change.

It is your responsibility to monitor your account and your margin, and to deposit sufficient funds or sell sufficient positions to remain in good standing. If your account becomes under-margined, we will issue a margin call and may sell securities to satisfy the shortage.

We retain the right to require additional margin at any time we consider necessary."

Trying to reduce risks is always good, but 30% to 50%... I guess they're getting ready for the roller coaster.

[Shanerredflag]

I find it comical how this industry works... wonder how they came to that #??

[Nindia]

F**king Questrade. They always do this.

[Nindia]

I don't know how many people are using margin to buy RIM right now but I'm sure some people are gonna be forced to sell on Questrade tomorrow because of the increased maintenance requirement.

[cleacy]

Just got this e-mail from Questrade:

"Please be advised that the margin rate on common shares of Research In Motion Limited (RIM.TO or RIMM) is increasing from 30% to 50%, effective Wednesday, January 30. Please review your current positions to ensure that your account does not enter a margin deficiency due to this change.

It is your responsibility to monitor your account and your margin, and to deposit sufficient funds or sell sufficient positions to remain in good standing. If your account becomes under-margined, we will issue a margin call and may sell securities to satisfy the shortage.

We retain the right to require additional margin at any time we consider necessary."

Trying to reduce risks is always good, but 30% to 50%... I guess they're getting ready for the roller coaster.

I don't use margin (or Questrade for that matter) but i'm curious if they also raised the maintenance margin requirement for short sale of RIM?

[Shanerredflag]

Hope it works out for you...be carefull out there!!

[bungaboy]

Karma works.

[mrfreetruth]

I don't use margin (or Questrade for that matter) but i'm curious if they also raised the maintenance margin requirement for short sale of RIM?

Does anyone know?

[bungaboy]

RIM’s BlackBerry 10 gets some rave reviews

IAIN MARLOW - TECHNOLOGY REPORTER

NEW YORK — The Globe and Mail

Published Tuesday, Jan. 29 2013, 7:33 PM EST
Last updated Tuesday, Jan. 29 2013, 7:58 PM EST

It has a faster Web browser and better apps. Its sleek operating system lets the user move easily between her inbox and social media, rather than closing one to open the other.

It has a bigger screen than the iPhone, making videos easy to watch. It has a vastly improved camera that can wind through multiple frames in order to open blinked eyes, as well as a central hub that aggregates Twitter, LinkedIn, and e-mail messages. In Facebook, scrolling through photos is no longer an arduous task.

In short, BlackBerry 10 is probably the best BlackBerry that Research In Motion Ltd. has ever built. And after years of criticism that RIM’s smartphones lack the razzle-dazzle of wildly popular models from Samsung Electronics Co. Ltd. and Apple Inc., the new BlackBerry 10 touchscreen phone – which The Globe and Mail got a sneak preview of on Tuesday – actually looks kind of cool.

But now that launch day is finally here, after numerous delays and some dark days for the company, the question is: Will it be enough to save RIM?

On Wednesday, the technology giant’s CEO, Thorsten Heins, will unveil the BlackBerry 10 lineup of smartphones at an event in New York: A full-touch device designed to match the consumer appeal of the iPhone, and a revamped BlackBerry with the same physical keyboard beloved by many business people.

These new devices are not merely new gadgets for RIM. They will also run new software that was designed from the ground up to work better than RIM’s older operating system, which was plodding, unstable and lacked a large variety of applications.

The devices also represent what is arguably RIM’s last chance to show the world it’s still able to keep up with the brutally fast pace of innovation in the smartphone industry.

“It’s an ultra-competitive market and most consumers have made up their minds on BlackBerry, so we believe RIM really needs to wow the audience,” RBC Dominion Securities analysts Mark Sue and Paul Treiber wrote in a recent research note.

If the new devices are a success, RIM will have a future-proof platform on which to launch multiple new wireless devices, at various prices and in different markets around the world – reversing a steep decline in sales and stabilizing the company’s deteriorating position in the market.

If BlackBerry 10 devices are only marginally successful, RIM risks continuing on a downward slope. And if they‘re a flat-out failure, then RIM slips back to square one: Stuck with selling BlackBerrys nobody wants, cutting costs and exploring new lines of business – as well as more drastic alternatives such as breaking up or selling the company.

Recently, RIM investors have seemed confident that the new devices were good enough to mount a comeback. As RIM executives began showing off the BlackBerry 10 touchscreen phone to wireless carriers, business users and financial analysts, and as videos and screenshots leaked online, the stock went on a tear. Even after a pullback this week, it is up 154 per cent since its low point last September. It closed at $15.71 on Tuesday, down 3.4 per cent.

People seem impressed by BlackBerry 10’s ability to separate work and personal profiles; its fluid interface, which lets users glimpse at other areas of the phone without closing applications and a BlackBerry “hub” that aggregates incoming Tweets, e-mails and LinkedIn requests.

Given the stock’s recent run, some analysts had been advising clients to take profits before Wednesday’s launch event – and Eric Jackson was among the investors who did so, though he still holds a large position in the company.

“If they get a lot of their existing [subscribers] to buy the new phones, they are golden,” says Mr. Jackson, a hedge fund investor and founder of Ironfire Capital LLC who was previously shorting RIM’s shares.

Going into the launch, enthusiasm remains high – among investors, RIM executives and boosters in the Kitchener-Waterloo region, where a local Volkswagen dealership had a roadside sign reading “Good luck RIM on the BB10 launch”. In an era when Apple and Samsung still dominate, every bit of support likely matters.

[Shanerredflag]

“If they get a lot of their existing [subscribers] to buy the new phones, they are golden,” says Mr. Jackson, a hedge fund investor and founder of Ironfire Capital LLC who was previously shorting RIM’s shares.

Going into the launch, enthusiasm remains high – among investors, RIM executives and boosters in the Kitchener-Waterloo region, where a local Volkswagen dealership had a roadside sign reading “Good luck RIM on the BB10 launch”. In an era when Apple and Samsung still dominate, every bit of support likely matters.[/QUOTE]

Love it!..Thanks for sharing.

[StormieTwo]

I don't use margin (or Questrade for that matter) but i'm curious if they also raised the maintenance margin requirement for short sale of RIM?

Does anyone know?

I don't know the answer to this officially but, i would speculate that buying on margin is the same as a call or a put, so yes. QuesTrade knows is going to be a rollercoaster and if tomorrows program goes well a short squeeze could happen. Hehehe, this could be really good news for some...

[Nindia]

I don't know the answer to this officially but, i would speculate that buying on margin is the same as a call or a put, so yes. QuesTrade knows is going to be a rollercoaster and if tomorrows program goes well a short squeeze could happen. Hehehe, this could be really good news for some...

Their change to a 50% margin requirement over the standard 30% is a bearish sign, not bull in my opinion. Short squeeze won't happen until rumors of sales numbers start flying around (IMO).

[duckJAI]

Their change to a 50% margin requirement over the standard 30% is a bearish sign, not bull in my opinion. Short squeeze won't happen until rumors of sales numbers start flying around (IMO).

This is really a hit or miss because if they debut new revenue streams and many more products in the pipeline, this will be a taste of what people can expect.

However if they just said we only have 2 devices for the year and no other revenue streams, then it'll be a sell day for sure.

It all comes down to what else is up RIM's sleeves and what partnerships they have established.

[hamletz90]

Alot's changed eh..

[fedakd]

This is a "platform" launch, not a launch of two cellular devices. Expect to see a LOT of new revenue streams ;-)

This is really a hit or miss because if they debut new revenue streams and many more products in the pipeline, this will be a taste of what people can expect.

However if they just said we only have 2 devices for the year and no other revenue streams, then it'll be a sell day for sure.

It all comes down to what else is up RIM's sleeves and what partnerships they have established.

[timmy t]

If you are buying on margin and the price of shares drops by a large enough amount, then you may not have enough money to cover the loss. They want to make sure you do, just in case, so want you to put more money up front before you buy anything more
Tomorrow and the near future may have great swings in price.

[timmy t]

Their change to a 50% margin requirement over the standard 30% is a bearish sign, not bull in my opinion. Short squeeze won't happen until rumors of sales numbers start flying around (IMO).

They are just covering every eventuality. They don't care one way or another, as long as they make commissions and don't lose money on people who have overextended themselves and lose their shirt.

[duckJAI]

This is a "platform" launch, not a launch of two cellular devices. Expect to see a LOT of new revenue streams ;-)

That's exactly my point.....

[Sqoon]

This is a "platform" launch, not a launch of two cellular devices. Expect to see a LOT of new revenue streams ;-)

I think we will see more clarity on how they expect to monetize BBM.
I am expecting BBM Money going worldwide and probably charging for video chat minutes.

[timmy t]

I think we will see more clarity on how they expect to monetize BBM.
I am expecting BBM Money going worldwide and probably charging for video chat minutes.

No, I'm fairly sure they won't charge for video chat minutes. They don't on the PlayBook. If they did, it would be D.O.A.