View Poll Results: Did you buy shares ?

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  • Yes, I'm acting now !

    694 62.52%
  • No

    416 37.48%
  1. TomJasper's Avatar
    Published Thursday, Jan. 31, 2013 8:42AM EST
    Last Updated Thursday, Jan. 31, 2013 9:09AM EST
    After a nearly 12 per cent drop in the price of Research in Motion shares when the company unveiled its new BlackBerry 10 devices, investment firm Goldman Sachs is recommending investors scoop up the stock.
    Research in Motion -- now officially rebranded simply as 'BlackBerry' -- released its long-awaited BlackBerry 10 operating system Wednesday alongside two new smartphones, the BlackBerry Z10 touchscreen model, and BlackBerry Q10, which has a physical keypad.
    Though reviews have been mostly favourable and the company's stock has been climbing dramatically in recent months, it took a tumble shortly after the announcement, closing down 11.78 per cent to $13.86. In the run-up to the big reveal, shares hit a high of $18.49 last week. In September, shares had been trading at just $6.10.
    But U.S.-based international investment firm Goldman Sachs didn't appear to be worried on Thursday morning. In a note to investors, the company recommended the BlackBerry-maker as a solid investment.
    "We maintain our Buy rating on the stock and would use the recent 'sell-the-news' pullback to add to positions," said the note. "We continue to see significant upside to estimates over the next three quarters."
    Kane said the drop in stock isn't a sign that the new operating system and phones are not being warmly received. Rather, it's a result of investors who purchased shares in the lead-up to the announcement, then sold them the moment the announcement was made.
    "Speculators frequently do invest in a stock ahead of a planned announcement and routinely sell the moment the announcement is made in an effort to lock in that profit, and that's what happened yesterday," Kane said.
    Some analysts speculated Wednesday that share prices dropped on the news the phone wouldn't be available in the U.S. until March.
    The Z10 will be available in Canada on Feb. 5, with the Q10 to follow shortly after. It's expected that the Z10 model with be priced at $149.99 on a three-year contract.
    "Today represents a new day in the history of BlackBerry," CEO Thorsten Heins said at the Manhattan launch Wednesday, before unveiling the new devices and demonstrating the built-in-house operating system known as BlackBerry 10.
    The new phones, which were originally set to be released last year, are seen by some analysts as a make-or-break product for the Waterloo, Ont.-based tech company.
    RIM arguably invented the smartphone, but Android and iPhone have moved into the lead in recent years, setting the standard for touchscreen technology and smooth Internet browsing -- areas where BlackBerry devices have struggled in the past.
    Although Heins announced his Waterloo-based company was dropping the Research in Motion moniker in favour of 'BlackBerry', the stock continues to trade under the symbol RIMM until Monday, when it will become BBRY on the Nasdaq Stock Market.
    01-31-13 11:04 AM
  2. plasmid_boy's Avatar
    No cash available right now. But should we navigate around the $10-11, I guess I'll find some to double my position (remember, I'm talking about 150 shares : this is not an advice to do the same).
    I am still OK because I got in about $6. Wish that I have extra cash to buy more now.
    01-31-13 11:30 AM
  3. drummer_god's Avatar
    very good sign, the stock seems unaffected by the usual 10am dip.
    01-31-13 11:32 AM
  4. Superfly_FR's Avatar
    very good sign, the stock seems unaffected by the usual 10am dip.
    Time for you to have a coffee, a little walk, some family calls and breathe
    We're long, aren't we ?
    spike12 likes this.
    01-31-13 11:35 AM
  5. prozart's Avatar
    Not sure if anyone has posted this, I didn't see it in the last couple pages. But in case any of you were unsure, this article is based on his stock analysis
    01-31-13 11:49 AM
  6. drummer_god's Avatar
    although, that article was released today, it seems to have ben written pre-launch.
    01-31-13 11:54 AM
  7. drummer_god's Avatar
    Time for you to have a coffee, a little walk, some family calls and breathe
    We're long, aren't we ?
    i've been on the phone with Rogers, trying to grab a Z10 for $39.
    seems the Z10 wont be listed in the promo until FEB 5th.
    01-31-13 11:55 AM
  8. herol's Avatar
    Yesterday after viewing the presentation which was not what everybody expected and after that when the stocks gone down, I was losing my faith. I bought at 12 and I was playing CFD I had a very good profit when the numbers was 18 but yesterday I lost money( I am -€10000).
    Today(because I was busy to watch stocks yesterday) I watched the review of Q10, and I think that this device will save BlackBerry. I was thinking to buy Z10 but I will replace my 9900 with Q10. If the rumoured 2100mAh battery is true, this will be the BlackBerry which so many loyal people wants, modern OS and robust hardware with best battery life on the market.

    Also I wish this tread to stay alive and to thank SuperFly for open it, because I believe in BlackBerry and truly think that we can make good money with BalckBerry. Or we can start another specialised group for people who like to invest, not only in BlackBerry stocks. There are plenty of professional advisers here and together we can make the right choices.
    01-31-13 12:03 PM
  9. drummer_god's Avatar
    up at $13/share again on TSX.
    01-31-13 12:04 PM
  10. Superfly_FR's Avatar
    i've been on the phone with Rogers, trying to grab a Z10 for $39.
    seems the Z10 wont be listed in the promo until FEB 5th.
    That's a good time then
    01-31-13 12:05 PM
  11. Superfly_FR's Avatar
    up at $13/share again on TSX.
    Ok, ok ... I see where you want to go ... let's try this

    (hope one day the interwebz won't show me ridiculous i was lol)
    nukemango likes this.
    01-31-13 12:08 PM
  12. njblackberry's Avatar
    Under $13 on Wall St.
    01-31-13 12:08 PM
  13. Bilaal's Avatar
    Just peaked at $13.20 on the NASDAQ, it's creeping around the $13 margin.
    drummer_god likes this.
    01-31-13 12:28 PM
  14. herol's Avatar
    01-31-13 12:41 PM
  15. drummer_god's Avatar
    Thor did a fantastic job on the today show.
    maybe the launch gives them 1 month to go showcasing this phone to all the media outlets in the states to build appeal and desire for their release date.
    not to mention, work out kinks and add apps.
    01-31-13 12:48 PM
  16. lorax1284's Avatar
    I don't mind being a beta tester when I pick up my device (in Canada) and use it for a month... I hope there's a way to easily submit DRs ("Defect Reports" for those who aren't QA experts) so that the US launch goes even more smoothly.
    Superfly_FR and robkd like this.
    01-31-13 12:55 PM
  17. chrysaurora's Avatar
    I don't mind being a beta tester when I pick up my device (in Canada) and use it for a month... I hope there's a way to easily submit DRs ("Defect Reports" for those who aren't QA experts) so that the US launch goes even more smoothly.
    Yes, I wish there was a way to submit DR's. But there isn't. I created a thread about it here - maybe you could make your suggestions/defect reports in that thread? This thread is mostly about stocks.
    01-31-13 12:58 PM
  18. mrfreetruth's Avatar
    Research in Motion (RIMM) shares have continued to trade down by 80 cents, or almost 6%, at $12.98 following yesterday’s introduction of BlackBerry 10 and the Z10 and Q10 smartphones as much of the feedback from the Street has been from those with the more bearish views on BlackBerry’s prospects, even if the response from the technical press has generally been positive.

    But this morning, Goldman Sachs’s Simona Jankowski reiterates a Buy rating on RIM shares, and a $19 price target, urging investors to “use the recent ‘sell the news’ pullback to add to positions.”

    We continue to see significant upside to estimates over the next three quarters, as BB10 devices drive upside to the Street’s ASP and margin forecasts. With 110 carriers completing lab testing by February, 50 carriers offering integrated billing, and Verizon getting an exclusive for the white Z10, we continue to see strong carrier support for BB10. Consumer adoption will decide the ultimate outcome, but estimate revisions should be a positive catalyst in the meantime.

    Jankowski does the math on what the U.K. retail debut of the Z10 today, and the February 5th Canadian debut:

    Using Gartner data, we estimate that the UK and Canadian markets represented about 15% of BlackBerry’s quarterly device shipments, or approximately 2mn units. Assuming that the company has 1 month of devices sales and captures 20% market share within the two regions (slightly above its max market share of 17% in 3QCY11), we estimate BlackBerry could sell roughly 1mn BB10 devices in its February quarter. This does not count the UAE, other regions, or potential inventory sell-in in the US market, which could provide further upside.

    Jankowski thinks application support for the platform is “off to a good start:

    BlackBerry delivered on its promise that its BlackBerry World apps store would have 70,000 apps. It also highlighted support from several marquee apps, including Facebook, Twitter, LinkedIn, Foursquare, Skype, Amazon Kindle, Angry Birds, and others, as well as support for music and video. Over half of the 70k apps have native support.

    Jankowski ticks off some of the novel features that caught her attention at yesterday’s debut:

    Consistent with BB10s browser superior performance on industry benchmarks – the Ringmark and HTML 5 tests – our preliminary tests show it to be much faster than leading competitive offerings. Additionally, while the company provided a full demo of the BB10 OS, we believe the details around Hub, Flow, Peek, and Balance were largely known. BlackBerry believes its Keyboard functionality will be a key differentiator, with the capability to ‘flick’ entire words to the screen with a single thumb. It can also recognize multiple languages within a single text or email. In what we viewed as one of the most differentiating new features that had not yet been leaked, the company introduced BBM (BB Messenger) video call capability, which allows a user to share a camera and screen, sharing documents, screen shots, powerpoints, etc. during a video call. Additionally, newly announced BB Remember is an application that can save websites, photos, or other data and separate it into folders, providing a single source point for various projects, themes, or topics. Also newly announced BB Story Maker allows a user to compile music, titles, credits, video, or photos into a sequence or slideshow and then share with other users. BlackBerry also demoed the Camera functionality, which includes user operated focus and touch-anywhere picture taking. It also incorporates Time Shift (the ability to adjust faces/objects within a photo immediately after it is taken) and Picture Editor (background formatting, cropping, etc). TimeShift was previously known, but is another key innovation that differentiates BB10 from others.

    Jankowski has an $11 sum-of-the-parts, a 70% probability assigned to her “fundamental valuation of $17″ and a 30% probability for her “bull case,” and a 15% probability for a $29 take-out value.

    RIM: Goldman Pounds Table on Z10, BB10; Upside to Estimates - Tech Trader Daily -
    morganplus8 likes this.
    01-31-13 01:02 PM
  19. morganplus8's Avatar
    Hi guys!!

    I'm still alive but I can't say much for my stock account, weren't you guys suppose to hold things for me while I was out of it? What happened? Is this how you treat follow RIM investors? Just kidding. Unfortunately for me, I haven't read anything yet so I'll have to spend some time this weekend catching up on all of the thread here. I'm sure no one on this thread is too happy right now. I will post a simple chart just to show you where we are at right now, without the benefit of knowing what you have to offer, so here goes:

    First of all, the chart:
    The BBRY Café.  [Formerly: I support BBRY and I buy shares]-rim-jan-31-2012-chart.jpg

    It appears that we tanked early in the day, after a brief rally, and sold down to the lows at the close, .... opened hard this morning and now we are at the bottom of the channel and looking for support in here. What I left you with on my last chart (Monday?) was a stock price just below $ 18.00 with a $ 19.00 upside target and no support??? I'm not even sure about this as I was unconscious for a couple of days now. LOL

    In my defence, I believe I mentioned that we had nothing to support us but perhaps the 10-dma on that day, forgive if I'm wrong here. Doesn't matter, because we now know, there wasn't any support there as we are at the bottom of the rising trendline and looking to hold about $ 12.90/shr.

    So let's see, we had only a $ 19.00 upside and a $ 5.00/shr plus, downside and guess which way they chose to go. The Feb 2 settlement Puts were so cheap yesterday that they bought them up and hammered the stock. I would guess that the short position is up by a ton of stock today based upon the volumes we are seeing. Awhile back, I mentioned that we would need to see 200 million shares or more to know that the shorts were covering. I didn't mean while the stock was selling off. Today, we are simply at the bottom of the channel which happens every month and can be traded. If you were clever enough to load your account up this morning you are looking like a genious here. I got caught up in all of this by failing to protect my account while in surgery so I'm going to have to ride it out now. The best scenario is to see the stock hold the uptrend line for a couple of days and start its rally to $ 19.50/shr this time around. Yes that's right, if the stock stays inside the channel, we are going to new highs in short order here. This move was computer driven and the move up will be the same thing.

    For now, I'm extremely bullish on the stock unless it fails to hold todays uptrend line. I can't imagine why it wouldn't hold as we do this all the time as scary as it looks, it is normal trading. Best of luck, I'll try to get caught up here and edit my message once I have all of the facts. Oh yeah, I can't wait to buy the phone, is it good??? Cheers
    cjcampbell, q649, dusdal and 10 others like this.
    01-31-13 01:06 PM
  20. morlock_man's Avatar
    Nice to see the current bottom of this stock is still around double their lowest point.

    While it's completely possible to be wrong, I'd imagine it'll close tomorrow on a much higher note. The Canada/China launch next will help build some major momentum, and the UAE release the next week should continue that. It's interesting to see people lining up for a BlackBerry product. I don't know if thats every really happened before.

    In light of the US delay, the Super Bowl ad seems to be the next big thing to make people salivate over the platform. I wonder how many Americans might make a trip across the border next week just to pick up a few.
    morganplus8 likes this.
    01-31-13 01:07 PM
  21. njblackberry's Avatar
    Uh oh - please everyone, don't overhype and sensationalize the Super Bowl ad.
    You did that before yesterday and many were disappointed.
    01-31-13 01:10 PM
  22. morlock_man's Avatar
    Uh oh - please everyone, don't overhype and sensationalize the Super Bowl ad.
    You did that before yesterday and many were disappointed.
    Uh oh. Don't cry just because you've been a hater in BB-fan clothing for ages now.
    01-31-13 01:19 PM
  23. cgk's Avatar
    I asked this in the other thread, so I'll ask it here - find a picture of a queue outside a store where there is no celeb - then we are talking. If we are using queuing as evidence of some ground-swell that will lead to high volumes, then we should find queues at multiple stores not a single store with an added attraction.
    01-31-13 01:22 PM
  24. chrysaurora's Avatar
    Thanks, morganplus8 for the bullish note!

    So, morganplus8, you are saying that stock should go back to $19.50 in short order. Does that mean a week, two weeks, a month?
    Also, are you still expecting a 'short squeeze'? And if it does happen, how much do you think it'll affect the stock price? 10%, 20%?
    01-31-13 01:24 PM
  25. morlock_man's Avatar
    Its day 1.

    If it was an iPhone people would have been camping out days before because Apple loves to get that kind of media coverage, but this was launched yesterday.
    01-31-13 01:28 PM
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