I am not a professional investor. But if you bought 100,000 shares, you could be a millionaire by mid 2014! (just a hunch)
What's the pop, what's RSI?
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I am not a professional investor. But if you bought 100,000 shares, you could be a millionaire by mid 2014! (just a hunch)
What's the pop, what's RSI?
If you bought 100,000 shares you are already a millionaire. LoL
Pop simply refers to quick upward trend in stock value. So if RIMM is at $12 it could pop to $13 in a single day (8% single day gain). Just like it could slide to 11 due to a sell off, though unlikely.
RSI is Relative Strength Index. It is an indicator of the stocks price value. If RSI is above 70 it means that the stock is overbought and a downward correction is likely, also if RSI is below 30 it means that it's oversold and upward correction is possible. What it also means that if RSI is consistently high, there's still a lot of demand for the stock.
In the last few weeks RIMM RSI has been very high, peaking at near 80 in some days. Lately it has stabilized around 60.
Personally I believe that most profit taking from the original rally has already taken place. New support is around $12 area so the stock has really nowhere to go but up. Unless of course some negative rumors or news hit in which case you could see a huge drop. Which depending on how bad the news is, could be a good thing since it would form a good entry point for a lot of people interesting in buying the stock. It's what's called "buying on the dip".
At current value 100,000 shares would be worth $1,201,000. Though this doesn't include the tax hit if you were to cash out.
Hope this helps.
Do you know how many BB's RIMM will have to sell in order for their stock to hit 100 bucks per share? If I had the time to day trade I would definitely buy shares and sell for a quick profit, but as an investor I'm staying away from this stock right now. With Non impressive quarterly reports (including the next one), there is no good reason for the stock to increase in a substantial way.
Agree.
Wouldn't expect anything different to come from you.
Here is a story in the Globe & Mail. "When Analysts say 'Sell'. Buy.
When analysts sayIf analyst recommendations were worth something, then you would think that the most-liked stocks would dramatically outperform the least-liked stocks. Unfortunately, the opposite seems to be the case, at least in 2012: The 50 stocks in the S&P 500 with the worst analyst ratings have gained 16.3 per cent this year; the 50 stocks with the best ratings have gained 12.7 per cent.
*Shrugs* What's your point?
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Damn! I meant, 10,000 shares! lol.
Thanks! I understand now.
I think about 45 M devices sold in 2013 should bring the stock between $75 to $125. I think that's possible. Color me optimistic.
That's aurora borealis :) ;) :D :party:
Picking up another 250 shares :). Wouldve bought more but another company I used to work at just hit 1$ a share and I'm expectin it raise
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You do realize that 60% of all trades are now HFTs...Analysts articles do NOT influence those computer algorithms...
info : HFTs = high frequency trading systems (means computers reacting under the millisecond based on pre-defined rules).
But still, these rules are set by ... humans. Happily there's still human appreciation behind that (define the rules logic, set the actions parameters, arbitrage in non standard situations ...).
This is what "targets" are made for.
HFT have minimal long term effect on stock price. In most cases they establish a single penny spread with the consequence of encouraging orders to go out as market orders, which means you are giving away a penny. They make lots of money pennies at a time.
Second, if a stock runs up and the short position falls, it is obvious the two things are related. What is not obvious is that it also tends to include profit taking. Thus support levels tend to be materially weaker than at first sight. You can verify what the professional market makers think by comparing implied volatilities between puts and calls of similar strikes and expiries. (Similar strike meaning amount in or out of the money, not same strike price)
Lastly, RIM is not going to sell 45 million phones in 2013. They can't produce that many phones, so it stands they can't sell that many -- at least not in 2013. Also, that would be like turning over half of all existing users in one year. That's craziness.
What's craziness and what's optimism? Is hard to tell around these parts.
Like I said before, I am prepared to eat the metaphorical crow, if the share doesn't go up to +- 25% of $100 by Jan, 2014.
That advice in the headline is ridiculous and completely unsupported by the "study" that the Globe and Mail cited. Take a quick look a the graph in the study and you will see how bad the conclusion is.
Nine times out of ten, when an analyst say buy, run away; but when an analyst says absolutely nothing, that is a buy signal. When an analyst says sell, it's random.
Cynical enough for all of you? :)
Metaphorical crow doesn't mean much. How about actual crow?
Your posts here aren't usually optimistic.
I didn't write it. Merely passing it along.
You may want to write a leter to the Editor of the G&M and see what they have to say.
No.
That's a very good explanation of things. I'm assuming though that you're talking about 45 million BB10 phones, not total phones including BB7. Agree that it would be extremely difficult for them to sell that many BB10s in 2013. I'd be pretty happy with just over half of that.
I can't find the original link, but I read a very comprehensive analysis of RIMM EPS and profit. The conclusion was that in order to meet its $43/ps eoy target RIM would have to ship roughly 35 million devices in 2013. Not impossible, but one helluva task.
Go for 20 Million (real success) and stand to the slow recovery is the best option IMHO.
Patience is the key, rush is the danger. I sincerely hope they've simulated and planned that (very unlikely 40M+) scenario of incredible success.
Would be as challenging as current situation, IMHO. So many challenges ... even appl can "die" because of that.