When should I buy RIM stock?
Hello Crackberry Nation
I have about $700 (I know its not much) that I want to invest in RIM. I waited until their latest earnings report came out as I predicted there would be some sort of hiccup for the quarter and turned out to be right (service revenues) with the stock dropping more than 25% in one day from a 3 month rally which saw RIM more than double its market cap. Although the service revenue is a fundamental change so I do see some merit behind the huge drop last Friday, I realized much of the fluctuations on RIM occur due to speculation from analysts and banks (which I hate by the way). So my question is when would it be a good time to buy? I believe firmly that BB10 is a game changer and I plan on going long with this stock. However I still want to maximize my gains so I want suggestions on when a good entry point would be.
I was thinking maybe after new years? Since that's when many people adjust their portfolios.
Also do you guys think RIM will announce exactly how the service revenue tiering will change before the release or BB10 (so sometime in january) or during their next earnings release.
I value your opinion guys! And let's all make some money when RIM is on its way back to the top!