I have a feeling the stock is going to go up on monday. People like the OP are itching to buy RIMM like myself which will drive up the stock. But it will eventually go back down to around $20-$22. I cant see it going under $18 but if it does i will not be putting money into it until the release of the next smart phones.
Like others have stated. Dont buy unless you're willing to wait at least a couple years to sell. If QNX turns out great and comes sooner then expected. You can see this stock hitting $75-$80 again. Only time will tell. RIM needs change!
So much for going back up on Monday. Many other tech stocks are down as well. When I read about the lose of the marketing leader Friday it was clear the stock would continue dropping.
I think it will level off mid-week as long as the implosion within RIM halts.
In the end as long as Jim and Mike are still in their current positions RIM will continue to have stock and product execution issues.
After hearing them on this last call most, if not all investors have lost faith in these two ever coming to grips with the issues before them.
Jim Balsillie and Mike Lazaridis would try their best to "buy back stock" in order to keep it from falling below $20.00 (has of 1:33pm Monday June 20, 2011 it was at $26.36 and falling) I wouldn't be surprised if it does dip near $17.50-$18.00 soon. No real true sales numbers from Playbook, NO smart phone until at least end of August...and RIM exec's flying out the door almost daily. Some on here are making light of this, and I guess that's ok, since Jim Balsillie and Mike Lazaridis and some other high level RIM exec's will be fine. But what about the investors? especially the ones in June 2008 bought RIMM shares @ $148.13, and now they're plummeting to $26.36 a share. theses are real peoples investments, some their life savings. And the arrogance shown by Jim Balsillie and Mike Lazaridis Thursday, shows their contempt or "dint give a damn" attitude to the shareholders.
This stock is different then most. You have to be in it for the long hall to see a profit. Besides, I doubt he wants to put his whole life savings into RIMM. Nothing wrong with spending $500-$1000 to see what happens...
I would not suggest that anyone would put life savings in stocks. I use cash I'm prepared to sacrifice and go live life. Check back periodically. Ride it.
I would not suggest that anyone would put life savings in stocks. I use cash I'm prepared to sacrifice and go live life. Check back periodically. Ride it.
I have 20% of my retirement plan in stocks. As I get close to retirement I'll change that. For situations like this one arise, I study whether to buy, separately. But it's always cash I'm prepared to sacrifice.
