08-31-11 11:43 PM
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  1. Charlieo132's Avatar
    More then likely the reason the stock is up so much is the company wasn't as bad as everyone thought in the first place. On the low end of company estimates the stock should still be at $43.

    Everyone just ganged up on the company bc they dont understand that the world is bigger then their own backyard.

    I'm sure that people leaving those other two devices for the BlackBerry is helping out the sediment also.
    08-30-11 09:11 PM
  2. stackberry369's Avatar
    Rim is a broken stock,not a broken company.

    Posted from my CrackBerry at wapforums.crackberry.com
    08-31-11 12:10 AM
  3. SurrealCivic's Avatar
    The stock is up because RIM got on the 'back to school' bandwagon with the new OS7 devices when it was said during the last earnings call that they would miss the back to school season. This is now being priced into the stock.

    Coupled with the stock being technically oversold, therefore when it bounced it crossed the 50 day moving average and people jumped on. This will most likely occur up and until the Sept 15 earnings release, when again the stock will be priced accordingly to their earnings compared to the competition. Remember, that even though global economic growth is slowing, the smartphone market is growing. It might NOT be growing as fast as it could be due to this slowdown in global growth, but it is still growing. Therefore, if RIM does not show growth comparable to the competition and also to their forecast, then the stock price will most likely suffer.

    Buy on rumor, sell on news? Quite possible, we'll have to see on Sept 15 when earnings release happens.

    08-31-11 11:43 PM
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