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ShortSqueeze

Registered: May 2009
Posts: 40

11-07-09 03:36 PM

I was thinking about buying some and putting it away. it is down 40% from its high.

Suggestions?

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ptrjon

Registered: Dec 2008
Posts: 47

11-07-09 06:56 PM

I like the idea of buying and holding for a while, but it's certainly a risk.

the big question-mark for me is the iPhone. A lot of RIMM's money comes from corporate use of blackberrys... the question is will that market share increase, or will companies start using the iPhone for their business wireless phones?

I use a blackberry curve and I love it. RIMM recently acquired a wireless browser software company- i'm looking froward to seeing a software update...

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moonlightxpress

Registered: Jan 2009
Posts: 87

11-07-09 11:40 PM

rimm doing china will give it ten points easy..it will happen

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baller1069

Registered: Mar 2007
Posts: 127

11-08-09 04:32 PM

I know an equity analyst that works for Gluskin Sheff in Toronto (David Rosenberg's new firm) and he wouldn't touch RIMM with a 10 foot pole right now.

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optionsrun

Registered: Nov 2009
Posts: 8

11-08-09 06:03 PM

I would not buy RIMM until it breaks 50.00

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lurefo

Registered: May 2004
Posts: 1321

11-08-09 06:47 PM

Technically, the 60/65 zone has been critical since last year.

If you're only playing the long side, I would first want to see strength with a clear weekly break and close above 65 to build a long position with a target at this year's high, imo.

Good trading.

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