Goldman Sachs upgraded RIMM to 16$ Translation: sell RIMM
Goldman Sachs does not upgrade NOK, but is the biggest NOK shareholder.
Goldman Sachs doubled Number of shares last Quarter, same time beating NOK down.
Translation: buy NOK
Would not be surprised if Goldman Sachs released all those NOK options.
If so it has to manipulate the price down not to loose to much (maxpain).
How can a credible research firm upgrade the rating on a company that at the verge of losing all its market share, does not have a new operating system out, does not have a new phone out. The new software has not been put to the test, has no real advantages over any other OS, has not even been announced on a firm date of release and all we hear is corporations ditching Blackberry left and right.
Even Yahoo CEO saying Blackberries are not smartphones.
Of course it has just one meaning, the firm is unloading positions and going short at the same time.
This one is to remember when RIM gets bought out by MSFT for $4 a share tops.