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BlackBerry Limited Message Board

  • MINCE38 MINCE38 Nov 15, 2007 2:37 AM Flag

    Why did apple drop almost exact % amount?

    This indicates9not proves) that the selloff today has nothing to do with RIMM but the market is skittish with economic indicators being released tomorrow. I do maintain that if you look at the weekly chart on both this astock, apple, naz and dow.....we are definitely in a down trend for rest of the year. I think santa claus aint coming this christmas. The first thing many insititutions want to do is stay on the sideline to get an estimate on how bad the damage from subprime will be. E-trade doesnt give anyone any confidence as they could be going chapter 11. That said, Warren Buffett is just bought 400 m shares of bank of america so we have all this conflicting stuff to add huge volotility to the markets till end of year. Day traders will make out like a bandit these next few weeks. I admit I am short RIMM starting today at $116. Great product that it is, I dont see more people in south florida using it than last year. In fact, my sister gave me a blackberry as a present and its still in the box. Who needs it? My cellphone on the go and my computer at home is more than enough A.D.D. time for me. I see growth slowing in the usa dramatically. JMHO.

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    • you know the saying.... the market leaders are the last to roll over at tops, and the higher they've run, the harder they fall.

      dow theory - a close below the aug closing low switches us to a primary bear market.

      $indu, $spx, $compx - 10day ema looks to have turned to resistance instead of support.

 
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