NOK (Nokia) downdraft. NOK is down double digits today. RIMM appears to be taking some shrapnel
You have to ask yourself the following question. If NOK is tanking (it's $2.38/share) even with all the support that Microsoft is providing then what chance does RIMM have with an OS that is not even launched?
Yes that is exactly the question and the answer is $0.
RIMM would be worth $0 that's how much and that is no Joke. Good thing they own Real Estate and some tangible things to sell.
In all reality I would expect RIMM to languish in the 7's for about 2 years from here. Or by then with out cash, it may have to file for bankruptcy. Sounds crazy to some people now - watch how time changes that.
Just like yesterdays buyers and holders have now become believers and dreamers - holding on for todays turn around hehehe.