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BlackBerry Limited Message Board

  • kevinvests kevinvests Dec 2, 2012 11:10 PM Flag

    Reasons to Short sell RIMM

    1) Earnings is released on 12/20, just15 trading days to another massive selloffs. The only question, how big is the loss.

    2) Iphones and androids setting record sells, with 5 years of constant revisions of models after models.
    BB10 is the first copycat of iphone; it will fail miserably.

    3) Institutional dumping will happen before BB10 release, the reason is because holding huge volume of shares competing to sell after the release could spell disaster for these institutions. Trying to sell 50 million shares when 500 million float shares are placed on sell order, will be a nightmare. Hence, this is why we see the unjustified pumping for the last few weeks. They pumped and dumping before the release of BB10.

    4) BB10 under best condition will trade like NOKIA. BTW NOKIa has more cash. Previews of BB10 include "lacking apps", "slow access to mails", and "slower than iphones/androids and not as user friendly". So what are we pumping about?

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