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BlackBerry Limited Message Board

  • wazoo_wazoo_wazoo wazoo_wazoo_wazoo Jan 27, 2013 10:05 PM Flag

    Motley Fool has predicted a RIMM 'Long Squeeze' for this trading week

    The writer is saying that the stock will trade lower at the end of next week at the close of the market on Friday February 1, 2013, than the current price per share of $17.54.

    Motley Fool:
    Let me once again whip out my trusty, dusty, and occasionally accurate crystal ball to make three calls that may play out over the next few trading days.

    1. Research In Motion will close out the week lower
    Research In Motion (NASDAQ: RIMM ) investors have been circling Wednesday on the calendar for a long time. The smartphone pioneer is unveiling BlackBerry 10 on Wednesday, and the shares have rallied in anticipation.

    The glimpses of BB10 that the company provided last year were promising, but is it enough to undo Android's momentum? If even Apple's iOS is struggling and the heavily financially backed Windows Phone 8 rollout in the fall didn't generate much of a buzz, why should a fading mobile platform make things interesting?

    We don't know, and we really won't know this week. If RIM shares drop this week, that's just a sign that the stock that has run up too high, too soon. Even if BB10 does turn enough heads to ultimately get RIM back on the map, the "buy on the rumor, sell on the news" speculators who have bid up the stock since last year's bottom will start bailing to lock in their gains.

    Let's call this one a long squeeze.

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