RIM Maintained `Strong Buy' at Scotia Capital
Toronto, Aug. 26 9:36 (Bloomberg
Data) -- Research In Motion (RIM CN) was maintained
``strong buy'' by analyst Michael Urlocker at Scotia
Capital Markets. The 12-month target price is C$50.00 per
Research In Motion Reiterated `Focus Buy' at Griffiths
Toronto, Aug. 26 10:17 (Bloomberg
Data) -- Research In Motion (RIM CN) was reiterated
``focus buy'' by analyst Howard Lis at Griffiths McBurney
& Partners. The new target price is C$60.00.
Canadian Equity Movers: Bid.Com, Datamirror, Methanex,
Toronto, Aug. 26 12:32 (Bloomberg) -
Canadian stocks fell as investors fretted that the 6.4
percent advance by Toronto's benchmark index in the last
11 days overshot the outlook for profits. Gold
producers rose with the price of bullion.
Toronto Stock Exchange 300 Composite Index fell 29.13, or
0.40 percent, to 7193.50.
The following stocks
are making significant gains or losses in Canadian
markets. Symbols are given in parentheses after company
Inflows and outflows represent the difference between the
value of trades made at a higher price than the
previous trade and those made at a lower
Such money flows show whether people are willing to
pay more for a stock that's rising, or to sell a
stock that's falling for less. If they aren't, it's a
signal that the share price may soon.
Motion Ltd. (RIM CT) fell C$1.05, or 2.4 percent, to
C$42.50 and traded as low as C$40.55. A complaint has
been filed in a U.S. court against the Waterloo,
Ontario-based maker of interactive pagers and wireless
communications alleging that the marketing of some of its
products infringe on a patent held by another
I first notcied this company in the Toronto
newspapers on a recent business trip to Canada. It looks
awfully good -- and the Barron's article will help a lot.
I do NOT currently own the stock. I feel it will
still pull back a bit. I will likely buy it in a few
days. I think it will be too richly priced on Tuesday
and, in any event, NEVER buy a Barron-rated stock in
the first hour of trading -- it usually goes down a
bit after that.
The article in Barron's is an interview with the
#1 international manager YTD and for 12 months. Here
is the excerpt from the interview pertaining to
RIMM: This should make the stock fly!
Anything else in Canada?
A: Research In Motion, which
trades here under the ticker symbol RIMM, has been one
of our best-performing stocks over the past 12
months. Since we bought it in 1997, it's been a
proverbial 10-bagger. It recently was C$44.50. We see
earnings of 80 cents Canadian in the year to February
2000, against 35 cents in fiscal 1999. Our target is
RIMM makes a two-way pager with a small keyboard. The
device fits into your shirt pocket and can access both
e-mail and the Internet. Fidelity Management & Research
cumulatively owns 10% of the company in several portfolios,
and features its advanced wireless product in one of
Among the company's U.S. customers
are Bell South's wireless data network and American
Mobile Satellite. They're talking to Internet service
providers, and are said to be Michael Dell's favorite
A: We think he'd like to slap the
Dell Computer name on RIMM's advanced pagers and
ultimately incorporate them in a small remote computer
that's hooked into a network.
will it be big enough to justify $2B in current
will it be big enough to drive sales
beyond the 73c/shr
vs the share price of
i've known about RIMM for less than one hour and i'm
not impressed. after visiting the RIM web site, i
seen anything i haven't seen before, wireless modem,
reseller agreements, two-way pda/pager integration. what
the world has everybody so excited? does anyone here
think that ardis, mobitex or any proprietary radio
possibly be anything other than a
footnote to history once
3rd gen wireless voice/data
stds are in place? are X million
looking for wireless svc really going to switch
blackberry? if yes, any chance COMS won't reduce palm
prices? btw, how many posters here have tried the device
and will pay the $39 every month (of own money) to
how many actually returned it under rim's
money back guarantee.
could help getting RIMM past its 30 - 31 trading
range over the past 2 weeks. In an interview with
Howard Sharon of Warburg Pincus, he picks RIMM as his
top Canadian pick for the next 12 - 18 months with a
target of $C 65.
A happy and safe long holiday
weekend to all, WLM
Above the 5 day moving ave, New High, ascending
triangle, coming into a week with billions of $$$ waiting
to jump on the wagon, NOT to mention a fundementally
GOOD stock, i sure wouldnt want to try to stop this
train!!!! For the ones who are LONG congratulations!!!!!
for the ones who are not, cant say im sorry theres
been plenty of SIGNS. have a good weekend CMTN
RIMM will release a new product that will blow
the doors off of its competiton. COMS is shaking in
its boots........ They may need to be bought by LU in
order to fight off this one!!
will be Jan 00...Keep your eyes and ears open for
This will be BIGGGGGGGG!!
"It is interesting that you have a 12
mnth chart on NASDAQ but there is only data since
March 99 ?
There is no graph before
The 12 month chart is for RIM on the Toronto Stock
RIM:TSE is for 12 months, and since you seem to want an
even longer term of a chart here it is dating back to
RIMM didn't start to trade on the NASDAQ until
February 4th, 1999
thus the chart is from the day it
started to trade. Can't pull numbers from where there
Just how long have you been
interested in RIM?
Why do you always question me
regarding information that I post, do you own any shares at
all, or are you shorting? Just ask the last batch of
shorters what happened to them. This is one stock that
swings wildly and I wouldn't dare short it.
"Some key words with Caps ...and some
AND stop reading something that isn't there with
regards to my posts, capitals or no capitals.
just figured it out, you have to go back to school
next Tuesday, don't you. You're just a kid, right?
Unless you are investing short term. With the
market being so unstable today, these price variences
are not because of company performance. The charts
provided shows both RIMM:NASDAQ and RIM:TSE are above that
10 day moving average line. Thanks though for your
post, looks like you and rat both work on the charting.
Let's see what happens after Sept
If I could have I would have also placed the 200 day
moving average, but I am limited to 3 values in this
It is my belief that you also need to keep an eye on
the way RIM is trading through the TSE, on this one
it is relevent.