Lenova will make a bid...Trading confirmed that!!!
I think I know why 200 Million Shares traded hands the day BB10 was release. At first I thought all the chaos was the market’s re-action to the new BB10 phones, but 200,000,000 shares trading hands was way too much for something like that especially when nothing but good news has permeated the air since the stock stabilized with a bottom around 12 bucks. I think the Big boys know that Lenovo is going to come out with a 20+ bid for RIMM and with all the issues going forward why not sell. If all this were shorts positioning to take it to 10, it would have been down a lot again today. By making the share price go down for a different reason was a pretty good idea and it helped me to buy around 12 instead of 17+ if great news would have been the focal point. Anyhow, I am definitely going to buy RIMM on the dips as long as the short activity stabilizes. The only problem is with the software side/OS side of the business.