Broker who has mast me a fortune and has been correct 99% in the past 5 years...says RIM is going much much higher...and would not be surprised if it hits $200 within 2 years....re new product, euro and china sales....mark this post !!
I guess your broker lost you money in the past two years!
Is your broker surprised that the stock is not $200?
Can you post the name of your broker, we want to make sure that no one goes near them.
Well I hoped I saved a few soles from buying this fraud and shorting it for the last 20 months. The only ones who profited from RIMM are the OSC and Balsillie with the back dating options fraud hehe. He got $900 million and the OSC took $100 million didn't they?
This symbol will see $9 at which point I will buy again until it reaches $13. That will be it for me trading RIMM, and most likely will coincide with its removal on the NASDAQ.
I would take it Private and save the embarrassment. It makes cash and lots of it. I assume the $13 bid will come from Canadian Private Equity. I'm hoping they call me...
ha ha and ja ha ja
No one care about the fundamentals that this company is trading for 6 times revenue, has 20% per year declining revenues, a 3 million dollar net loss per year, P/E ratio of -32. Nor do they care that the NIA is ran by Johnathan Lebed, a formerly charged SEC stock pump and dumper
Well I have decided to comment again as I have been right on this fella for 18 months now. Spot on every time.
So if you care I would short RIMM above 17.75.
This four letter symbol is going to tank again. Management has committed the serious crime of hubris in their purchases of equity. Hoping to 'show you all'. They are sorely mistaken and do not misinterpret the dollar value of the equity they have purchased. It is really nothing.
I know people who work here. Moral is low, the brain drain is occurring. It is not cool to work here any longer for the time being. R&D costs and simply maintaining the company are going to eat away at forward earnings and we all know forward earnings are what propel a four letter symbol.
I'm sorry but they have used an irrational, angry, emotional tone in their judgement therefor I would, through experience, find that they will be completely wrong. No money making bet is made on emotion. Heins and Lazardis with his bet are going to learn a very hard lesson.
So will you if you put your money on this pig.