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Research in Motion Ltd Message Board

  • jagsfantoo jagsfantoo Nov 19, 2012 7:27 PM Flag

    RIM breaking out into double digits soon.

    The present uptrend that started back in late September, has drawn a lot of attention to this battered stock but the interesting part is that there are around 20% of the stock out there are shorted. The number being touted around is 95 million shares.
    This is causing serious problems for the short sellers right now and there could be an expensive short-squeeze of major proportions over the next 2 weeks, as RIM may rise to over $10.

    Sentiment: Hold