YES--If goldman S says buy rimm , rim.to then it is huge news. GS has probably made many millions shorting rimm and is one of the most astute trading houses in the world. It would appear they now are going long on rimm-----hopefully it is not just to push it up so they can short it again.
GS trading desks have been one of the most successful in the world.
good luck trading.
pretty impressive given I was almost positive the spin would continue to be a sell because they needed to buy shares to cover. I can admit when I could be wrong. This is bigger news then anyone is realizing here.
It means they want it to run because they still have shares to sell into another run. You saw what they can do when they want it to run. Almost makes me want to move to a strong buy short term.
Buy/hold ( only from a trading view and only short term )
A Quote from the article...
"While the stock has been steadily appreciating over the course of January, it dropped 6% yesterday. Institutional investors have been mulling over this stock for eons, and several firms, including Goldman Sachs, have upgraded it to a "buy". What's interesting to note, however, is that on this certain day people took millions of shares of Research in Motion and ran."
Article can be found on Google Finance
We maintain our Buy rating on the stock and would use the recent 'sell-the-news' pullback to add to positions," said the note. "We continue to see significant upside to estimates over the next three quarters