Thanks for those that understand me.
Some of you are missing the point. Its a not about being short or long its about me leaving. I am not asking for anything nor i am blaming anybody but myself.
Yes, i was short in Jan for few weeks as the stock had like 120 green days in a row but for the last few months i was here every day saying how much i believe in RIM. BUT its also not about that. I am leaving and thats all i wanned to say. No need to hate. I wished EVERYONE good luck.
P.S. Yes, i do like country music.
I am out. I lost everything because i was trading on margin. I lost 80% of my saving and with that i took few steps back in life. I could have bought a house for the money i lost but greed took over and i wanted 2 houses.
Stock market is not about balance sheets or cash flows anymore. Its all bout rumors and greed, where small guys lose 80% of the time. I am one of those 80%. Although i had a nice 36% return last year, most of the time i feel miserable while watching stocks.
Since i am only 30 years old i still feel i have a chance to achieve success in life, at least i keep telling that to myself. Hope is all i have left now.
Here i say goodbye to this forum and to stocks. I promised my wife to never invest in stocks again. I love my wife so much. After i told her that i lost our house she kissed me and said "we will save for another one". No money in the world would make you feel what i felt that moment.
For those that will rush to judge me, save your time. I know i was stupid and i have learned a lot from it. Also, its just a matter of time till this could happen to you. 80% is a big number.
Good bye shorts and long and i wish you that this would never happen to you.
To be honest, i am not sure if they read my letter or not but they addressed me by my name and the rest is the usual auto respond BS.
What do you guys think ? Did they read it ?
I think this will go up if during the conference call they will announce that:
1)Why exactly they hired those bankers
2)That BB10 coming out few month early
3)That they are considering an offer
Any of those would make this stock go up a lot.
No matter how bad the earnings will be i really believe that that has already been priced in. Do you really expect this to drop to 6 or 7 after the earnings ? Thats would be almost 50% drop (its was 11 few days ago) just because of one bad earnings. Insane !
Considering how many people they fired and how many smart people they recently hired. How much they expending overseas and that they have new products coming it - we strongly underestimate this company.
What did the announce last time ? I looked at last earnings and it did not look so great but the stock went up about $1 the next day. Anyone can tell me why ?
I will always be a die hard fan of Blackberry maybe because my last 3 phones were Blackberries or maybe because they are the only ones that offer normal keyboard. Anyways, i hate touchscreen and i know i am nit the only one.
With that said, their market share went down a lot but at the end they still sell millions of phones. I never understood how a company that sells millions and has 18B in rev could disappear. Some businesses would kill to have those kind of revenues. Even if they never be that great again, they still sell products. All they need to do is to cut cost (looks like they are doing that now) and they will be profitable.
No debt and huge revenues and not burning cash (CEO said it will increase) - how can ia company like that disappear ?
And since we lost like 2 points in the last 5 days can someone please tell me what has fundamentally changed with the company ?
Nothing ? Oh... I guess that is pure manipulations than and i dare you to prove me wrong. (Earning warning was release a weeks ago)
Well, shorts got what they wanted. I bet most of them will leave soon as this is almost trading at cash value. This will never be 0. It cant go to bankruptcy as it has no debt and even liquidation would bring more money than we are trading at. They know that and even the biggest scamers like Cramer knows that, and that's why he covered and now slightly pumping the stock.
Someone group of shareholders will sooner or later have a lawsuit against RIM. I am sure they can find a reason.
I want it :)
I want my money to come not from shorts but from these incompetent managers.
Hmmm thats an easy one. Iphone is being build overseas by people that make $0.8 an hour so to build one Iphone take about $3.4 in labor cost.
While other company hire local employees and provide local jobs. Do you see where i am going with this ?
People are not shorting this thing anymore.You need to be brain dead to short this at this level or feel very lucky. Its scared longs that are running for cover. I totally can understand them.
So the way i understand (and hoping that it will be), they had their regular revenues but once again writing off a lot of stuff. Which is kind of good for the company but not for the shareholders.
750millions in inventories will guarantee that we will have 3 more bad earnings, am i understanding this right ?
Looks like they are doing everything right (getting rid of access weight) and in the future this company will be lean and mean. Great ! But what about now, what about the next few earning ? Looks like we are on our own with no incentives to hold it! Right ?
I understand all that but the stock is dropping $2 every month. Its easy to wait when the stock price is holding or increasing but when its dropping like that its hard to wait. They are loosing some loyal people that been with RIM for a long time. With their silence they are punishing every shareholder that believed in RIM.
RIM has lot of things but time is not one of the,.
Anyone is really good with accounting here ?
If yes, maybe someone can give me few scenarios how their cash could increase while they dont make money.
I am guessing write off a lot of inventories and goodwill. They did write off a lot of goodwill last time so how much more can they do that ?
Maybe they sold something like patents or something like that ?
I am looking for possible scenarios. Thanks
Shorts: I want you opinion too but only if you can keep a normal conversation.
Look, you need to understand that long (including me)are frustrated with RIM. It just keeps dropping and dropping. Does it really matter if it trades at 10 or 9 or even 8 ? Management doesn't really care so what convinces people to buy it ? If they really believe in the company and BB10 they can buy it 3-4 months from now and now just wait and see how low it will go.
There are no incentives to buy this now. At this point i wish i rather had my money in FB (even tho i believe thats a terrible stock).
I am not saying that i am selling now but i concertedly understand longs that do.
Shorts: put your ego down. Its very easy to lower a stock price when you sell (short) 70million extra shares.
Longs: our message must be heard by management. Shareholders are here only to make money and they are not. I am sure there are many like me that think that way. I wish there was a way to organize and send a loud message to our management. But who will listen to us little guys ?