who cares about india. Only one percent of their population can afford a smartphone anyway.One of the poorest countries in the world so poor they still have polio.
sonded more clever than just say shorts are scum just because you don't either know how to short sell or don't have at least $25K to invest.
let me see... first you have a company who was fall behind its competitors and that had a precipitous drop in its EPS in just one quarter ($0.51 currently)then you add that they are having trouble w acceptance of their products (please I don't want to hear about how people that own a playbook think its the best thing ever. Company even acknowledges thsi on their last quarter)then you have strong competitors that are making improvements faster than you and finaly you get some desperate investors that want to get out (or short heavy) and you start rumors about company take over changes in ledership and you get a big runnup for 1 week. Then reallity sets in company does not confirms rumors or releases any news. Then stock prices fall back even harder.There you go. Stay thirsty my friends.
No proof. All I see in this board is people crossing their fingers on RIM hoping to make a 1000% return on their investmen. Sorry to disappoint but it ain't going to happen overnight. RIM has serious problems w their software and platforms and their devices are loosing popularity (proof: rim had problems selling their playbook) I'm sorry but I have an iPad and there is no comparison I have tried the playbook and the difference is like huge.playbook is dull. I know that you longs are waiting on the new black berry's and hoping, and even claiming that it will be the best thing ever but the same arguments were made about the playbook when rim was trading above $70 and look where the stock price is now. Also what makes you think that the other companies are just fermenting and not designing new and improved gadgets. You don't see apple longs claiming about the next iPad or iPhone 5. Apple stock did not tumbled when they came outbw the iPhone 4 S instead of 5. Good luck anyway but stop being so narrow minded please
the sooner the better. RIMM is a short once it's close to $16. I would cash out at this level and then adop the new trend.
news just out and that was your pop. FAke rumors again by Reuters. New CEO unconfirmed sources, could not verify w RIM. Same crap as when they posted buyout. Only & mil of today's 25m and so stock traded today so far are new buys.I will not be holding thsi stock overnight either long or short. Just day trade.
Dont buy ah rally premarketDont vol only. 100k
Or be stupid. Buyimg on a headline that reads tha amazon was contemplating to buy rimm but not anymore and CEO practically saying we won't sell and we can fix our own problems without external help. Fundamentals haven change an this stok technically is still on bearish mode until $10 $9 or until rimm comes w a very good strategy to reinvent themselves. That doesn't happen over night.
No one has to cover anything in 2 days, that is the average time it takes to get even if stock goes high or opposite to a short trade. You can have a short sale open for ever as long you have enough margin. You should take advantage of the pumpin and sell before it drops at the open.
at this point RIMM is now a speculative play. I would buy all the way in just in small increments as the price drops. As you said this stock has been betean to death. Technicaly we are oversold by a lot, but the fact that 52wk low was broken is very bad. I'm ave stop sell at $14. I feel next ernings bad news already priced in and we may see rebound after tomorrow. Currently the MMs are on the loose and SEC looking the otehr way. They are stiring so much volatility to the point that it is disgusting.Wellcome to the new era of robotrade.
this guy should be sanctioned by SEC for false rumors and if rumor were true for insider trading.I'm so lucky this guy was a phoney but this kind of BS has to be punished (for you longs)
Also no stock available to short. buy the dips. GLTA