im long some RIMM

Did you already drop your position this morning? Looks like it got up past $59 on a price upgrade from some firm.

I've been trading this one over the past month; looking for a dip to get back in.
 
And a little birdy told me that it will hit $873 by next month. Comon man, if you post stuff like that, then post the link. We want to know exactly what people are saying and discovering about this company. And we also want to know what their credentials are. Thats the point of these forums. To cut thru the crap and really know what is what so we dont loose money trading on unknown info.
 
SWKS makes radio chips for cell phones and they dont do to bad. But they warned yesterday that revenues will drop 20% next quarter and their stock is up today over 30%. Unbelievable reaction. Who could have figured.

Folks, we are on a bottom fishing tear rally up. Congress gridlocked, AND the jobs numbers sucked, and we still shoot for the moon.

Just goes to show, when things are so friggin oversold, it just cant belp but leap up at the drop of a hat. So how in the world are we ever going to get to 7500 without another 9/11 style event.

Beats me... So bottom fish and enjoy...
 
Ok folks. Right this minute, I really dont know which way RIMM is going. So, when I get in this predicament, I got long and short an equal amount. And thats what I am. We hit our head against 60. certainly very temporary, but its a Friday with a big run up. When we get some kind of a pullback lower, then Ill dump the shorts so my rise again makes more money. It keeps me in the market with no gaps as I play both ways and cuts my trade commisions in half. If it surprizes and heads further up, Ill add more longs to scalp. :cool:
 
I have been very busy trading shorts and longs on both ends of 59. But there comes a time when im now fully short and will ride a pullback. Its friday. People are going to take their gains. Its expected to take a little breather before moving up further. We still have 4 weeks till earnings and buyers are going to be leary to go much farther without a pullback. After it comes down a spell, Ill start buying back in so I dont miss out on the push before earnings.

Also sold half of NOK, it did good and if it pulls back Ill buy a little more. Its still close to lows so no point farting around with those shorts while market is uptrending.
 
Research In Motion: Positive momentum in first 2 months; tgt raised to $57 - UBS (59.71 +2.91) -Update : Earlier, UBS raised their tgt to $57 from $42. Firm says on the whole, firm's checks looking in the past two months indicated positive momentum for RIMM. Firm believes hardware may be tracking toward the higher end of its 7.5-8 mln unit guidance. Feb promotional activity may be a swing factor for subs and Verizon's New Buy 1 BlackBerry, Get 1 Free promotion through March may help to some extent. Regarding Storm, firm's survey of ~50 stores suggests that return rates for Storm were initially higher but levelled off, with Curve the most recommended alternative. Firm's primary concern remains the weak macro environment. M-Flex, a RIMM supplier, which preannounced positively in Jan citing customer demand strength continuing into its current qtr, reversed its outlook last night and indicated "softness in customer orders" "across the board".
 
Well once again Im left scratching my head wondering which way its going. So I hedged my shorts at 59 to protect their profit. Now Ill sleep good. If it gaps up, Ill just add more longs and watch what happens. If it gaps down, Ill dump the short and add more longs. Sometimes you never know till it just happens. Congress is really fighting now so its looking like the Auto fiasco all over again. No telling what monday is going to look like from here.:confused:

Thats good info on Rimm you posted. Ill have to dig into MFlex and learn all I can about them.

I also been looking up more on PALM. Negative earnings for several quarters due to lack of demand for their stuff and tons of money betting the farm on their newest smartphone and operating system. Its under tight wraps, so still no news other than the rave reviews at the CES show. But I did find out that their stock is trading with a 40% short interest. Very massive. As that product hits the streets, the stock price is still going to be a huge battle between believers and non believers, whether the phone is good or not.

Probably hedge funds own PALM so it may be tough to see much of a price rise anytime soon, or it will be sold down quick.

Its latest jumps were probably a big money investor loading up when the phone news broke. New investors will all be watching closely before they dive in as they are still financially in deep snit if this phone bombs.

Very risky play, but it looks like a very nice phone. :)
 
Oh yea I'm sure its good for RIMM. They get a kickback from those contracts. Palm data plans cost the most which partly pays for the phone and they get a continuous subsidy on their use. And I'm sure the initial phone price is inflated now because we normally see phone prices after contract and rebate, further cutting their losses. So its not going to be as good a deal as you may think. Those phone contracts are not cheap either. $80/month min now times 2 plus activation. This will also double each sale, making more devices, driving production costs down. Its a smart aggressive move for RIMM to bang a dent in Apple, and saturate the market before Nokia and Palm arrive. Palm is just down the road and Nokia has new stuff further in the pipe.

Very smart for RIMM and they will be springing some upside surprises on WS as a result.
 
Gaps are like magnets, the closer to them, they will suck in.

When RIMM goes to $68.30 then the huge gap prior to that will squeeze shorts to the gaps.

When RIMM dropped for weeks no one mentioned on CNBC how come it dropped so much. It has been up lately but it;s still a cheap stock and way below $140 high.

AAPL is half way to old $200.
 
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