RIMM $33 or $53?
- Thread starter newguy05
- Start date
I'm leaning more towards the $15-20 breakup value vs. the $56/share recovery. Just don't see it competitive with AAPL/GOOG; shame I should've sold when I was down $200 instead of $800
http://blogs.barrons.com/techtrader...up-value-says-morgan-keegan/?mod=yahoobarrons
http://blogs.barrons.com/techtrader...up-value-says-morgan-keegan/?mod=yahoobarrons
And the trend is still down, everyone thinks that companies stay on top forever, they dont, the next trend is always somewhere, RIMM has major competition from IOS and android smartphone market...and some people actually thought the playbook was going to be a huge catalyst for RIMM, HAHAHA, what fools would believe that. The playbook I can guarantee you is going the way of the HP touchpad, count on it, I think they will end production by mid 2012. They only sold 200,000, and with more tablets coming to the market every month that number is going to decline greatly. The playbook is just too overpriced, who wants to pay $600 for a tablet, anyone who goes out and pays that much is going to end up buying an ipad. Aside from that amazon is coming out with a tablet in the next month or 2 pricing it very cheap to compete with the other overpriced models, if you want to take market share from the ipad you have to sell the same tablet for 1/2 the price, thats the only way to grab market share, these billion dollar corporations think they can just develop tablets and start selling them for $500+ thinking they are going to grab market share, how foolish are these top executives at the top of the corporate ladder, Rimm had its day, will be trading even lower in the months to come, probably will be bought out under $10 a share!
Sometimes, when someone like yourself posts slander on the internet it has to be addressed. A couple of facts :
1. I have only ever posted one long call on RIM, a 6 week trade
that made 25% as forecasted. I was very specific. A much
better trade then ANYTHING you have posted on RIM.
2. The post you have quoted remains true, that they are in a
growth industry and at some point in the future they may
innovate and recover, much as AAPL did in the past. I
clearly said "gamble".
Look, its pretty obvious you lack the intelligence or foresight to understand what I posted. The underbelly of trading is literally flooded with dumb guys like you. So let me clear something up. There was never another long call, there isn't one now, but anyone with some gambling money can trade this thing up or down for quite some time if they want to.
What you posted was it was going to $10, and you missed the mark, because since that post it actually eventually trended up, and has never even approached $10. In fact, every time it approaches $20 there are serious takeover rumours. I'm not sure how you envisioned making money on that trade; in all likelihood, you lost money, because there was no "short call" from you prior to earnings, and it trended up before that.
Don't remember you posting entry or exit points on anything. Just generalities about how you dislike RIM. Big deal. Ideas like that are worth nothing at all. Show us some real trading skills buddy, not this bs crap trying to be the big man here.
Grow up and learn something.
Nine_ender's longs in RIMM:
"Going to $80" http://www.elitetrader.com/vb/showthread.php?s=&postid=2957713&highlight=rimm+buy#post2957713
"$47 seems cheap" http://www.elitetrader.com/vb/showthread.php?s=&postid=2958000&highlight=rimm+buy#post2958000
"Going to $80" http://www.elitetrader.com/vb/showthread.php?s=&postid=2957713&highlight=rimm+buy#post2957713
"$47 seems cheap" http://www.elitetrader.com/vb/showthread.php?s=&postid=2958000&highlight=rimm+buy#post2958000
Wrong. IBM comes to mind, they had to reinvent themselves when mainframes got less popular. Lot of money was made by people buying up IBM shares on the bad years.
There are other companies like Celestica, Dell, Oracle, ... . I would imagine some chip companies have had some large fluctuations.
Its always fun seeing these internet geniouses posting AFTER earnings reports what already happened. All these budding Grand_Stuper_Cycle types who believe commenting on what already happened has some value to a trader today.
Hey, S2007S has posted so many losing trading ideas lately its shocking. Shortie, what can I say, the man said go long SPY at 1350 this summer. Denner is the biggest hypocrite on the site. Check out what he says and the complete lack of value on ANYTHING he posts on any topic. The man's a complete ZERO.
So I guess give these guys their whipping boy RIM so they can take out their trading frustrations. I've never owned a share of RIM in my life, never will. The insider selling and options program makes it an unattractive investment in my opinon. The premium on options trading is immense.
My only call this summer, go long TSX at 11,660. Basically called the bottom. That's my "fuck you" to the EliteTrader bozos who can't trade but feel the need to post shit about me.
Buddy, most of those short term trading ideas were winners.
You appear to be too stupid to understand this. In fact, I only posted a specific trade once, and it made 25% in 6 weeks. I posted the exact target, the exact time period, and it made the target.
Reader's can take some time to analyze your "short to $10 call" and see that until earnings you were LOSING money on that trade. So much for your insight having any value.
Real traders understand that what occurs in 2010 on a volatile stock has no bearing on what happens in 2011. I could explain this to you but your recent posts suggest quite clearly that you are about as dumb as bricks and not worth the effort.