rimm makes u turn intraday

I

innovest_11

Anyone catch the u-turn made by rimm? it is down 5% initially, i was in it, but when it goes up, sold too early, then i bought again, thinking it will go up again, but sold off too early again because need to goto sleep :D from different timezone

what a waste
 
RIMM has a lot of low quality investors and day traders just trying to make a quick buck off the stock... the volatility is just laughable... if there's a lot of subprime news out on a particular day you can just short it and watch people sell in fear like little girls day after day
 
One things for sure, someone's been making money off the stock and short term traders -- all the way up.

Ah, I remember the three day halt rule for rimm.

Bad News.. stock falls
halt
stock soars back up on reopen

next day
More bad news... stock starts to plummet
halt
Stock shoots up on reopen

Third day
Another bombshell... stock tanks scaring the daylights out of short term longs
halt
take their sweet time to analyze and regroup
Soar

Rinse repeat

Welcome to rimm.
 
I would bet against that happening. The owners are far too independent to sell themselves to a corporate entity like IBM.

Sure I can see "strategic partner" or something event that will give it a $10 pop, but thats it.
 
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