RIMM wtf happened?

Kassz007 · Jun 18, 2009

Quote from kinggyppo:

magic coin flip says heads, it goes up.

http://www.random.org/coins/?num=1&cur=60-usd.0005c-1935ihn

I dunno....today's selling makes me think that maybe somebody knows something that we don't...

Unless of course people are just trying to get out before earnings are released as a "just in case" scenario. Either way, I reiterate my nervousness for the longs out there sweating this one out.

Kicking · Jun 18, 2009

RIMM is finished . Charts tell me so. Besides , how many new new electronic gizmo that we actually need can they come up with ?

Kassz007 · Jun 18, 2009

Quote from Kicking:

RIMM is finished . Charts tell me so. Besides , how many new new electronic gizmo that we actually need can they come up with ?

What do you see in the chart that makes you think they're finished???

Don't underestimate the demand for smartphones. The demand is huge. People are starting to consider their Blackberry as an essential item, especially businessmen. If RIMM keeps producing new gizmos with new gadgets attached, people will buy. The question is if RIMM's competitors can produce better gizmos with more gadgets, and do it faster.

Builder17 · Jun 18, 2009

boom! think they'll fill that gap tomorrow?

CDB-Lloyd · Jun 18, 2009

How'd that coinflip go?

traderyin · Jun 18, 2009

Ouch, sorry for your loss

Kicking · Jun 18, 2009

Quote from Kassz007:

What do you see in the chart that makes you think they're finished???

RIMM and Apple topped out on long term charts. Unless there is another 2003-2004 massive market rally , they are finished. Even then they should correct first and take out their recent lows. (btw what does it say about Nasdaq ? )
Besides, I stopped consuming and I am intent on converting the masses to my anti consumption lifestyle.

Builder17 · Jun 18, 2009

just hit the 50 day moving average... maybe they will get 75 before AH closes.

kinggyppo · Jun 18, 2009

Quote from CDB-Lloyd:

How'd that coinflip go?

damn thing must be broken, for the record I am long some june calls and most likely doomed. oh well, back to the coal mines, rimm is rallying off its low here currently just short of 75.

Builder17 · Jun 18, 2009

that action was nice! wishing i bought more. out now. have a good night.