Thoughts on Research In Motion (RIMM)

[ammo]

if you've been here since 98 why does it say 02 next to your name,how many alias's do you have,and iceman if thats you from the oex,hello....read the opening question by the OP,,craigslist has a rants page,you're wasting your talents here.

 

[iceman1]

Quote from ammo:

if you've been here since 98 why does it say 02 next to your name,how many alias's do you have,and iceman if thats you from the oex,hello....read the opening question by the OP,,craigslist has a rants page,you're wasting your talents here.

had a different name...

I haven't been on this site since 2006.

ammo - were you here before 2007

 

[jj90]

Disagree with you iceman. At these levels I feel RIMM is still far too pricey given the problems it's facing. I'm looking at sub 20 before I accumulate. I think atticus had a target of $10 which is cash, that's a good entry around that level.

 

[ammo]

Quote from iceman1:

had a different name...

I haven't been on this site since 2006.

ammo - were you here before 2007

no,construction biz was drying up so came back to this game

 

[iceman1]

Quote from jj90:

Disagree with you iceman. At these levels I feel RIMM is still far too pricey given the problems it's facing. I'm looking at sub 20 before I accumulate. I think atticus had a target of $10 which is cash, that's a good entry around that level.

well I cant strongly disagree with you... having lived through so many meltdowns in the market including 207-2008 when the DOW was in the 6000s. I am a contrarian with stuff like RIM; smetimes it works - other times you catch a falling knife.

Let me ask you to play devils' advocate - can you think of any positives that might lead to higher markup for RIM in next 3-4 months?

 

[Petsamo]

Quote from Nine_Ender:
Show me one post where I recommended buying RIMM this year.

I said promoting, dipshit, not buying. Besides, promoting & buying are very similar. Look at the 1st page of this thread, 2nd post. You were persuading people to cover their shorts on June 16.

Quote from Nine_Ender:
Takeover bid, start a dividend, improved outlook, etc etc ... On the downside, how much lower could it really go ?

RIMM's closing price on June 16 was 35.33.

 

[jj90]

Quote from iceman1:

well I cant strongly disagree with you... having lived through so many meltdowns in the market including 207-2008 when the DOW was in the 6000s. I am a contrarian with stuff like RIM; smetimes it works - other times you catch a falling knife.

Let me ask you to play devils' advocate - can you think of any positives that might lead to higher markup for RIM in next 3-4 months?

Nothing compnay specific. If I did I would be accumulating at these prices. You'd get beta with mkt movements, but then you'd just be trading the index instead. RIMM may be an AAPL in the 90s, early 2000s but to play that kind of scenario out the common for RIMM would have to half from these prices to initiate a position.

 

[Random.Capital]

Quote from iceman1:

Let me ask you to play devils' advocate - can you think of any positives that might lead to higher markup for RIM in next 3-4 months?

Buyout.

They have a vey large, relatively well-healed user base. If a POS like PALM can be bought, RIM for sure can get taken out.

 

[iceman1]

Is RIM being up today essentially "the rising tide raises all ships", or something more positive?

I think it's a good idea to keep an eye on options volume and note if any large purchases of call options are transacted, as that would be a precursor to a "buyout" (although I don't see that happening in the near future).

However I think the catalyst for upside is when RIM finally makes some announcements relating to their software or OS, and the release of the newer models of the BOLD.

I am not a stock analyst or a fundamental analyst like some of the more knowledgeable IT or TELECOM guys on here... but I just get gut feelings that are usually right (85/15%) - LOL

 

[newguy05]

read an open letter to rimm from one of its employee and rimm's response. The letter was spot on especially about the lack of developer support / good sdk. Yet based on rimm's response it's pretty clear those guys still got their head up their ass without a clue.

4) Developers, not Carriers can now make or break us

We urgently need to invest like we never have before in becoming developer friendly. The return will be worth every cent. There is no polite way to say this, but it’s true — BlackBerry smartphone apps suck. Even PlayBook, with all its glorious power, looks like a Fisher Price toy with its Adobe AIR/Flash apps.

Developing for BlackBerry is painful, and despite what you’ve been told, things haven’t really changed that much since Jamie Murai’s letter. Our SDK / development platform is like a rundown 1990′s Ford Explorer. Then there’s Apple, which has a shiny new BMW M3… just such a pleasure to drive. Developers want and need quality tools.

If we create great tools, we will see great work. Offer shit tools and we shouldn’t be surprised when we see shit apps.

The truth is, no one in RIM dares to tell management how bad our tools still are. Even our closest dev partners do their best to say it politely, but they will never bite the hand that feeds them. The solution? Recruit serious talent, buy SDK/API specialist companies, throw a truckload of money at it… Let’s do whatever it takes, and quickly!

full letter: http://www.bgr.com/2011/06/30/open-...xec-tells-all-as-company-crumbles-around-him/