Trade Update Jan 18th, 2012: RIMM is trading about 5% off of the pre-market lows after Samsung’s denial that they are interested in buying RIMM. IN a lot of ways today’s action is pretty impressive …
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Trade Update Jan 17th, 2012: RIMM is up 5% today on a blog report that the company “is pushing for a sale to Samsung”. I am not sure why this rumor is any more credible …
Continue readingTrade Update Dec 16th, 2011: Not much here to add, I guess trying to be contrarian for the sake of it is not a good strategy in a name like RIMM that is truly screwed. …
Continue readingNew Trade Dec 15th 2011: Since pre-announcing worse than expected results for their fiscal Q3 on Dec 2nd, the stock is down about 20%. The Stock is down 74% ytd and trading at 2004 lows. Ok …
Continue reading2nd Update Dec 2nd 2011 at 3:35pm: RIMM is trading down near the lows of the day as we approach the close. Since the opening the gap the stock has traded in a 3% range …
Continue readingUpdate Dec 2nd 2011: RIMM is trading down 7% this morning as the company cut their outlook for Q3 to be announced Dec 15th and for the full year 2012. This disappointment was not unexpected, …
Continue readingUpdate Nov 29th, 2011: No New trade here, but RIMM is up 5.5% this morning following an upgrade by Sanford Bernstein from Under-Perform to Market-Perform, I think in English that means Sell to Hold. Here …
Continue readingUpdate Nov 18th, 2011: Since putting this trade on last Friday, RIMM has had an interesting week. The stock was up almost 9% at one point on the heels of a Goldman Sach’s upgrade from …
Continue readingNew Thoughts: RIMM has gotten a lot of press of late as it is trading at 5 year lows and below its book value. The company has failed to win over consumers with its new …
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