Research In Motion (RIMM -19.1%) closed with a market cap of $3.8B. After backing out...

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frankiethecat Comments (37)
 
What a disaster today has been for RIM, shareprice down almost 20% on a volume of over 78 million shares traded, average volume is 16 million shares. RIM Board don't seem to case and haven't issued a statement about it.

RIM is essentially the walking dead, market share headed down, it's so bad that there won't even be a dead-cat bounce on Monday.
29 Jun 2012, 06:37 PM Reply Like

Ronin. Comments (1488)
 
Hopefully the dead cat isn't you...not a high percentage of your portfolio I hope? Wish you luck in recovering! At least you're not in denial like some still are... What's your plan?
30 Jun 2012, 10:41 PM Reply Like

Ronin. Comments (1488)
 
Hey, not bad, you got a dead cat bounce of 1.7% today on a frelatively flat market day. I wouldn't have expected that either, given that the selling was so strong Friday that it overcame a huge volume of buying in the broad market.
2 Jul 2012, 03:31 PM Reply Like

marcuslaun Comment (1)
 
Rimm has a loyal user base - as usual the market will overreact and the value players can make some money on the IP, assets and brand value. The hard part is to predict how low it will go.
29 Jun 2012, 07:49 PM Reply Like

entmd Comments (942)
 
I had a good friend who was loyal to Tab long after Coke and Pepsi took over the market. Eventually, you can't fight progress.
30 Jun 2012, 01:53 AM Reply Like

Sebanightwish Comments (830)
 
RIM's warning come since I joined in January SA. Worth about $ 18 and was a SELL for me. When I was at $ 15 the same and so on. When broke the $ 10 the forecast was $ 8, but disappoint the quarter broke up to $ 7.39. This number is still a SELL. That company is full of incompetent and lead to destruction.
30 Jun 2012, 08:44 AM Reply Like

Ronin. Comments (1488)
 
The worst thing when a company is faltering is poor leadership. Playing short, the ex CEOs were my number one helpers last year, keeping things status quo as they fell further and further behind the competition, considering the iPhone as a toy, hiding problems, maintaining power in the company in the board with their high share percentages, leading the Playbook debacle, no restructuring, stay the course.

The twins leaving the CEO position seemed like bad news until I found out that they would still be around, and I heard Heins praise them and enthusiastic that Mike was sticking around. They sure are leaving their legacy...I feel bad for all the shareholders trapped by all the incompetency within RIM's walls...
30 Jun 2012, 10:54 PM Reply Like

Sebanightwish Comments (830)
 
It is ultimately the directors are to blame, which together with the technicians and artists are not around and being lost, lost time, lost money, leadership, they lasted 20 minutes, then ate the market. Too sad for investors clear, but I think there BB10 that can´t reverse the situation ... is a new cell after years of nothing, while competence in these years was increasing production and bringing new models to stay and not fulmine to competition.
2 Jul 2012, 10:42 AM Reply Like

scott trader Comments (2699)
 
the perfect storm for disaster.incompetentcy... losing market share, failed launches....no guidance , continuous delays, layoffs , firings
2 Jul 2012, 09:59 AM Reply Like