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RIM (RIMM -6.3%) is falling hard again ahead of tomorrow's BB10 event, where the Z10 and X10 are...

  • Tuesday, January 29, 12:30 PM ET
    RIM (RIMM -6.3%) is falling hard again ahead of tomorrow's BB10 event, where the Z10 and X10 are expected to be unveiled. Critical comments from UBS and CLSA could be playing a role - the former declares BB10 price points too high for emerging markets, and thinks iOS and Android have a stranglehold elsewhere. On the flip side, OTR Global thinks a Lenovo partnership could be announced soon; Lenovo recently declared comments about a possible RIM bid to be taken out of context. The WSJ has taken a look at the challenges RIM faces in winning back corporate clients.
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This news story has 16 comments:

  •  
    The "sell the news" part just happened earlier than usual...
    29 Jan, 12:37 PM Reply Like
  •  
    People are just buying and selling on gut feel now. Nobody knows what will be announced tomorrow and nobody knows how much acceptance the new ecosystem will get in the broader public.
    29 Jan, 12:39 PM Reply Like
  •  
    There is now a desperate need for not one Steve Jobs but two !
    29 Jan, 01:20 PM Reply Like
  •  
    Rimm is a shot in the dark... no one knows thats going to happen with this co... its a 50 50 call in my opinion now.. Pay your money and take a chance... like going to a movie
    29 Jan, 04:07 PM Reply Like
  •  
    10 Million shares bought today.
    Someone, somewhere knows something we dont ?
    29 Jan, 04:07 PM Reply Like
  •  
    Where did you get those numbers?
    29 Jan, 11:01 PM Reply Like
  •  
    Michael, all I can see on WSJ is that even though the stock went down there was a net money inflow over the last two days of ~$20 million - not a lot but still an interesting fact (net buy of ~1.3 million shares). I hope AviAskUK will be able to substantiate those claims of 10 million share bought. That will be an interesting news to read.
    30 Jan, 12:00 AM Reply Like
  •  
    RIMM is trading with questionable volatility. I did not expect it to shed more than 12% 2 days before the announcement of the anticipated BB10 as I did not expect it to gain over 50% leading upto the announcement.
    29 Jan, 04:09 PM Reply Like
  •  
    WellI am sticking with it through the roll out no matter what happens. Personally I don't have so much in it will wipe me out but I have had significant gains. You gotta do whatever you think to be safe.
    If nothing else it is exciting. I think it traded 12 million shares on the TSX. That is huge interest. It drpped significantly and then got legs again. I don't think you can predict where this will go. Their are some huge players fighting it out...big Insitutionals. Some have a lot to lose some alot to gain . A lot of this will be pure psycology. People who have the ability to manipulate it can and will. The company is advertising ,many of us longs are pumping it and at the same time the shorts want us to sell en masse....if they can jig things significantly with money coming from 100 different directions.
    We are just pawns in this and your guess is as good as mine. I hope for a positive outcome. I believe in the product. But the shorts can screw something even if it was the greatest thing in the world.
    29 Jan, 06:13 PM Reply Like
  •  
    "... But the shorts can screw something even if it was the greatest thing in the world... "

    Agree 100%. BTW, excellent comments!

    -Cheers.
    29 Jan, 08:20 PM Reply Like
  •  
    Just hold it. The shorts will run away sometime. Everybody thought (AAPL) would not do well on the iPod. Well, where is the stock now?
    29 Jan, 11:07 PM Reply Like
  •  
    Michael, glad to see that you are long $RIMM. IMO, over last two days those in power did a favor to help shorts cover their positions - time will tell if this hunch is true.
    30 Jan, 12:02 AM Reply Like
  •  
    Technically, I don't hold (RIMM). I post all my holding in my profile, which is:
    (TNH) (low risk/medium reward)
    (RNF) (low risk/high reward)
    (NCT) (medium risk/high reward)
    (NOK) (medium risk/high reward)
    (HOV) (medium risk/high reward)

    I do believe (RIMM) could go up, but I rather not risk it. If I had more money, I would probably buy (RIMM) to coincide (NOK).
    30 Jan, 12:29 AM Reply Like
  •  
    Thanks Michael, appreciate your immediate response.
    30 Jan, 01:07 AM Reply Like
  •  
    George. Can you write another article? You are the only one that does research before you write.
    30 Jan, 01:36 AM Reply Like
  •  
    A lot of pundits have been telling us RIMM holders to sell on the News and I think that selling is over. So let the short squeeze begin. Remember Shorts, Bulls make money and Bears make money, but Pigs get slaughtered.
    30 Jan, 01:57 AM Reply Like
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