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Thomas Renna
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Since graduating Rutgers University (B.A.) in 1990, Tom has worked in the financial industry in various capacities. visit www.equitiesresearch.com
My company:
Equities Research, LLC
  • No Rubber On RIMM 0 comments
    May 30, 2012 1:58 PM | about stocks: BBRY

    the following post was originally published today on my blog

    Since the Stockdiagnostic's downgrade on RIMM 8 months ago shares have declined 54%

    below are recent posts from Equities Research since the downgrade.

    May 30,2012

    Research In Motion (NASDAQ:RIMM) traded at an 8 year low this morning @ $11.80. Stockdiagnostics downgraded RIMM @ $21.68 on September 26,2011 after the company reported FY2012 2nd quarter financials for the period ending August 31,2011. Since the downgrade 8 months ago, shares have declined 54%
    click to RIMM Stockdiagnostics OPS chart

    May 15,2012
    Research In Motion (NASDAQ:RIMM) traded near it's 8 year low on Monday and closed @ $11.80. Stockdiagnostics downgraded RIMM @ $21.68 on September 26,2011 after the company reported FY2012 2nd quarter financials for the period ending August 31,2011. Since the downgrade 8 months ago, shares have declined 45% vs. the S&P500 index which has gained 15.08%.
    click to RIMM Stockdiagnostics OPS chart

    April 21,2012
    Research In Motion (NASDAQ:RIMM) traded at an 8 year low on Monday and closed the week @ $13.34. Stockdiagnostics downgraded RIMM @ $21.68 on September 26,2011 after the company reported FY2012 2nd quarter financials for the period ending August 31,2011. Since the downgrade 7 months ago, shares have declined 38% vs. the S&P500 index which has gained 18.54%.
    click to RIMM Stockdiagnostics OPS chart

    March 30,2012
    Research In Motion (NASDAQ:RIMM) closed yesterday @ $13.73. Stockdiagnostics downgraded RIMM @ $21.68 on September 26,2011 after the company reported FY2012 2nd quarter financials for the period ending August 31,2011. Since the downgrade 6 months ago, shares have declined 36% vs. the S&P500 index which has gained 20%.
    click to RIMM Stockdiagnostics OPS chart

    12/02/2011

    One of today's most active stocks and biggest percentage loser, Research In Motion Ltd. (NASDAQ: RIMM), closed the session near a 52 week low under $16.80 a share down nearly 10% on the day with over 56 million shares trading.

    Stockdiagnostics.com downgraded the stock from a 1 to a 2 on September 26th,2011 after the company reported 2nd quarter numbers for the period ending August 31,2011.
    RIMM reported negative cash flow for the quarter, after enjoying more than 20 consecutive quarters of positive cash flow. Since the downgrade less than 10 weeks ago, the shares have fallen 33%. Over 1000 mutual funds (489 institutions) including Vanguard and Oppenheimer, own over 65% of the shares outstanding.
    http://www.equitiesresearch.com/docs/rimmchart.pdf

    Stocks: BBRY
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