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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM

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To: Jon Huang who wrote (286)	8/24/1999 8:45:00 AM
From: New Economy	of 989

I read in a book by Peter Lynch that $5.00 was the magic number for a stock to hit before it would be looked by mutual funds and other institutions. I am not sure if I agree with your analysis of $30.00. That would really hinder upon the returns they could attain for their investors. <Speaking of institutional investors, $30 is one of the minimum requirement in order for a stock to enter their portfolio> Would you want your pension fund manager to wait for a stock like RIMM to hit $30.00 before he bought in? Something to think about. It is a good company but they really need to like increase their sales 5000% to justify the run-up in the stock. Why are analyst focusing on a 12 month price target that is only 10% above the certain price of the stock? They know that RIMM will surprise investors in their next sales numbers and it may send the stock for a correction. The stock needs atleast another 2 quarters of solid earnings and we will certainly have stabilized the price of the stock. Until then, they are a device manufacturer that must be looked at as that.

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