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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM
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To: Sans Souci who wrote (391)9/27/1999 1:00:00 PM
From: Claude Cormier   of 989
 
S/S

You may be right... time will tell.

When a stock has a mearket cap of $3B and selling for 300 profits, 30 times sales and has not shown any growth in the last 12 months... it has to be considered as deeply overvalued.

The potential is great for the company and they could well be selling $500M of goods within 5 years and grow their profit to $$50-$100M.

But the stock price now is too high and needs to correct. That is what the chart is saying.

I'll be a buyer below $30. (I am no short... I never short stocks).
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