Okay. I'm of the mind.
I'm standing on the street corner
Crowd gathering around me
50 in the crowd or so.
It's the scottish in me.
Mind you.
Okay.
I'm totally in to this story.
Maybe somebody has some advice for me.
But i processing it as i go.
Blackberry. (TICKER: RIMM)
They hype the stuff on CNBC.
It's a 450 dollar email device.
Fundamentally and 'core'logically
I'm opposed to the device because it's like the quotrek
that i used to carry around for years.
You can read emails and it has a little screen to type your email and all the guys on cnbc have this glow about them when they talk about how much they love their "little Blackberries."
Well personally i think it's a Crack berry device.
And Canadian accounting is not about USA accounting.
And they losing like 28 cents a share
and it reminds me of Palm and Homequest.com
or some damn thing.
Like everybody in the US governement is going to buy a Crackberry device that they already sell 150,000 of them last quarter which breaks down to
50,000 a mo.,
1666 a day,
and 69 an hour,
and 1.1 a minute,
or .01 of these a second.
In other words
they cranking out the revenue on these little crackberry devices at
7 dollars a seconnd
and they selling for anywhere from 9 dollars a pop to 80 dollars a pop on ebay,
or they selling for 200-240 bucks a pop if you buying the high end so called state of the art crackberry device the 7230.
Anyway.
Enough of the revnenue projections which are totally of another mind and another planet if you factoring in the Employee option grants when they already losing 28 cents a share on a trailing 12 months basis.
But that's not for me to decide because if the co. is smart enough to take their employees to canada and save the .0751 FICA and Medicare contribution than at least they are a little smarter than the dudes from Global Crossing or Enron of which i won't go there.
But at least they know what country to keep their employees in to avoid all the Workers' Compensation withholdings and the Unemployment insurance of which we won't go there either.
But with that said they still losing 28 cents a share on a trailing 12 months basis annd the guys who do the peg analysis of the Blossoming revenues on the product whose margins being cut on 450 dollars per device (200 on ebay) to competing products selling for 24 bucks a pop like the NOKIA 3300 music phone with built in keyboard to crank out your emails at 15 words a minute or so.
But never mind that A.T. and T and T-Mobile and all the guys who rolling out the Next Generation networks.
Never mind that they no longer selling the devices??? or marketing the devices at their A.T. and T wireless /verizo stores of which are going up like hotcakes on every corner you ever see.
And never mind that the devices fall in price from 450 dollars to (competition) 24 dollars.
And never mind that the market cap for this co is 5.2 billion dollars for what may soonn be an antiquated technology hyped on CNBC with glowing faces like they just got their face burnd't under a heat lamp.
And never mind they Don't have web access like some of the new next geeration phones with built in (Internet Explorer) browsers where you check out the WAP websites.
(5 bucks a month, HELLO)
And never mind they don't have the built in picture phones of which i believe is a total fad too.
And never mind that I never even seen one in the Sacramento/Folsom Intel silicon valley of northern California.
I never even seen one and i can't buy one at any of the T-Mobile, A.T. and T wirless, Frys, Best buy, Comp USA, anny of the other carriers, sprint. I dunno. sure west, metro pcs, verizon, the list goes on and on.
But never mind about all that becuase they use them on CNBC and kramer himself say don't short the stock based on "VALUATION" alone annd that you just don't understand how the "GAME IS PLAYED" if you shorting the stock based on "VALUATION ALONE." and Kramer must know what he's talking about and he must "KNOW STUFF." if he's on CNBC. But enough about Kramer because i think i'm going to blow a circuit here.
Maybe it's just the short squeeze of the year annd maybe 5.2 billion is a very small market cap if you look back at the INFOSPACES and the ARIBAS of the Internet blow off. Maybe that's what this is and maybe this is all just a Yearly high with a LONG term reversal and maybe they just take it HIGHER to suck in some of the IRA money for the first week of the new year.
And maybe it's like the high on the internet stocks when they gap down and never look back after about January 12 or so the year when we dancing in the twilight zone. I don't knonw.
GO BUY a house or something.
I think that's market is about as whacked as this crackberry device but i just a man who got barbecued on everything i short last year like Expedia, and Capital ONE. So don't listen to me.
I been known to be REALLY WRONG WITH REALLY BIG BETS I MY LIFE. but honestly.
I don't got much to bet big with any more.
So good luck. Have a happy new year. Ad thannk you for letting me share this most special moment with you.
God bless you if you make it this far.
:) |
