To: Steeliejim who wrote (14802 ) 1/20/2000 7:29:00 AM From: Richard Tsang Respond to of 118717
Jim, DLJ is trying everything to get the Japanese hooked to On-Line trading. Voice input is now offered there:nikkeibp.asiabiztech.com RIMM - was called by kensey at ClearStation mid-day yesterday:siliconinvestor.com From : kensey Jan 19 2000 1:20PM Title : added RIMM at 66 on a retest of the intraday low following a high octane surge. (Long Recommendation) added RIMM at 66 on a retest of the intra-day low following a high octane volume surge that contitutes a record price breakout. just a few minutes ago. when considering a breakout stock that is up big points on big volume the 1-day intraday chart is key. since the stock is by definition in new and uncharted territory, eyeballing for an intra-day support level is the best way to try and locate an entry point. usually, after a stock blasts off, it fades back on relatively low volume and finds support. viewing the 1-day interactive chart for RIMM shows a gap up on the open followed by a linear surge that peaks north of 70. then, a fade back to 66 followed by an uptick that carried the stock back to 68 where it sat for a few hours and volume dried up. then we have a retest of 66. that is the point at which i'll belly up and pick up shares : the retest of the intra-day support level that followed the big spike. typically what happens is that a secondary surge in afternoon trading occurs on stocks that blasted off in the morning. RIMM had news today before the open. this from briefing.com : 08:59 ET Research In Motion (RIMM) 55 1/4: Designer of wireless solutions for the mobile communications market has signed an agreement with Intel Corp to supply the BlackBerry wireless email solution to employees in multiple offices across North America. RIMM shares bid up 2 pts on the news. RIMM was also featured yesterday in briefing.com's story stocks section : Research In Motion (RIMM) 56 1/2 +7 1/8: The new "big thing" on Wall Street changes as often as the wind --Y2K, B2C, angiogenesis inhibitors, portals, auctions and so on. One of the latest big things is wireless Internet access and services. Investors making big wagers on the idea of a seamless convergence of the Internet and wireless data by taking stakes in highflyers such as Puma Technology (PUMA), Wavecom S.A (WVCM) and Leap Wireless (LWIN). These three stocks, on average, have soared 615% over the past six months. Research In Motion has been one of the less visible names among the hot money investors. But low visibility among traders hasn't meant that the Ontario, Canada-based company's stock hasn't been a winner. RIMM's path to triple-digit gains has simply been less spectacular... Unlike many of the wireless stocks that have been swept up by investors, RIMM is a real company; i.e. has meaningful revenues, impressive earnings growth and a host of red-letter partners. Joining that list of prestigious partners is Canadian data and telephony network equipment company Nortel Networks (NT), which announced this morning plans to invest $25 million in RIMM as part of an alliance to facilitate the development of future wireless Internet technologies and international wireless Internet market opportunities... The company has also recently inked alliances with Dell Computer (DELL), Entrust Technologies (ENTU), VeriSign (VRSN), Avis Rent A Car (AVI) and Merrill Lynch (MER) to name a few... Driving the company's growth is its wireless technology designed to let business customers remotely send and receive e-mail. The RIMM solution uses a wireless handheld with integrated email/organizer software, PC docking cradle, server software and a flat-rate nationwide airtime to allow consumers to create e-mail, faxes, alphanumeric pages and text-to-voice messages. The company's push delivery feature gives users notification as a new email arrives, eliminating the need to dial-in or initiate the connection. Under the agreement with Dell Computer, the PC maker will resell Research In Motion's BlackBerry wireless email solution... The company's seemingly deal-a-day strategy is expected to add up to big profits over the next two years. According to a First Call survey of nine analysts, Research In Motion will earn $0.16 a share in fiscal year 2000 and $0.43 in fiscal 2001, a year/year increase of almost 170%. The company's long-term (5-yr) EPS growth rate is projected at 100% per annum. - DS kensey