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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (8606)	1/7/2001 11:41:36 PM
From: bonnuss_in_austin	Respond to of 13572

Mishedlo: Good jokes. Thx. Re RIMM: SI friend of mine sent me this link ... free ... stockhouse ... thx, robwin. stockhouse.com <<snip>> Toronto, ONT, January 5 /SHfn/ -- Investors should continue to maintain caution when trading shares of Research In Motion [RIMM] [T.RIM]. On a technical basis, the stock is not out of the woods yet. Virtually all of January 3's share-price gains were erased in an 18% slide the following day. Intra-day trading pulled the stock below the Bollinger band's support level at $57, and the stock appears to be threatening to break down over the next few days. RIMM's inability over the past two days to move above its 10-day moving average at $72 does not bode well for the immediate future, supporting the possibility of a near-term decline. If the stock breaks down, look for the next level of support in the $40-$42 range, for about a 26%-30% drop from its current price. The technical chart below illustrates the stock's continued negative trend. It appears that rallies could be used to lighten up on positions or take defensive action on shares already in investors' portfolios. RIMM is locked in a downtrend channel that measures down to $30 on the low side. On a positive note, the stock is trading in the upper half of the channel, but just barely. The stock is at a very critical level as it basically sits on a longer-term support line and the lower Bollinger band. RIMM has also traced out a descending triangle formation, adding more fuel to the theory of a failure at current support levels. Adding to the seemingly bearish technical readings, a fundamental look at Research In Motion also points to more negative than positive issues. Notwithstanding the company's superior "always-on" wireless product, investors would be wise to revaluate their love affair with this highly leveraged stock, until earnings can support current stock valuations. __________________________ I'm about to risk half my assets shorting this baby ... Feel that the more the absurd P/E little factoid hits the news, the farther (and faster) the stock value will plummet. Not to mention the free-fall effect from general market when the PC dominants and dependents announce earnings that will disappoint, to say the least. Can you find any lower that 40 puts? I can't. Mar, June, etc. I'm seriously considering placing a bet against RIMM with about half total port worth + margin ... What do you think about RIMM's 'bottom,' and when, perhaps? HAHAHA! Could be ZERO, fer sure, I realize. Thx! 'b-i-a' ###