SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Carl Worth who wrote (50425)1/7/2004 5:15:21 PM
From: Ron McKinnon  Read Replies (2) | Respond to of 53068
 
Re RIMM

>>>maybe ron can put it back on his short list

well I was short it

on average was down 6 points on it
covered almost all after hours
reduced the loss to 2.85 points
glad to be out of the pig

re why are they doing it when they are already cash flush

like so many before
because they can
and maybe just maybe the insiders do not see a great a future as stockholders have?



To: Carl Worth who wrote (50425)1/7/2004 6:12:08 PM
From: DanZ  Respond to of 53068
 
Why would they do a secondary? Either they need the money for an acquisition or management thinks that the stock price is overvalued. I don't know anything about RIMM, but my gut feel is that they are taking advantage of what they think is an irrationally high stock price.



To: Carl Worth who wrote (50425)1/7/2004 6:50:49 PM
From: E.J. Neitz Jr  Read Replies (1) | Respond to of 53068
 
>>>why RIMM would do a secondary now<<< Possibly an acquisition. Would be my guess. They currently have "strong currency"...stock price...but their Blackberry device is technologically inferior to the new Handspring Treo....and Palm/Handspring has "poor currency".