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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (39227)9/10/2010 3:37:41 PM
From: Mattyice  Read Replies (1) | Respond to of 78750
 
Why are you selling RIMM now?

I mean... i have noted several times on SI about the well known decrease and upcoming large decrease in BB enterprise and corporate use.

You think this stock is going to trade below 7 times earnings next year? Which historically that has not happen to much for tech companies in Rimms financial position unless there is a unforeseen event happening.

The volume is also nothing today, i would speculate today decrease is attributed to MSFT exec going to nokia thus decreasing a chance for alignment with RIMM as either partnership or takeover.

The sentiment is starting to get really negative here on this stock. I was really bearish months ago, but media is starting to get on the RIMM isnt going to be the go to phone for businesses bandwagon. They are usually late to the party.