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Originally Posted by vincentnyc
nasdaq been going up for the last week or so and rimm stock keep going down...not good...maybe time to dump.
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Yeah RIMM has been beaten up. Started with the CSCO earnings where the CEO stated the subprime mess is affecting US orders for it's product. This sent the tech nose dive(IMO).
RIMM had a nice run back up to $123 and then Nokia came out and reduced their guidance for the next quarter and now Palm has done the same.
RIMM has earning on Dec 20. Whenever holding over earnings can be risky...look at CROX...not saying the two are related but regardless of the stock holding over earnings carries risk.
If you believe the China story and the potential subscribers RIMM could get from this market then I think you hold. I think the stock has been beaten unfairly however I guess we'll find out come earnings..... Just my .02
I'd be interested to hear what others think....