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Old 10-08-2008, 09:28 AM   #1
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I believe RIM stock is now a buy, hopefully we have seen the bottom.
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Old 10-09-2008, 11:57 AM   #2
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Surfish,

I'm not an economist or a stockbroker so you can take this as lightly as you want.

I would wait for the Economic bailout package to be fully deployed within the next few weeks.

There has been great strain on the American financial and trading system and it's not going to stop anytime soon. RIM has lost over half of it's value in under 2 months. Apple and Google have also lost significant amounts as far as other major tech companies are concerned.

RIM is doing OK because they have two brand new devices they're waiting to put out. But we've also yet to see the Bold be released by ATT which is going to aparently happen before the end of Oct.

What you need to look at is the posibility that if you buy right now they could still dip more but obviously go back up.

I will say that there's no chance in hell of the stock going back to it's initial value 5 weeks ago, but you could maybe find yourself making $30 per share in a few years.

Stocks and the markets are not all of a sudden going to bounce back to where they were, this is going to be slow growth after we hit the rock bottom (which hasent happened yet)

Today RIM has gained almost $3 so they could be having a nice turn around where they'll possibly gain $20 over the next week or two, but the current target is for it to hit $112 a year from now.
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Old 10-09-2008, 12:48 PM   #3
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These days it's really hard to predict how things will go. Markets seam not to follow ways where they are expected to go.
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Old 10-09-2008, 03:20 PM   #4
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RIMM is actually up 2.53% today, all happened within the last 30 minutes of the regular trading time. I bought at $77, will buy more. Of course, those are not my lunch moneies.
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Old 10-09-2008, 03:35 PM   #5
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Quote:
Originally Posted by jrsmooth View Post
RIMM is actually up 2.53% today, all happened within the last 30 minutes of the regular trading time. I bought at $77, will buy more. Of course, those are not my lunch moneies.
Which trading site do you use to buy / sell stocks?
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Old 10-09-2008, 09:26 PM   #6
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I use eTrade.com, I like its Steaming Quote feature, which delivers almost real time quotes. I think other sites get similar feature as well.

I am going to buy more at around $60 tomorrow, which will cut my lost by $10+/share, then I will sit and wait.
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Old 10-10-2008, 09:31 AM   #7
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Quote:
Originally Posted by mickeykool View Post
Which trading site do you use to buy / sell stocks?
I use eTrade, mostly because I can buy and sell straight from my Blackberry. Since I am not always near a computer it works out well and still gives the streaming quotes.

As far as investing in RIMM, the tech sector is hurting right now, but with RIMM as low as it is and giving their solid past it may not be a bad investment. Especially with several new devices about to be released before Black Friday.
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Old 10-10-2008, 11:23 AM   #8
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We're looking at a GREAT start today....

$53.81 down over $5!!!!


The canadian dollar is also taking a beating, down to 84 cents... we're not at par anymore.
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Old 10-10-2008, 11:35 AM   #9
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If RIMM hits $49 I'll go in for the long haul.
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Old 10-10-2008, 12:13 PM   #10
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we're at $50!
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Old 10-10-2008, 12:25 PM   #11
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Rumors saying that MS might buy RIMM ??
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Old 10-10-2008, 12:44 PM   #12
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RIIMM at ~$50, I ended up bought GE @ $19, so I probably have to cut my Thai and Chinese lunches for the months ahead and buy some RIMM right now.

[EDITED] RIMM was as low as $50.22 at one point today, a new 51-week low.

Last edited by jrsmooth; 10-10-2008 at 12:47 PM..
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Old 10-10-2008, 12:58 PM   #13
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I'm no stockplayer but is this giant dip in stockpricing normal in current market circumstances?
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Old 10-10-2008, 01:49 PM   #14
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Quote:
Originally Posted by lolaisodd View Post
I'm no stockplayer but is this giant dip in stockpricing normal in current market circumstances?
I will say yes, the market is trading on fear right now, it is not trading on foundamental. I think RIMM and APPPL as well as GE, among others, have a very solid foundamental. These stocks are down because the market is donw. I will cut back some and come up with spare changes to buy these days.
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Old 10-10-2008, 02:38 PM   #15
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Quote:
Originally Posted by mickeykool View Post
Rumors saying that MS might buy RIMM ??
because of their sytock pricing and most uncertainty in the markets they are posied for a takeover bid.

Pretty much it's a good time for them to accept a takeover if the price and conditions were right.
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Old 10-13-2008, 01:27 PM   #16
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Back up to 59.89 (8.3%). Good thing I listened to the wife and didn't buy any when it was down near the 50 mark on Friday.
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Old 10-13-2008, 03:51 PM   #17
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Finished the day at 63.87 (up 15.54%). Good to see!
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Old 10-16-2008, 11:37 AM   #18
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The stocks are so volatile these days; it seems less strategy and more like gambling!
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Old 10-20-2008, 09:11 AM   #19
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Just bought RIMM @ $54.90. Since I bought some earlier @ $77, so my cost base is now $65.95. I am going to hold and see.
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