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RIMM was moving nice with the rest of the pack AAPL, GOOG, Ect After the dow started to bounce...then RIMM got downgraded. It dropped 25% and any time a good stock like RIMM, AAPL, GOOG, BIDU, GRMN, ect Dropps like that...it's a good buying opportunity!
RIMM could easily go back to $120-125 IMO....also earinings comming up at the End of December...if they're blowout, this could explode!
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I think the stock market is just heating up...Bush's subprime plan is a perfect setup for the interest rate cut comming IMO...this was planned! Seems too perfect!
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RIMM is like AAPL it may be going down a bit here, but its going to be a winner for a long long time...blackberry eats up the whole business market for cell phones, and now with the text messaging on airplanes etc..I think RIMM is a long term winner.
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ACE I'm becoming a little unnerved with RIMM...figured after the pullback it would recover sort of like Apple did when it was at $180 dipped to $150 now at $194. However, one question I'm now asking myself is besides blackberrys what other revenue streams do they have? How many more people can buy blackberrys to spur their growth and continue a long term uptrend. I'm a little nervous about this one, especially with earnings coming up and the stock declining. Thoughts?
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RIMM is bringing blackberries to china...there are tons of emergin markets that will eat up blackberries in the future! earning are a week and a half away! If the market reacts well to the rate cut, this can go up imo! We'll see after 2:oo pm eastern
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Another thing, and I'm not saying this is typical or would have any real impact on the bottom line, but I doubt much of their sales comes from individuals purchasing them on their own. Pretty much everyone I know that has one got it from their work, and I know a ton of people that get a new one whenever an upgrade comes out. Not sure how long that will keep going though.
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quote:Originally posted by PCola77: Another thing, and I'm not saying this is typical or would have any real impact on the bottom line, but I doubt much of their sales comes from individuals purchasing them on their own. Pretty much everyone I know that has one got it from their work, and I know a ton of people that get a new one whenever an upgrade comes out. Not sure how long that will keep going though.
Good point, but for business productivity still seems like Blackbery really is the only option. An expansion to China seems promising.
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Yeah this got nailed today! Dont understand how rates going down would hurt the stock, they dont even rely on the interest rates to run their business. Good to see aapl got hit decently too. Sucks though that I just got in at $104 the other day and its already at $97
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quote:Originally posted by stocktrader22: Yeah this got nailed today! Dont understand how rates going down would hurt the stock, they dont even rely on the interest rates to run their business. Good to see aapl got hit decently too. Sucks though that I just got in at $104 the other day and its already at $97
stocktrader22....it effects the whole market! Rate cuts effect the whole economy, so the whole market reacts, not just some sectors or stocks! The whole DOW. If you noticed it just wasn't RIMM and AAPL that got hit...the WHOLE dow dropped like a knife 300 points right after the rate news this afternoon!
the interest rate cuts effect the DOW which effect all stocks, except mabey the Big Board penny stocks, or stocks with super momo!
In August and september when the DOW and all the stocks rallied big time...that's when the interest rates were cut also...in August and September when the market soared like a Mother F#cker....You need to pay attention to DOW...all stocks follow it! Everyone new the decison on the rate cut would come out around 2:00 eastern!
Once I saw the REACTION I bought QID and sold everything!
just study the DOW chart and you'll notice that AAPL, GOOG, and all the good ETF's and stocks follow it! Of course earnings and news in between the cycles play a part, but for the most part that's how it works!
QID shoud rally short term!
Holding any stock into the RATE cut news this afternoon....was like holding a stock into earnings IMO...just a gamble!
Read the news on yahoo finance homepage everyday to know what going on with the DOW and the market in general...and you will know when moves like this will happen...all the major stocks follow the dow! even the china ETF (FXI). Here is the link!
A 300 point dropp is pretty big...the market might be in a down trend short term now! You might want to sell RIMM...RIMM could go up again, but I think will trend down with the DOW if this continues!
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quote:Originally posted by stocktrader22: Yeah this got nailed today! Dont understand how rates going down would hurt the stock, they dont even rely on the interest rates to run their business. Good to see aapl got hit decently too. Sucks though that I just got in at $104 the other day and its already at $97
stocktrader22....it effects the whole market! Rate cuts effect the whole economy, so the whole market reacts, not just some sectors or stocks! The whole DOW. If you noticed it just wasn't RIMM and AAPL that got hit...the WHOLE dow dropped like a knife 300 points right after the rate news this afternoon!
the interest rate cuts effect the DOW which effect all stocks, except mabey the Big Board penny stocks, or stocks with super momo!
In August and september when the DOW and all the stocks rallied big time...that's when the interest rates were cut also...in August and September when the market soared like a Mother F#cker....You need to pay attention to DOW...all stocks follow it! Everyone new the decison on the rate cut would come out around 2:00 eastern!
Once I saw the REACTION I bought QID and sold everything!
just study the DOW chart and you'll notice that AAPL, GOOG, and all the good ETF's and stocks follow it! Of course earnings and news in between the cycles play a part, but for the most part that's how it works!
QID shoud rally short term!
Holding any stock into the RATE cut news this afternoon....was like holding a stock into earnings IMO...just a gamble!
Read the news on yahoo finance homepage everyday to know what going on with the DOW and the market in general...and you will know when moves like this will happen...all the major stocks follow the dow! even the china ETF (FXI). Here is the link!
A 300 point dropp is pretty big...the market might be in a down trend short term now! You might want to sell RIMM...RIMM could go up again, but I think will trend down with the DOW if this continues!
Too much capital is in this right now for me to take the loss and move on. Earnings comes shortly, but even so I didn't realize China distribution didn't start yet and will in January 2008. The stock should rally all of 2008 with this IMO
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I agree...and if you look at the chart above, even when the market sold off hard in august and november...RIMM's RSI never hits 30 Like other GREAT stocks. And if you look at the very few times the stochastics hit below 20, it took off! So for the long term, your entry to RIMM isn't bad at all! That's why I started this thread. Good Luck and I admire you patience! It should pay off!
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RIMM, AAPL, GOOG...you can flip these suckers With ease, a few times a year! Just follow the Dow chart! And in between mabey play QID....I don't like to short, so I buy a short ETF!
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quote:Originally posted by TimW: Typical BS... downgrade stocks to tear the price up in anticipation to buy on the next move.
BAHH!!!
True and you gotta play that BS to your bank! I'm long RIMM anyways, so I'm more concerned about forward guidance. To me, this one's a no brainer. Their expected 4Q is rediculously low in my opinion.
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