BBRY Research In Motion: Late to the game?

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	Wesley To
	Mill Creek, WA User since Jul 2011	64
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Late to the game?

I keep looking at this stock and saying am I too late to the game? Then I thought about the reasoning and it doesn't make sense. If I believe this stock is just delaying the inevitable that means, I still have $26.76 downside to profit from. They also just announced a 2,000 job cut, that can't help boost investors confindence...

I don't see any future in this stock as unfortunately its two biggest competitors are monsters (AAPL and GOOG). Its better late then never and maybe I can see some profits as this thing hits rock bottom.

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What People Are Saying...

Josh Warner-Burke agreed at 7/25/11 2:41 PM Price action was $26.88 -1.03 (-3.7%)

I agree, still one of the best shorts out there. Blackberry = NO BUZZ

Wesley To said at 8/15/11 1:46 PM Price action was $25.74 1.18 (+4.8%)

Hmm, with the GOOG take over of MMI, this stock will likely go up off of rumors of takeover.

Josh Warner-Burke said at 8/15/11 4:19 PM Price action was $27.11 2.55 (+10.4%)

Definitely some speculation there, some knee-jerky reaction, but as this article states it is pretty unlikely RIMM or NOK will find buyers.

http://money.cnn.com/2011/08/15/technology/thebuzz/index.htm?iid=HP_LN

Wesley To said at 9/15/11 5:00 PM Price action was $29.54 -0.18 (-0.6%)

A little pissed about this, I tried to open a new position on this as it saw $30 and thats just not right for this stock. This site wouldn't let me open a position I tried all day and now the stock is down 17% in after hours, bummer. At least my real money didn't have issues going through.

Josh Warner-Burke said at 9/15/11 9:17 PM Price action was $29.54 -0.18 (-0.6%)

Wesley, you are allowed to have two open positions on the same stock, but the timeframes have to be sufficiently different. We created it this way so that people could be short term long and long term short, if desired. But never two positions that contradict each other. Also if you wanted to close a position and open a new one, that is always an option.

Wesley To said at 11/3/11 10:56 AM Price action was $18.34 -0.58 (-3.0%)

I'm going to play the bounce this time. Its lost almost 20% in a week. Closing for a nice win.

Wesley To said at 11/22/11 11:20 AM Price action was $16.83 -0.53 (-3.1%)

I could have kept this going. This stock is dropping quick.

Mike Barkett said at 11/22/11 12:32 PM Price action was $16.91 -0.45 (-2.6%)

there's still room between here and zero!