RE: Poxon !>What a joke. David Poxon, that moron of an analyst suggests in a feature article today on stockhouse, that RIM will be at $200 or $220 in a couple of months. This guy crack's me up! He is consistently WRONG ona ll his predicitions of the markets, stocks and other indicies.<
Agreed! He's been more wrong than right.... at times even contradicting himself. Listen to him, and lose money.
RIM is currently a day trader's stock. You have to have a strong stomach and fast fingers to play this stock. Take away the noise of the daily volatility, and you'll see a stock that is way, way over valued, and steadily correcting down to more business like, common sense, valuation. The days of romancing high tech stocks are over. Anyone buying stocks over 100 pe at this time when tech multiples are shrinking, should see a shrink! Just ask the investors who were sold this pig at $155 3 weeks ago. Betcha, their brokers are hand holding them to hold for the "long term". Yeah right! Hold for 100 years then you might break even!