RIMMOnly last week RIM was well over $100 and now in the blink of an eye the share price plummets. The same analysts who were acreaming buy! buy! buy! are now downgrading the company...the same persons who said you can't apply P/E analysis to companies like RIM (and you can't) are saying the P/E is now way out of line...give me a break! Your opinions change with the direction of the wind.
RIMM has cash...lots of it...they have products...good products...the potential products in the pipeline represent hundreds of millions in revenues...perhaps billions...thats why the share price was $150+...the fundamentals have not changed and the potential of this company has not changed!
RIMM meets earning expectations, and then dare to say that they are going to increase MArketing and Sales in order to increase sales... the analyst go nuts telling us to sell....Jesus!!! you got to market your product to sell...how do else do you expect to meet the revenue projections...where did these analysts get there credentials???? Then like cattle being led to the slaughter...the retail investors throw their life savings away in panic...while the same analysts who downgraded it are buying! buying! buying!....in a few weeks again when they are loaded up they will screaming to the cattlle to BUY! BUY! BUY!...don't be manipulated!
I am in big time now...bought NT as well as RIM ...I have made so much money since January it is unbelievable....I now own RIM @$70 and lots of it...I will hold on till it bounce back to $100+ range and it will...this is a great opportunity if you have cash!