RE: RE: RE: Warninga lot of u have emailed me about rim. to be honest this is a play purely and i mean purely on a takeover. lets be honest over here. rim is a trashy company. fundamentals are bad and they are not going to get better either. they are losing market share. so why even buy this. well as i said takeover potential or mgmt getting kicked. again some of u would not agree with me and say "why buy a company solely on takeover potential". well thats true and if you are that kind of investor then thats fine too. no need to take such a risk if u feel uncomfortable.
some ppl have asked me where do I think rim can go down to. 10-12. thats it. its not getting any cheaper than that. $3 is cash and they are still a profitable company so far so .... 10 - 12 is absolute bottom. but the best time to buy would probably be after dec 15. because we will be going to sub 15 or even below right after the quarter results are released. so for ppl who are really interested in buying this. heres what u should do. 1000 shares max buy. buy some at 15 like 250 or so. then if it comes to 12 -13 buy 250 again. and if it goes to 10-11 buy the rest (500). again this is going to be dead money for sure and we are not going higher unless we get a takeover or mgmt is kicked. mgmt getting kicked will have a spike in share price but that will be short lived for sure because the new mgmt still got to prove themselves. how high can it can go. well takeover will be at least minimum 25 - 30. nothing lesser than that. again sell straight away. what if our great canadian govt screws things up. dont even wait for a sec. instant sell on takeover. if no one takes rim out then by next year which is dec 2012 i believe RIM will be losing money. 10 more days to wait and then buy.