Petrominerales Ltd PMGLF

RE: RE: RE: RE: Insider buys 37000 shares

[soberinvestor]

Rim knows it lost market share in NA. It is targeting Asia and Africa and so far it is pretty successful. It also doesn’t count much on just selling BBs, it is planning to widen it various services and has open platform to developers and the like. I think RIM is trying to capitalize on some areas that are still in its infancy or yet uncovered. The worst case scenario for me is double from its price now within 6-12 months, just based on release of BB10 and some hype supporting it. They increased customer base from 78 to 80 mln just recently and w/o new product Of course it’s not happening in NA, they’re yet to regain the market share but. IMO they don’t have to do much to double or triple and if they do bit more with BB10 it’ll rock. SP is now below half the book value and Apple’s is many multiples if it. I see money leaving Apple (look at its SP slide) and if not yet put on RIM then sitting and waiting for more news. RIMs cash and short term investments is 2.3 billion more than half of SP. Did you see what happened when the released Q2 235 mln losses less than expected, SP jumped almost 20%. IMO this is a time bomb, ready to explode if Q3 alone repeats lower than anticipated loss and release of BB10 in 1^st Q of 2013 should do the job. Well for me it is the best risk/reward stock now on earth anyway