RE: RE: u know why its still undervalued I am relatively late to the RIM party but I have been watching the action since after the down draft after the last earnings report. Since that last big drop of $2 or about 16% decline there have not been any large or subsequent declines that exceed 12% yet, despite some crazy upward price surges. What I have noticed is that there were two or three specific days when sudden unexplained unrelentless high volume buying came out of no where to move the sp up significantly. That is the one day where it gap opened down at $11.50 only to surge above $13, the Martin Luther King US holiday where it gap opened up at $16.60 spiking to nearly $18.50, and even yesterday where the stock gap opened down at $16.60 and then at around $17.32 it suddenly spiked up nearly $1 in literally one minute!
There are clear runaway gap bars on the charts and the stock is stubbornly refusing to correct any significant amount to even fill those multiple gaps despite a rise of nearly 70% from the last base around $11. And all of this activity is occurring with huge increases in daily trading volume. The conclusion that one would logically arrive at is this is clearly an extremely strong stock and likely on the verge of potential parabolic upward price movement. We are likely in a continuation upleg from the bull run that began off its lows in the 6's, and since that last run had a base that converged around $7 and it doubled to $14, this current upleg which has a base centered around $12 would imply a near term target of $24 for another double. Looking further out on the weekly chart there is no significant technical resistance until $45, although the stock will most likely pause or correct at around $25 before its next significant move.
I think this is all due to the perfect storm brewing of extremely high short interest, potential game changing platform about to be released soon, and Apple recently stumbling with its market share and growth outlook.