rim

[xred]

I have had RIM every since it was around $13 way back.
Over the years have went through a 2-1 and a 3-1 split,sold some to make some profit but still
hold about 200 of them.
My book value for them are around 500 with a market value of 20K
Normally I would just say hold them cause its only a 500 investment and got along way to go to lose money but
Will Rim split again??
Will they go to 150 again, I'm not sure if they will probably but hard to say what competetors may do.


When do you sell a stock like this?
I'm in it for the long haul but make more since to take money and invest else where..

any advise and reasons?

[DCA]

First of all stop fooling yourself.  You have 20K invested not 500.  Then ask yourself the question:  "If I had 20K to invest today would I buy RIM?"

My gut feel is that RIM is going to see some downside before it goes up again.

Other considerations is the capitol gains tax.  That could very well justify holding through a moderate dip (especially true if it is a dividend paying stock).

D

[bryanmcn]

I would sell. Its below any recent lows and looking to go lower.
IMHO

[xred]

Well it's been a good run but I gonna sell.
Guess I have to find something else to invest 20K in.

[bryanmcn]

Cash IS a position.

[garilou]

Nooooooo! Cash is NOT a position.

But RIM, if you have the cash for it, is a perfect short prospect!
In the next weeks, RIM will go down between 50 to 70 $!

Short IS a position, and a very fun one!

Go for it!

[xred]

I have my doubts that RIM will drop 50-70 in next few years let alone weeks.
They will need some real compitition for that to happen and it isnt there currently

I kinda like wew.to as well
startin to hate aet even tho its not canadian eh.

[garilou]

Hey xred,
I was not talking about years!
How could we think in years in these times.
I said in the next few weeks.
Since June 23, it has already gone down almost 25$, including today's abnormal rebound! (124.10, up 6.90$)
Since the begin of June, it has been increasingly shorted, and today's rebound may be due to shorters covering after a good run down.
But let's talk about it again in a few weeks.
I could bet it will be between 85 and 95$.
Has nothing to do with competition, but a stock falling is incredibly happy to do so 

Even a "good news" like that issued on July 4th
Futureshop.ca Enters Mobile Commerce Market with RIM

did not prevent it to fall again yesterday.

What is futureshop, compared to the US Market? Ff people have to cut their expenses it will be in such beautiful gadgets.
Never buy (or hold) a stock because you like it's product!

I hope I'm wrong...

[xred]

look at that rim fall....
oh wait a minute its at 120 again how many more weeks until it drops 70 bux

[garilou]

xred,
aren't you somewhat in bad faith with me?
I do not own a crystal ball.
I would be rich if I could exactly predict the prices of stocks.

True, on July 2nd, I said: between 50 to 70.

Then in my post of July 8th, I said between 85 and 95.

When I wrote that post, (July 8th), it ended close to 124, went down to a minimum of $106.21 on July 15, down almost 8$ in a week. Now it's going up again, but we are not yet 3 weeks from my "prediction": should I go with another prediction? I guess I should not!

Why did it go up? I see a few reasons:

1. People who were short on it have started to cover their positions between July 1st and July 15. But 4.55 % of the floating shares as still shorted!

2. RIM tends to over follow the general market trends, (BETA higher then 2)

3. Statistics came out last week that the Americans, even with their fear of bad economics, are still consuming a lot.

4, And then there is the price of oil! When it goes down like it did last week, investors tend to let go their energy stocks and to look out for bargains, which RIM  was.
It has now a sort of upward trend, and might gain up to another 6 to 8$, maybe more.

I still think it will then retreat again, and doubt it will move higher then $150 before very long.

So seem to think the insiders: since one year, and mostly since February till the most recent data, insiders have not stopped selling almost daily!
I guess if they wanted to take their profits, you might want to do the same...

But if you sticked to that stock since it was $13, you made a heck of a profit on that stock and might want to hold it, because you seem to be a long long term investor and if you keep it another 5 years, it might go up again, don't know when.

It's your move! Good luck!

Louise