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1 point posted on 06/24/08

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Michael Parness:

+0.00%

RIMM can easily go up another 20%, or down 50%

RIMM has earnings on Wednesday. This report is KEY to how we're going to play this bear market out here near term. I could be wrong and I'm not playing it at the moment, but I just have this feeling RIMM sells off post earnings. We'll see soon enough, but I will stand on the sidelines on this one, that huge market cap can easily go up another 20%, or down 50% in a heartbeat. RIMM is one of those cult stocks that can go up forever, but when forever is over it's gonna get hammered. Nearly $100 BIL market cap makes it extremely vulnerable to extreme swings. Having said that, they always blow out and keep going higher, so its tough to make a stand with conviction in front of an oncoming freight train! Choo-Choo chugga chugga! KEY report, so stay alert!

Michael "Waxie" Parness

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RIMM

Research in Motion Ltd

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loneranger

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1 point commented 1413 days ago reply

given their earnings report of a couple weeks ago it really shows how much capital had piled into that name and how unrealistic the expectations were for its growth

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Research in Motion Ltd (RIMM)

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