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For Christmas. A price and volume reversal day with a close above the '200.' Please Santa. Thank You. Seasons greetings to all RIMM investors-traders who feel like they've got a brain full of out-of-control ping pong balls. Time for my meds. GOOD LUCK ALL.!!!!!!...........
IMHO just end-of-year tax-loss selling. Any stock that has people locked into losses all over the map from $140 down to here has GOT to get hit badly with tax-loss selling.
BTW= Thank you all for pertinant mailboxing me !! Hope you all think i'm worth being here. (b42= bob 1942.)
UBS downgrade say the Canadian RIM posters on the bullboards at Stockhouse.com. I'm thinking of asking my doc to prescribe prozac to this manic-depressive )(*&^%$@#$%^&*()_..........EDIT Just confirmed; Ubs put it on it's ''least prefered'' list. SHEESH. !!!
The 200 dma is 68 bucks. We'll see./EOM.
A statistic worth keeping in mind. If memory serves me, we've got i think 39-million subscribers at latest count. In 2010 i'll bet we've got at least 700-million Eastern Hemisphere 'qualified potentials' from Russia to New Zealand and the 'big east' from there. All we have to do is get 10-20% of that and we've doubled/tripled our subscriber base in just one or two years. That leaves TONS of room for 'the competition.' JMHO.
Going forward. (So far i've been pretty good at this.) ALL moving averages are turning up. The last was 'the 50.' Almost record volume all on the buy side. China, India. South America and Europe and more, (Total 4-Billion) we have a WAY headstart on Everybody else. VALUE GALORE as in 2-years ago at $140 we had half of today's numbers. Today at half that price ($70) we have TWICE THOSE NUMBERS. SHEESH !!!! Plus now even the Weekly MACD has crossed to the upside above the zero line AND the daily OBV is now off-the charts. IMHO It's a 5-star ''buy-and-hold.'' ( b42== bob 1942.)
Biggest 'upvolume day' since ?? ever ??/ EOM.
''China Mobile launches new Blackberry IM and E-mail service plan.''(from the rimm website under today's news releases.)
The whole day so far is above the '200ma.' Even today's low is above it so far. The '200' is at $67.81. We backtested 'the 50' twice after breaking through it to the upside. Hopefully we have a deja vu with 'the 200.'
!!!!...COMPLETE blowout on ALL numbers,,,,EOM.
From the rimm website under press releases;;Russia....''MTS and RIMM announce the Blackberry Curve 8520 for customers in Russia.''
RIMM e-mail outages/technical problems today of all days. (Source BNN Canada biz channel.) GRRRRRRRR.............
Once again the '50' was support/bounce (so far.)EOM.
COWABUNGA DUDER HORSESHOE !!!!////EOM.
RIMM came back to the 50 dma and found support (for now.) I'm not too worried about Thurs 4 p.m. earnings or 5 p.m. conference call as i think that almost ALL negatives are Already baked into the stock price over the past two months of 'drop-n-grind.' I'd be more suspicious of a drop if the stock ran to 70 or more between here and Thurs 'afterhours.'
Blackberry ''App World'' launches today in Australia and N.Z. (From the RIMM website under press releases.) IMHO North America will soon be far down on our ''important list'' and Europe and Asia with 20 times n.a.'s population will be way-way-way up for our revs and earnings. Just imagine a year from now.
We're now in Pakistan thru Zong; Alcatel-Lucent.,,,Goal; Capture the east before the others. Big push on RIGHT NOW.
Best up-volume in a month plus closed solidly above the 50 dma (even better in Toronto,) and also turned the '50' north a tick from 62.87 to 62.90. So now all moving averages are on an uptrend. The 40-week; 200 dma; and the '50' (by a sliver.)
Major Short-Squeeze IMHO;,,,,EOM.
YEEEEEHHAAAAWWWWWWNM!!!!!!!!!!!!!!!!!!!!!/EOM.
The '50' and '200;'= 62.87 which we are slightly above (the '50') as i post, and 66.88 on the '200' which i think we might just blast thru soon. Interesting that on the last few updays the '50' has changed from downtrend to just sideways preparing (IMHO) to go uptrend.
'catty;' it all depends on either how or even if, the news will be disapointing so it's almost impossible to answer. Personally i feel that after the big drops and still being close to the last bottom area that any ''off'' news is probably already baked in. I expect it might even start a new trend higher regardless of dec 17. Note how they keep promoting the latest string of good news ?? Now we've got both India AND China. India thru tata-docomo and we gave China mobile a good spanking for their lack of promotion since we've been there since 2006. Between those 2 countries are a middle class/ business class bigger than the entire north american population. ''What, me worry.??''
LOL; Sorry i screamed in rage; lol. eom.
NO. Did you not read my post ??? Dec 17 AFTER 4 pm. Then Conf call at 5 p.m.
WEEKLY MACD NOW just scraped ABOVE the zero line. The daily macd has been above zero for a month already. Also OBV is looking GREAT. !!!
Dec 17 after 4 p.m. Conf Call starts @ 5:00./eom.
''Second Sony-Erikson smartphone again software problems. Hit by software problems in Britain ahead of crucial sales season.''(CNBC RIMM news page.)
The 10-day chart looks like a 'W' with a higher second bottom. Main breakout is at last high around 61.50. One month chart shows the same thing with the 'big' breakout point around $65.
New...RIMM dominates smart phone sales in U.S. (From Toronto Globe & Mail.) They did it with the Curve promotion. $85 2-for-1 or something like that. I think that to get the deals 2-year carrier contracts had to be signed up. (Steadier, longer monthly income to RIMM ??)
Reason for the total fade since noon as far as i can tell. Headline quote from all the news services that i follow. '''Klausner Tech sues RIMM and MOT for patent infringement on it's 'visual voicemail enhancement.''' Evidently RIMM already deals with them ok but not on the new 'Bold 9700' for some reason. Need RIMM to respond for us.
China Telecom looking to add RIMM and PALM. (Zacks.com from Seeking Alpha.)
I can't link it but RBC Capital Markets did a great upgrade piece on RIM entitled ''Rim Counterpunches at Developers Conference.'' Maybe it could be googled ?? I read it on a Cdn website and it's dynamite.
THX;!!! that AMZN news might be doing it / eom.
I can't call this ''rimm-specific' today. Naz down 50; u.s.dollar strong; all mkts in the hole; and palm-aapl-mot down as much and even more than rimm percentage-wise.
!!! Thanks 'Blue' for trying to keep us encouraged./eom.
This might help. Remember Nov 9, the first day of the buyback ?? That morning opened on a big volume spike right around today's low. From today's low we went up about .50 cents to the close. So either some 'smart' people remembered or maybe the company itself stepped in exactly where they did on the first day of the buyback.
Not interested in that one Vas; not at all.eom
Three MSFT shares for me. No cash nec/ eom.
Want to rant like i did yesterday; here's the number; === 1-519-888-7465 and ask for 'investor relations.'