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Nov options expire Friday, so maybe then ?? eom.
PALM Upgrade after upgrade ad nauseum;BARF; eom
''Vas'' I asked about that but he was noncomital of course. If anything happened it would be ''material'' and have to be properly announced. I wish i could remember more about our conversation but i just kept ranting and raving and toking whilst he kept popping blood pressure meds. LOL
MUCH THANKS PLUS...Hey 'Blue;' maybe you can thank ME. I was on the phone with RIM p/r in Waterloo on my dime for about 2-hours yesterday. I told them that they better do something fast because in the eye's of American investors rimm has turned into just a bigger PALM. Also i bitched about so much insider selling going on and said that all the Canadian stock boards were talking about it. So now both countries had somthing to negitavize about constantly. He said the selling was automated so they have no choice about where or what price and that nobody should read anything at all into it. He said he would talk to his bosses and he had me recorded and said that it sounded dire enough to fight back. (I said that everyone knocks your company now but nobody from there ever fights back.) I think that this morning's Reuters piece was ROUND ONE.!!!!!!!
Thanks again ''Blue'' Still can't get away from that ''bigger Palm'' dreck. Today yet another example. RIMM and PALM and MOT are green; whilst AAPL and NOK are red. (at time of my post.)
Much Thanks ''Blue.'' eom.
There is a reason for today. I just heard on BNN (the Canadian biz channel) that some u.s. broker downgraded it as a hold based on the new competitive environment. Target 66.
I used to notice rimm in the company of aapl. but lately it seems as if we're as red as palm and motorola whilst aapl and nokia are green.
Is it insider selling or what ??? For all this company has supposidly going for it you'd never tell by the lousy stock performance. Something's definately wrong here but what is it ??
''New Blackberry Curve 8520 joins AT&T smartphone lineup.' (cbs marketwatch.) Preloaded myspace and facebook plus music etc.
I'm still short all my December rimm puts from $64 down to and through to $58.($64-62-60-58) Rim closed tsx (Canada dollars) $66. I was short $60 thru 52 but took profits and moved up the bunch a few bucks. Bigger premiums and i'll own it if i have to.
OBV and MACD staying up because of only half-of-normal daily downside volumes compared to the recent upday volumes. New buyers are committed buyers i guess.
I miss CHI2's posts. Everything else to me just seems like a noisy contradictry waste of bandwidth. Just ''information overload.'' Sorry.
Cnbc has made PALM the big takeover candidate. Says RIMM's too big.
EVEN MORE CASE FOR MSFT GETTING OFF IT'S ASS. EVERYONE E-MAIL BALMER.!!!!!!!!!! Before was GOOG; now it's DELL. How many more coming; HP, etc etc ??????????
The only negative ?? i can find in today's news is that DELL will begin selling it's mini-3, 3-G smartphone in China and Brazil and that it also runs on the goog-android platform.
Funny, we're the only group downer so far. I wouldn't have expected that after all those great posts and links, thank you all. rimm= red; aapl, palm, nok, and mot all green.
Good; this'll suck in more shorts that'll have to cover eventually.
I think sideways for a bit. In the first week of Oct there was a lot of buying around 65-70. I think we have to grind through that for a bit. JMVHO; Bob.
We're almost at the "200' from underneath it. But daily macd is growing and up for 2-days now above the zero line. Also growing is Chailkin money flow and OBV. Technically i think it's ready to blow through both the 200 and the 50 (which is above it.) This may or may not take some grinding time but once through then i guess we're on our way to close that big dropgap. One week ?? (i hope.)
$68 Canadian TSX because of the weak u.s. dollar and strong Can one. Was $4 diff, now 3. Heading for parity i guess. Read an article on AAPL-RIMM re post-holidays. Guy thinks aapl's 'playtoy' sales will fall off after Xmas and that enterprise (corporation replacement-upgrades) will be the big worldwide rimm thingy. Even had a pic (i think Obama) with a big Blackberry. Didn't Obama say that his kids are getting i=phones but everyone else gets Blackberries ???
HEY;Walmart $100 gift card with any Blackberry device starting Nov 14 and lasting one week. Easy conditions like a 2-year signup with one of the 4 major carriers. Card can be used at anytime throughout the holiday season.
By not purposfly fully closing the early-april gapup they are gaining 2 things. First off it will remain a true ''island reversal;'' and secondly, it will forever be branded as rimm's big ''breakaway gap.''
I'm also short puts for some time now. Up in Canada, RIM is approx $4 higher because of currency differential. Closed TSX @ $63.20. I've sold 60's;58's;56's;54's and 52's all for December. Cowabunga dudes !!!
New Curve 8530 and new Storm 2 with 5.0 op system now being advertised by Verison in time for Xmas. WiFi enabled; GPS; music; games; etc etc. And if you want to keep your old Storm-1 you can download the new 5.0 to it. Many improvements to everything.
Reason for the afternoon drop is that on cnbc's 'halftime report,' both Dennis Gartman and Jon Najarian called rimm as a short. Said that it's the most broken and vulnerable of the group and now facing lots of competition from AAPL-MOT DROID and even PALM. The real @#$%^&* for today was that palm just got an upgrade. GRRRRR.....
Today VZ introduced the new Curve 8530 for $99 after rebate on the 3G network complete with GPS; WIFI-enabled; Music; Games; etc etc. Just in time for Xmas ???? Should sell a ton of those at only $99 i would think.== BOOYAH !!!
VIX 200 ma is 32.77/ eom.
T/Y for all those George. NOTE that in the Tom Bowly one (the one i'm posting on,) how he interprets that 2004 ''grinding'' that i keep yammering about. So he also thinks we're getting close to that too. The other posts (not the gold ones but the market ones) seem bullish enough to me. Therefore i'm thinking the same as them like sideways rather than any meaningful drop.
Correction to my previous post. (i didn't catch the error in time to update.) I meant 2 panic plunge WEEKS in 2008, not months. Sorry.
George re M.Burk and M.Walker. I looked back at the 2003 runup which ended right at yearend then ground sideways and down for 100 s/p points over the first 7-months of 2004. I'm wondering if we just hit that point earlier like now instead of yearend. (or even if that comparison is valid.) If i look on CHI2's weekly s/p, 1100 was the bottom of the first of the 2 panic-plunge months in 2008. (Chi2's post # 38169.)
T/Y George. We CAN'T tighten anyway. Our Cad dollar is now almost parity with yours. It's almost .97 now up a dime in 3-weeks and killing businesses here. Some are folding and others moving to mexico-india etc. That's why the job losses in private industry. But our stock markets are roaring because we're 60% commods of ALL types. Ag; Mining; O&G and 20% the world's best banks. (IMF i think said that.) The rest is retail, industrial etc.
'global tightening cycle begins'==NONSENSE!! Australia is a whole different animal from any other country. Tied right into the whole Asia infrastructure gdp play with all of their resources to sell and never even had a recession. Canada is also like Australia. The 2 most hurtful things up here are the loss in our auto manufacturing sector and too high a dollar. Otherwise everything (housing, banking, free health care, etc etc) has survived pretty much intact. TSX at 11,250 as i type. down from 15,000 but up from 7,500.
?? Starting to look like Chi2's 23.6% and the 50-dma was 'it' for an ABC-only type correction. That downtrend line sure got whacked this morning. Back to my original thesis i think (hope.) In a first-year bull mkt normal seasonality gets tossed out the window. However 2010 could be a real grinder like 2004 was. All IMHO.
I'm Stating him Wrong. Forget ABC and make it 123 upside out of 12345 of ' large-3.'; and when 'Big wave-3 continues, it will be obvious to all. YES; ===things will now slow down soon just like the first half of 2004. BUT STILL a new cyclical bull like 2004-0006-0007.etc etc. IMHO don't sell anything but buy SPY 'Leaps' 2012. These 4-year cycles are ALL THE SAME. Just different reasons each time.IMHO.
Roger that Chi2. T/Y; eom.
OK Boss.So this up is D of ABCDE down??/eom.
If tomorrow up i'll be writing some calls/eom
NAMO/NYMO=Stunning;! T/Y.! Bookmarked post 34141/EOM.
!! Grotty to-the-max duder; eom.