Sunday, December 03, 2000 2:44:30 PM
RIMM is a great momentum stock to play at this time. I do think it is over valued with a PE of 1000+ but has some how been relatively unscathed by the recent bursting of the NAZ bubble.
Near term: I think it will stabilize in the 70's in the next 10 days and then has the opportunity to move upward when the presidential debate is resolved. Any upward trend at this point will only be an artificial one and will soon reverse in the latter days of Dec. and early Jan.
Long Term: I see RIMM hitting their earnings but as has been seen in other inflated stocks who have only met their earnings the price of this stock will eventually be driven down to a more reasonable PE. I see it trading b/t 45 and 50 by early next year. Maybe less.
DC
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