Tuesday, January 29, 2013

Moment of truth for RIM

If this BB10 puppy is a dog RIM is worth somewhere around $8 or $10.

The stock has gone down the last couple of days because everybody who piled in on the speculation that BB 10 was going to be a home run has been cashing out.

As they should. It needs to be a home run to justify a share price in the 18-20  range. Mind you, some happy  sales numbers and positive reviews could easily push the stock to $40 in the near term.

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