Prophecy
RIMM is going to way of PALM.
Any doubters should go to CNBC.com and watch the interview that happened about a week ago w/ one of the co-ceo's. Sitting there holding his tablet and saying it was the best technology out there, it is SO obvious he doesn't believe a word of what he is saying.
MARK MY WORDS!
In other news, the sun is going to set tonight.
Sorry HPM, I'm usually too late to the party, kind of like this guy.
So, either of you going to take a position? I took a short position in PALM around $9 but lost my nerve with the volatility. I can' t imagine they are going to go out of business completely, I mean there will always be business demand.... but 20 billion market cap - there is no way that is sustainable.
Any thoughts?
Dude, you should have taken a position a year ago, the writing has been on the wall for RIM for a long time. I'm not taking a position because I have stuff I find more compelling.
Why short RIMM when you can short NFLX, OPEN, PCLN, and CRM? (I'm actually short these names)
At this valuation RIMM is not a good short. I'd rate it a hold.
I guess the way I look at it is that some of those companies (NFLX, OPEN) have a a strong product to offer and plenty of room to grow. Sure they might be expensive (and RIMM relatively inexpensive) but RIMM's money maker seems to be faltering big time - and they threw a hail mary with their tablet - and failed.
There is nowhere for them to go now. Some of those other companies have bright futures long-term
I think you need some sort of catalyst for RIMM to break out on the downside. Their woes have been priced in for a while so unless you see signs of corporate users shifting away en masse, which would translate into brutal earnings, I would look elsewhere.
Predicting this is like predicting that people will be idiots, its just a given.
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