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.
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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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