blackberry stock advice

The street has been wanting RIM to do that for over a year now. Its probably a good idea to ditch hardware and to just be a software/service provider if that in itself is viable. Just seems impossible trying to keep up with companies like Samsung that can pump out new hardware every day.

On a positive note, RIM is enjoying another day of gains on the TSX while the yanks sign in Obama. It's sort of flat at $17 on lots of volume. Incredible rise so far. Surely this is squeezing those shorts.
 
A few minutes later it peaks at 18.49 and its now sitting at $18.18.

Whatever opinions you may possess on the company itself. Can't deny that this stock has been on an incredible run.
 
toshison said:
A few minutes later it peaks at 18.49 and its now sitting at $18.18.

Whatever opinions you may possess on the company itself. Can't deny that this stock has been on an incredible run.
Click to expand...

I was involved, peripherally, with a Canadian biotech IPO once. The amount of spin and lack of susbstance involved was eye-openingly astounding. Plenty of people made some short term cash out of that company which not too long afterwards did a spectacular swan dive to its death when it became apparent they had bugger all to begin with. Making money is one thing..deceiving/spinning/adding to the hype is another. For this reason alone I'd be highly suspicious of anything I hear/read about upcoming events involving canadian companies and stock.
 
Well, Friday's trade is now seriously in the money, but I'm not about to repeat it. At the moment, I own the stock but I'm short a Feb $16 call against it. I think I'll just let it run and get called away (unless it sells off in the meantime - but at the moment, there's a bit of cushion against that happening).
 
If you're asking for stock advice on GTAM, may I make the suggestion that you DO NOT get into stocks. You may get lucky with earning 15, 20% for a few rounds, but if you have little knowledge of the firm, market, investment psychologies, and aren't following news at least once every other hour, you'll eventually get burnt. It's like asking supermarket cashiers how to file your taxes.

But I know those not the words you wanted hear. If you do decide to play (and I hope it's in an field you're knowledgable in), I suggest using the Questrade online platform. $4.95-9.95 per basic trade depending on volume, low min. balance (something like 250USD... forgot exactly how much). And of course, Warren Buffet's wise words: "Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful. "
 
Analyst....“There are several emerging data points that suggest this may be a more successful product cycle than many expected.”

Fearless prediction : the stock will continue the run up until launch day. then after launch, some influential analyst will find some issue, and the stock will lose steam.


Can't wait to see how this plays out.


 
SunnY S said:
Analyst....“There are several emerging data points that suggest this may be a more successful product cycle than many expected.”

Fearless prediction : the stock will continue the run up until launch day. then after launch, some influential analyst will find some issue, and the stock will lose steam.


Can't wait to see how this plays out.
Click to expand...

The biggest effect will happen months from now when sales/subscriber figures are released.
It could be the greatest thing since sliced bread, but if no one buys....makes no difference.
 
karentsang said:
If you're asking for stock advice on GTAM, may I make the suggestion that you DO NOT get into stocks. You may get lucky with earning 15, 20% for a few rounds, but if you have little knowledge of the firm, market, investment psychologies, and aren't following news at least once every other hour, you'll eventually get burnt. It's like asking supermarket cashiers how to file your taxes.

But I know those not the words you wanted hear. If you do decide to play (and I hope it's in an field you're knowledgable in), I suggest using the Questrade online platform. $4.95-9.95 per basic trade depending on volume, low min. balance (something like 250USD... forgot exactly how much). And of course, Warren Buffet's wise words: "Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful. "
Click to expand...

I use questrade, and they are unreliable. I have placed two trades and they failed to execute for whatever reason. Most recently, and Notably, RIM at @ 10 something at the market. For **** sakes, if a broker can't do a trade at the market, they can forget my future business.
 
Wow, I would be royally ****** off if it happened "for no reason". Did you investigate why with QT?? They would likely have record of all requested transactions, whether they were executed or not.

ItIsWhatItIs said:
I use questrade, and they are unreliable. I have placed two trades and they failed to execute for whatever reason. Most recently, and Notably, RIM at @ 10 something at the market. For **** sakes, if a broker can't do a trade at the market, they can forget my future business.
Click to expand...
 
ItIsWhatItIs said:
I use questrade, and they are unreliable. I have placed two trades and they failed to execute for whatever reason. Most recently, and Notably, RIM at @ 10 something at the market. For **** sakes, if a broker can't do a trade at the market, they can forget my future business.
Click to expand...


I have been using Questrade for I guess 3-4 years now. They are sort of getting better but they do have technical issues which do get in the way sometimes. Also, I had a stock of a company that did a name change, and it got all screwed up in my portfolio where I couldn't even trade it and it took Questrade 2 weeks to resolve the issue. Ive also experienced some outages of the trading platform which were very ill-timed and I missed some opportunities as a result. So, Im not so sure I would recommend Questrade to anybody before I tested out some of the competition.
 
karentsang said:
If you're asking for stock advice on GTAM, may I make the suggestion that you DO NOT get into stocks. You may get lucky with earning 15, 20% for a few rounds, but if you have little knowledge of the firm, market, investment psychologies, and aren't following news at least once every other hour, you'll eventually get burnt.
Click to expand...

pfft, listening to talking heads who would rather (or can only) blow hot air rather than make money. Trying to trade on news is another way to eventually get burnt. All the talk of rim share prices in the news lately means you've already missed the boat.
 
roadtoruin said:
pfft, listening to talking heads who would rather (or can only) blow hot air rather than make money. Trying to trade on news is another way to eventually get burnt. All the talk of rim share prices in the news lately means you've already missed the boat.
Click to expand...


I don't trust the share price of RIM, if market buy and sell orders are not being carried out, the price is misleading. If I did get in at 10 I would be dumping it before the release date of their new OS, which is days away. Now is not the time to get into RIM, wait until there is a pull back. Assess, the why, and then decide.
Forum Sponsor
 
You must log in or register to reply here.
Back
Top Bottom