Investing

Oil & Gas is always a good thing to invest in...tech companies are pretty risky (unless you have cash to buy Apple stock)

I've been in oil and gas for ten years now... And I've averaged a whopping 1% per year return. The mutual fund managers did better though!
 
RIM just suicided itself releasing it's BB10 in 2013 after the busiest holiday season. Can't understand what these people are thinking. Share's down to about $7.50

http://www.ottawacitizen.com/busine...+after+devastating+results/6861205/story.html

Oil jumped to almost $85 from $78 wow in just one day. Should be interesting on Tuesday Iran has already started arming it's oil vessels with missles approaching the July 1st embargo sanction. I picked the wrong company should have gone with Suncor they are more intuned with the oil fluctuations it seems.
 
Looks like that all she wrote for RIM not a good day for tech in Canada. I know a lot of people who work there and wouldn't want to be in that position, they needed BB10 earlier not later. Hope everyone sold their shares on here before the drop today.
 
I held a faint hope for RIM, but sorry to say it..... they are done.

They really really really need to partner with Microsoft (likely), Samsung, Amazon, Facebook, etc.

If these guys think they can go it alone in 2013 with BB10, they are dreaming. They will be so far behind, and lack all the pizazz and infrastructure Google and Apple have that nobody will give them a look.

At best, they can become a niche company for enterprise and die hard bb fans, but it looks like that ship set sail too.
 
So my buddy says RIM is going "All-In"
He works for QNX and works on different aspects of BB10 and what not, theyre wanting to not make a 2nd playbook flop.

Now will it be to late for an All-In?
He's telling me that theyre not trying to save their north american market but more their Asian market (china, indonesia, india...theyre still big over there)
 
Unless your buddy is in top management circles with RIM........... NOBODY in RIM has no idea whats going on.


So my buddy says RIM is going "All-In"
He works for QNX and works on different aspects of BB10 and what not, theyre wanting to not make a 2nd playbook flop.

Now will it be to late for an All-In?
He's telling me that theyre not trying to save their north american market but more their Asian market (china, indonesia, india...theyre still big over there)
 
I'm thinking a few '00 $ gamble on RIM stock maybe? Could flop and would lose a few hundred $'s or they have a bounce that could make for a quick win?
anybody think the gamble could have value?
 
Well hes working on the software and is aware of the dealines and delays, and how theyre trying to have 2 main devices that work properly instead of having many that work crappily.
Hes not a top executive but he's in a "comfortable position". He's getting transferred to seattle (cause he decided he wanted to work from there) and he's valuable enough that they accepted his request...
Lets just say he's one of those important developpers.
Unless your buddy is in top management circles with RIM........... NOBODY in RIM has no idea whats going on.
 
No. Wait for the panic to settle down, no one know what will happen and you have a min of 3 months before next earnings and longer until next release. It could go as low as 3 until they actually prove their salt or do something drastic, or someone buys them, but that will be at some price higher than a future lower price (get it?)
Watch the implied vol until it settles below 50, if ever and do a straddle, long puts and calls atm. Just bet on vol when you can and not on the direction. Everyone is thinking palm pilots on this one. HP got a bargain there eh?

I'm thinking a few '00 $ gamble on RIM stock maybe? Could flop and would lose a few hundred $'s or they have a bounce that could make for a quick win?
anybody think the gamble could have value?
 
^ With this latest delay to BB10, RIM has at least two more quarterly results to report before BB10 shows up (IF it ever shows up). I can't see anything other than those quarterly reports being bad.

I wish I bought puts on RIM at their last quarterly report (when the stock price was around $13).
 
I'm thinking a few '00 $ gamble on RIM stock maybe? Could flop and would lose a few hundred $'s or they have a bounce that could make for a quick win?
anybody think the gamble could have value?

RIM is worth more than $3/share on their cash reserve and patents alone. I believe they are one of the few companies with $0 in debt. Though their cash reserve is running out while they gamble on the BB10 that doesn't have their familiar QWERTY keyboard.
 
oil still climbing at a fast pace. Brent oil over $100. US sent in more military reinforcements in the Strait of Hormuz. Iran test firing long range missles. Forget developing nuclear weapons anything involving oil is an instant formula for war for the US. Come on TSX open up.
 
Holy ****! RIM stock up 5% yesterday and another 6% today!


Shares of Research in Motion (RIMM) are experiencing a second day in a row of solid gains, bucking the Nasdaq Composite Index‘s 1.7% decline (which itself is worse than the other major indices) to rise 36 cents, almost 5%, to $8.05, after briefly touching a high of $8.14.
That follows a 5% rise yesterday on little news.
There’s no obvious news today to boost the shares. One of the standout press clippings this morning was a report by the Ottawa Citizen‘s Vito Pilieci claiming that the company is requiring some employees to work six-day weeks in a scramble to get its BB10 operating system out the door for the next generation of BlackBerry devices.
That bit of news could be positive or negative, depending on how one interprets it.
Calls this afternoon have yielded little, save for a remark by BGC Financial‘s Colin Gillis that the stock is probably riding on the coat-tails of this morning’s article by Bloomberg about Amazon.com (AMZN) possibly making its own phone.
If you want to get into the phone business, points out Gillis, these days you want to secure intellectual property. Obviously, RIM has that and its shares are dirt cheap. Amazon is one of two giant companies with mobile ambitions, deep pockets, and no prior smartphone expertise, the other being Facebook (FB), he observes.
Anything’s possible, Gillis tells me, though he has no special knowledge of any potential deals at this point.

http://blogs.barrons.com/techtrader...p-almost-6-riding-ma-rumors/?mod=yahoobarrons
 
Holy ****! RIM stock up 5% yesterday and another 6% today!

RIM will go back down the next 2 quarters after they release their quarterly lose and in 6 months panic will set in as their $2 billion cash reserve dwindles to 0. Than that's when it's best to hit it as the stock will spike briefly with the anticipation of BB10 release. Than when people realize what a piece of crap it is stocks will go back down and that would be the end of RIM.
 
Short term MACD, STO and RSI are looking positive and should fill the gap @ 9.00. After that selling may come in for those exiting. There has been heavy volume on the downside earlier end of Mar and beginning of May. Needs to break and hold above 9.50 and get to support above the 50 DMA @10.50 then firm @ 11.06 which is the 38.2% Fibonacci retracement. 200 DMA is above 15.00. Volume to the upside has been above average the last 2 wks. Keep an eye on the financial report for trend.
 
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