The Reason For The RIMM Bounce

Tyler Durden's picture


Simply said: the results were not bad enough. And with 60 million shares short, or almost a doubling in the short interest in a few months, absolutely everyone is bearish, and one may just see a SHLD type squeeze in the stock if and as a covering panic picks up.

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Thu, 03/29/2012 - 17:32 | 2301932 nope-1004
nope-1004's picture

Balsille just resigned.


Thu, 03/29/2012 - 17:42 | 2301975 Bam_Man
Bam_Man's picture

Good riddance.

Now he can spend 100% of his time looking for a hockey team to buy instead of just 95%.

Thu, 03/29/2012 - 19:53 | 2302235 malikai
malikai's picture


Thu, 03/29/2012 - 21:07 | 2302443 Fukushima Sam
Fukushima Sam's picture

Anyone who does REAL WORK would much rather have a BB than an iPhone or Android because you can actually type on it and the email integration is mature.  My new BB is super light and thin and I laugh at the people who have an Android brick.  I think if BB sticks it out through this period of smartphone mania and continue to improve their platform then they should be able to eventually recover market share.  I know a lot of people who regret choosing a smartphone over a BB and look at mine longingly.

Fri, 03/30/2012 - 00:34 | 2302741 sun tzu
sun tzu's picture

I feel sorry for you dinosaurs

Fri, 03/30/2012 - 09:05 | 2303160 ffart
ffart's picture

What if my work doesn't involve sending e-mails all days

Thu, 03/29/2012 - 17:33 | 2301937 maxmad
maxmad's picture

even a cat will bounce a bit when thrown out of a 100 story  building...

Thu, 03/29/2012 - 19:47 | 2302211 Deo vindice
Deo vindice's picture

You know, I've heard that repeatedly. But has anyone every actually tried to drop a cat out of a skyscraper?

I am almost positive it would simply go 'splat'.

Thu, 03/29/2012 - 20:09 | 2302281 malikai
malikai's picture

One word: Rigormortis.

Thu, 03/29/2012 - 20:28 | 2302340 ChrisFromMorningside
ChrisFromMorningside's picture

As a feline lover, I'm red-arrowing the above three comments. Only Bankers, Government Bureaucrats and TSA Agents deserve to be thrown out of 100-story skyscrapers.

He also politely requests that we stop referring to "dead cat bounces" and start using the correct term "dead banker bounces."

Thu, 03/29/2012 - 22:27 | 2302582 FrankDrakman
FrankDrakman's picture

Feh. As a good friend once put it, "the only good thing about cats is the way they curl around your foot when you kick them".

Thu, 03/29/2012 - 17:33 | 2301938 SheepDog-One
SheepDog-One's picture

OH 'everyone is bearish' I see yet the DOW and other indexes are is within a few % of all time bubble-top highs....sure I see....everyone too bearish for stocks to tank, so then BULLISH!

Thu, 03/29/2012 - 17:34 | 2301942 maxmad
maxmad's picture

actually all the sheep are BULLISH

Thu, 03/29/2012 - 17:36 | 2301950 SheepDog-One
SheepDog-One's picture

CEO resigned, so up we go! Wheeeee

Fri, 03/30/2012 - 00:37 | 2302744 sun tzu
sun tzu's picture

Shitty CEO resigning is bullish. Look at HP when carly Fiorina resigned.

Thu, 03/29/2012 - 17:35 | 2301947 Conman
Conman's picture

Bizzaro markets - all data is bullish becuase Ben and Timmy will send in the PPT whenever theres 1 more more red days.

Thu, 03/29/2012 - 17:36 | 2301951 Bam_Man
Bam_Man's picture

The loss being reported is due to a write-off of goodwill which is strictly an accounting entry and has no bearing on cash flow - only "book value" - which is still around $19.00 a share. They hold a huge portfolio of extremely valuable patents and have a global subscriber base of more than 70MM which is still growing.

So many people seem to "have it in" for this company. I don't understand it. They actually earned $0.80/share for the quarter and the stock is already down 80% in the past year. Why do some people think this stock should be worth practically nothing? Because all the big prop trading desks and hedge funds have shorted the hell out of it?

Thu, 03/29/2012 - 17:45 | 2301984 SheepDog-One
SheepDog-One's picture

Balsilie? Is that really YOU?

Thu, 03/29/2012 - 18:08 | 2302019 spastic_colon
spastic_colon's picture

its the short RIMM go long AAPL trade.....with sovereign funds of course

Thu, 03/29/2012 - 20:30 | 2302355 ChrisFromMorningside
ChrisFromMorningside's picture

Indeed. Everyone just wants RIMM out of business so that AAPL can be cleared to hit $1,000. Don't you know monopolies are more efficient than free-markets?

Thu, 03/29/2012 - 18:20 | 2302036 adr
adr's picture

Like I said a few days ago. Looking like you're going out of business is the biggest bullish indicator of all.

Best Buy screwed up big time. Instead of annoucing the closure of 50 stores they should have announced closing 500. The stock would have rallied 20% on that news.

The buying spree on RIMM stock is due to the expectation of a buyout. Everyone wants in at $14 for the eventual buyout offer of $30 a share or more. At least that is how its supposed to work.

Thu, 03/29/2012 - 18:24 | 2302045 Conman
Conman's picture

That did not work out for those who bought palm pre HP buyout.

Thu, 03/29/2012 - 18:22 | 2302042 bugs_
bugs_'s picture

Yahoo ][

This time guys, take the first offer.

Thu, 03/29/2012 - 20:29 | 2302352 RussellChester8
RussellChester8's picture

my friend's sister makes $74/hr on the computer. She has been out of a job for seven months but last month her check was $17871 just working on the computer for a few hours. Read more on this site ....

Thu, 03/29/2012 - 21:52 | 2302525 jonjon831983
jonjon831983's picture

So this is a reverse AAPL play?

Thu, 03/29/2012 - 21:56 | 2302528 peekcrackers
peekcrackers's picture


dude your friends sister is hooker doing glory holes at roscoe's waffle house.. dont kid yourself

Fri, 03/30/2012 - 08:23 | 2303054 JaylP6
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Stock market bottom April 2012 -

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