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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nope-1004's picture

Balsille just resigned.


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%.

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.

sun tzu's picture

I feel sorry for you dinosaurs

ffart's picture

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

maxmad's picture

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

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'.

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."

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".

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!

maxmad's picture

actually all the sheep are BULLISH

SheepDog-One's picture

CEO resigned, so up we go! Wheeeee

sun tzu's picture

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

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.

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?

SheepDog-One's picture

Balsilie? Is that really YOU?

spastic_colon's picture

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

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?

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.

Conman's picture

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

bugs_'s picture

Yahoo ][

This time guys, take the first offer.

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 ....

jonjon831983's picture

So this is a reverse AAPL play?

peekcrackers's picture


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

JaylP6's picture

Stock market bottom April 2012 -