Media: RIMM Will Get Worse Before Any Takeout

If you’re long $RIMM, I’m sorry.  The stock’s been in a downtrend for years now and the earnings estimates have gone lower every quarter.  And please don’t recite that “70 million users” statistic like that’s really going to be the number 90 days out or 180 days out.  Users are switching as soon as their contracts end to anything but BlackBerry.

I was one of the Fast Money traders today on CNBC, we opened the show with a look at what might happen here.  As you’ll see, I predict pain before anything good can happen.  I have no position short or long.

Source:

CNBC

 

 

What's been said:

Discussions found on the web
  1. bitcoin era review commented on Sep 22

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2011/12/02/media-rimm-will-get-worse-before-any-takeout/ […]

  2. https://bitcoinevolutiononline.com commented on Oct 02

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2011/12/02/media-rimm-will-get-worse-before-any-takeout/ […]

  3. cum sa faci commented on Oct 30

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2011/12/02/media-rimm-will-get-worse-before-any-takeout/ […]

  4. Online reputation management commented on Nov 23

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2011/12/02/media-rimm-will-get-worse-before-any-takeout/ […]