Yesterday, Citigroup downgraded RIMM to a sell, and cut their price target to $50 from $100. Barron's take is here, and the hopelessly conflicted Citi report is below:
Smart Phones (RIMM, MOT, PALM)
Here's the chart on RIMM.
Doesn't price matter on Wall Street?
Today, a small firm, without conflict of interest that the big firms suffer from, had a different take on RIMM, recommending the stock at $55.
One report is all dressed up and fancy and conflicted, while one report is simple, and straightforward.
Which one will make you money?
RIMM Update 110309
I'd bet with the one that followed the K.I.S.S. technique.
21 comments:
what trades are you making today? a bit choppy.
I covered AXP and COF, went long AAPL calls, RIMM calls, WYNN calls and RIG calls.
which recommendation will make us money? obviously not barrons, not citi and not the small firm, whatever it was. The correct answer: Palmoni knows it all! Buy RIMM! Buy RIMM!
Which AAPL calls? I've been looking at them but they're so damn expensive!
I bought the Jan 220s on AAPL
AJL AX
Gold is making new highs, has to bode well for that Colombian company :P
I think soon you'll here something rather substantial
where do you think it can run to after the news is out?
do you think this columbia company is a buy at this level? was at this point a few months...got sliced in half and now back up.
13-14 but if they merged all their other properties into the shell, much much higher.
I'm just sitting with it--but I'll take down more after the news is out--because I'll know what the news means, and I don't think the street really will appreciate it.
Then I'm not buying with "risk"--my risk then, is confined to what is in the ground--that I'm way comfortable with--right now we have the risk of these properties not being merged into the shell.
I'd rather pay up after the news as I have enough already.
What will be the factor that prevents the properties not being merged with the shell company?
what do you think about UNG?
Greed.
They are worth too much money--and what if someone wants to carve out a piece and sell it to someone else--before it's merged into the shell?
So many people want to own gold--that they are going directly to the mining companies--they want to cut deals--and then that way, privately, the gold purchases can be done on the quiet.
Merge everything into it and you'll have a $50 stock--the stock would be higher if there wasn't that risk--and I'm discounting Country risk, gold risk, etc etc.
That's why I've been patient with it.
And because it costs a lot of money to mine the gold in the ground!
I like gold better than natural gas--UNG is just a bitch to make $ on
what Gold Plays to you recommend?
I heard that Paul hand picked his investors that are under the Foreign S.A. listing, but I can see how Greed can be an issue, especially when it involves gold!
I was told that the delay with the merger was due to disagreement over the ratios that the 28 investors would get, but that it was only temporary. I’m guessing whatever the news will be it’ll most likely involve the merger. Why invest over 7 years just to mess up the moment that these people been waiting for?
would you assume the columbia company would be a good Roth IRA play to just buy and hold for the next year or two?
Well I think you are right. I don't think it is an issue, but I'm just being overly cautious in outlining risk.
Don't ask me that question--because I have some in mine!
Lol...thanks for answering...I'm going to throw in the white towl shorting....lost alll my hard earned money in two days.
So the columbia at 8s is still a hot buy
RIMM does make you money! As advertised!!!!
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