I will continue to maintain that it is a case of Too Little Too Late.

For my company, we moved 37 Blackberries over to iPhones. We were tired of RIMM global outages, and the iPhones have been more reliable.

Even though you can configure them for use with ActiveSync with BB OS 6 an up, 5 and lower are chained to a the BES server, which I'll bet most businesses can't get rid of fast enough.

It will be interesting to see if RIMM can come from behind, but I wouldn't put *my* money on it.

As Karl might say, "I hate the company, but I like money." As long as the company is soaring higher in the markets, take the relatively free money.

5 minute load times from startup. Random freezing requiring a battery pull. Hourglass at random times. Terrible battery life. Viewing spreadsheets, pdfs, etc is terrible. The internet browser is total 100% ****. What's there to like about BB? I don't see how people could switch from Iphones to BB given the garbage that BB has put out in the past regardless of how good BB10 is. That is assuming BB10 ever comes out...

The Playbook, which effectively is BB10 in terms of the operating system and browser, has the best browser of any mobile device I've ever used. Period.

Battery life? Exemplary. Same deal -- power management under QNX just plain works. Power budget in a mobile device is difficult to get right but is a huge part of the total user experience.

IF that translates into the BB10 handsets it's a monster winner in the handset market in terms of Internet use.

But this isn't about the company, it's about the stock, and just as with BAC, on which I made a nice chunk of cash despite the fact that I think Bank of Scamerica is a terribly run firm, trading is about making money and if the goal is a green number on your screen you were a fool if you ignored the technical way the stock was behaving last week and didn't take advantage of it.

I started highlighting it last week in the videos along with TICKS and it has paid off BIG.

I own RIMM indirectly through Fairfax. Hoping BB10 ends up being the real deal. Plus I like anything that can give AAPL some competition. Congrats to those that got the timing of this move!

I'm not currently a gold member, just because I don't have the time to focus on trading. But if you're someone that is trading at least weekly, you really owe it to yourself to "go gold" and watch Karl's videos.

I bought RIMM at 13.49 back in April. Still holding on hoping to make a profit. I think if BB10 is even mildly successful, making a decent profit should be no problem. Though obviously, my timing was way off on this one.

Trading is fine and I definitely understand that. Congrats on the call. You did include commentary hinting at their long term prospects with BB10 though.

How many people know what a playbook is? How many know what an Ipad is? I don't think I saw one black friday ad for a playbook? They had to give the price a huge chop from 500 to 200 to even move the things. If the playbook is so great, why have they only sold 1.74M playbooks since the launch? AAPL sold 14M ipads last QUARTER.

The analyst upgrade today said they expected BB to ship 35.5M devices in fiscal year 2014. AAPL sold 27M iphones this past QUARTER.

Where's the excitement about BB10 launch? People were lined up around the store for the 5th iphone launch. No one tells their friends hey I'm waiting outside the store for the new Blackberry. I reckon the only folks that are going to be buying BB10 are govts and corporations but even they have started moving towards iphones.

They let the market get away from them and it is already heavily shifted to AAPL as seen from the above metrics. RIMM was a complacent dinosaur with their inferior products and thought AAPL wouldn't even compete. As a result, RIMM has put out the same old same old relative garbage for years. With their track record, how are they gonna convince those people to give up the iphone and come back to BB?

Maybe I'll eat crow on this but I think they are too far behind to make a comeback. Too little too late as said above.


PS: Was just looking at RIMMs latest quarterly, why are they reconciling out 1001 million in amortization on their six month cashflow statement when the six month amortization charge on the income statement is only 360 million? Aren't those supposed to match? If not, why? Thanks

http://www.rim.com/investors/documents/p....

Quote:

Where's the excitement about BB10 launch? People were lined up around the store for the 5th iphone launch. No one tells their friends hey I'm waiting outside the store for the new Blackberry. I reckon the only folks that are going to be buying BB10 are govts and corporations but even they have started moving towards iphones.

Couple of things. I guess this would fall under the topic of "perspective". You/we are not going to see anything out of RIMM that looks like "excitement" compared to AAPL and its various offerings; and the theatre they encourage with their new product launches, et al. That's simply not in the cards, nobody expects RIMM to displace AAPL nor even achieve 1/500th the excitement. Hell, many people on this forum like their Samsung stuff as much or more than AAPL (me, I have a larval cel phone and so I'm not even in on this) and Samsung doesn't have any sort of cachet, at least as far as I can tell. Yet many users are very happy and technically impressed with their Sam. There just isn't this religious component as there is w/AAPL. It's all AAPL, all the time---both for the product and until quite recently, for the stock. Point being, looking for even miniscule excitement out of RIMM is looking for the wrong thing in the wrong place.

This was not that kind of play, as far as the stock. This was similar to the Sprint play, buying at maximum pessimism, company left for dead, basically on a well-studied crapshoot that the next piece of news would *not* be bankruptcy as seemingly exemplified by a towering short interest in the stock. Further, the market reaction of such a stock with so much short interest is very likely to be explosive to the upside. The bet is simply betting on reverse gravity.

Thirdly, I've rarely found that betting on stuff that is already "in the news" is anything but late, late. If it's in the news, it's in the stock. Strategically, with stock picking/speculating, you have to be a bettor on "what's next", not "what's known". This is the classic safety conundrum wrt stockpicking: If you know enough to know for sure that stock is "safe" (when in truth, none of them really are) then the pump that will be in the stock by that time makes you buy it at or near a top; actually increasing your risk or, limiting/reducing your upside potential.

And finally, the price movement available to single-digit stocks can be dramatic, on a percentage basis, compared to $500 or $600 stocks. This isn't a reco to go rooting around for unknown penny stocks or anything like that. But in a market where things look generally fully priced with no shortage of dirtbag news and macro economic stuff going on...the stage is set for little jewel stories. You're looking (in this case) for things that are under the radar when you buy and way up on the radar sometime later.

Yep.

All I'm after is profit

The market isnt ****ing stupid folks. APPL is a powerkeg waiting to happen and Samsung is so propped up by Googles OS's it isnt even funny. What they saw in BB10 blows away every damn thing the mobile space as seen ever. Of course folks going to cash out now and those that wait will cash out even more. For Me, a cell phone without all that "hipster" or "brony hipster" nonsense.

What im more worried about is how Moodys is playing everybody with this Sony Junk call when Samsungs TV are 20X worse than Pannies or Bravias.

Mdm wrote..

I bought RIMM at 13.49 back in April. Still holding on hoping to make a profit. I think if BB10 is even mildly successful, making a decent profit should be no problem. Though obviously, my timing was way off on this one.

Sorry, I bought in yesterday under $12 - and for some inexplicable reason, for the last 4+ years every time I've bought into a stock, no matter how great it looks fundamentally or technically, it instantly takes a dirt nap. Most of the time it finally recovers and I can get out with a profit - but that usually takes a while.

Blame me as much as you'd like.

Morgan Stanley is dissing it this morning and the shorts are out playing once again.

This will be the game for quite a while, I suspect.... but there are still people claiming the "projected launch date" for BB10 is March.

Nope -- January, and the handsets are in test.

The market ****-napping in general with the Euro blowing sky-high (along with commods) is helping with the pile-on.

As I said at the time buying into the ramp was DANGEROUS since the 50% was down at $10.75! Well, there you go....

Phew, glad I unloaded the vast majority of my shares yesterday. Will be looking to possibly get back in after this current sell-off subsides. (Cost basis $7.13)

Most actively traded options on Tuesday or Wednesday $10 puts @ .27. She cant hold $12 look out below. Retrace to $7 and less?

Sold to you.

I forgot to buy those options....

Good thing eh?