Quote:
Originally Posted by 3klipze
I know RIM is not doing well for a while now, but i think it is totally oversold at the moment. What do you guys think? It is a good company overall with interest of its product overseas and such. A possible long term investment?
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RIM and analysts always preach the fact their phones are doing great catering to the business community in emerging markets. Have you traveled overseas? Look at the phones people carry on the planes. Everyone is either carrying an android phone or iphone. The security feature on the bb is now outdated as you can kill the iphone and android phone remotely. BBM has been replaced with a host of applications that do the same thing. RIM will go the way of Nortel without a white knight coming to the table. It's already on the path to join Palm. It's only oversold if you look at past history as a indication of future performance whereby it was on a tear at the height of 2008 and you doubled your money buying at the low of 2008 and selling in 2009.