Quote:
Originally Posted by 4444
unless you have gotten out with a profit, i would not be tempting fate.
RIM is an extremely volatile stock and could easily be $10 tomorrow and just a slight piece of news - RIM's beta must be through the roof
just know that you are holding a higher risk stock, thus you should be expecting higher return to compensate for that
i still wouldn't touch RIM as i don't believe in the product - at $7 it was worth it as a spec play as the downside was relatively protected, at near double that, too much risk for this investor (read: not trader)
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If youve been following the stock, analyst bashing and negative news no longer effects the stock price anymore. Yesterday is was reported that they were getting sued for bluetooth infringment and the stock rose 1.10 in the course of 2 days. I believe in Rim, and am holding this stock over the course of 2013.