making solid returns on RIMM

This Monday, I got some RIMM. Tuesday, some analyst firm upgraded it. Today, it's up about 6% from Monday. If I didn't really believe in Blackberry products, I might be tempted to sell it now instead of sticking around long term.

 

They've got the business market cornered. I don't think that their pad will do well, but BBs outnumber all other smartphones (at least among the execs/business sorts that I see) 10 to 1, easily. iPhones are great for the consumer market, but RIM's well trenched, and I'm all for it.

Just wish I knew that 5 years ago when I had money to invest. Ah well.

 

Yay!

I'd dump it just before Christmas.

 

Hey Dave, I've been following RIMM for some time now - several years, from the perspective of someone who was buying the stock, buying RIMM puts and calls as well. Before the crash in 08 it was trading at about 110. Right now, at the end of Wednesday, it's trading at 61. I say its good for the long term if you buy it now and just throw away the key for a few years.

Mariposa, I'm holding my long position indefinitely, but I'm looking into some January 15 puts - not really in the spirit of insurance, but more to jump in and out for some quick speculative profits. The when, where, and how of that move is pretty undecided though.

 

Thanks for the tip! I might have tree fiddy or so to throw away in a few weeks, so I might see how it's doing then. Long-term's the way to go for most established places IMO; short-term spec trading is best left to the bots-- I just don't have the capital to make profits on fourth and fifth decimal place fluctuations.

 

Hey man, $350 will buy you $700 worth of a lot of stocks right now imo. Once the banks figure out a badass way to steal again, we'll be back in business riding the high horse.