Originally Posted by JSanders
Three reasons why I think RIM stock is not a good investment today or this current period:
1- RIM is currently overvalued greatly. They have had a great period of growth, but RIM's p/e is way out of whack.
2- I read somewhere Apple reports earnings late July. I think RIM will take a hit, even if only slight, when Apple reports the glory of the iPhone month.
3- RIM insiders are cashing out on a lot of their personal holdings. What does that tell you?
Don't get me wrong, I think RIM has been a great investment, and will be a great investment, again, later. But the old axiom of buying low and selling high still applies.
In other words buy your 2008 put options now at a discount
did I say that out loud?