Down over 10% today, wtf ?

They missed estimates by a relatively low margin, but Wall Street expected more. They will bounce back, 17% in 24 hours is a heck of a drop, but it will come back.

I'M NO EXPERT BUT...

They posted some extra expenses. I suspect these were due to the pending BIS upgrade. This should pay off handsomely fairly quickly.

I also suspect thier device sales were a bit off because people (like ME!) are holding off on getting a new BlackBerry in anticipation of the new devices that will start to come out in August. With two Bold models, the Clamshell model, and the Touchscreen model, I would guess device sales will climb right back up in the next 2 quaters.

As for the iPhone 3G, although the release of the iPhone last year did nothing but BOOST BlackBerry sales (after disappointed buyers switched to BlackBerry), I do think this model will cut into BlackBerry sales a bit. It may cut RIM's market share by as much as 10%, but I would be surprised if it gets over 5%. That still means RIM would hold %33 to %38 of the WORLD Smartphone sales.

IMHO it's a GOOD DAY to BUY.

Any one willing to front me the CASH???!!!

RIM's market share worldwide is actually less than 30% now. Apple is in third, maybe fourth depending on Nokia/SE percentages. In the US RIM has 40% percent and that market share has been growing in the last few months, while Apple has lost ground. Will the iPhone 2 sell very well? absolutely. I am sure it will sell millions of units. But i am still betting that RIM will have a better second half of the calendar year than apple. the 9000, 9100, and 9500 all launching.

I was this close....

You also have to consider that the subscriber base has increased with new customers without releasing any new handhelds.

8330 was released. As well as BES 4.1.5

These dips (and on the other side, run-ups) are almost always knee-jerk reactions and overdone. They're nerve wracking but ultimately healthy for the stock. The weak holders panic and dump, giving those with some insight a cheap buying opportunity. The stock will come back, probably even make new highs, in a month or less. New products hitting the street are always a boost, and they're just too strong a company to flounder. Great product, strong vision of where they're going, and no sub-prime exposure.

This is typical. While not in the same league, it reminds me of what happened to Gamestop. In May, they announced a 151% increase in profit on a 42% increase in sales compared to the year before quarter. Their stock dropped almost 4%.

Tech stocks have done poorly in general.

From this post I just purchased some RIMM shares

Im a firm believer in this company

Not that that has anything to do with this post about it dropping. But with future releases, I think RIM will be on top of APPLE no problem.

I also am buying. Overreaction to missing the estimate by a hair.

and the bleeding continues today

its not that serious

Is it worthwhile to buy a few stocks at a time? I dont own any stocks so I am a newbie to the game.

I saw the ad for stocks starting at 6.99 to 9.99 and though that was for all. Im a newbie on this for sure. RIMM is at $123 a share now haha. Sooo Ill buy one share and see what happens.

I am waiting till Monday and buying another 100+ shares. I have no doubt where RIM stock will go from here! RIMM has also had a record 1st quarter. This is not Apple we are talking about but RIMM. I have owned it when I only paid 25.32 per share!

Was that before or after the stock splits

This is not the forum to ask these types of questions. (For your own good.)
Speak to a financial or investment advisor if you're considering getting involved with stock trading.

Excellent advice penguin. I would also add that NO forum is a good place for that advice, the financial/investment adviser is the way to go

Whoa! Living on the edge, huh?

wow...You guys are a little out of it.

First, don't just look at the stocks performance by itself, look at it compared to the market (s) as a whole. If you do that, Rimm (with it's beta factored in) has been OUT performing the market, meaning it's relatively strong against the market, meaning if the market upticks, rimm should shoot up. Conversely, if the market continues it downtrend, Rimm might outperform the market for a little while, until it reaches a breaking point (buyers dry up as a result of lost confidence in the market, not necessarily the stock)

......

Don't panic when stocks go down suddenly and don't get excited when they go up suddenly.

Stocks are a long term deal anyway usually. Look at RIMM over the last 5 years, its ridiculous.

I think you're looking at the price per trade, not the price per share.

There are a few places online where you can buy as little as $20 worth of a stock at the time. I think this is a good buy opportunity.

more blood today, how low will it go ?

I say let the price per share fall. If you know how to trade you would not be losing money.

what goes up must come down, the opposite is also true.

It always comes back up, its a winning situation for those that can buy now.

I agree. Whatever drop RIM suffers now will be more than made up when they release the new handsets.

I waited to sell my Sprint stock until this last week when it got up to about $9.00, and then turned around and spent it all on RIM!

104.30 and still headed south- OUCH!

Looks like a good time to buy, actually.

+1

I disagree, it has not bottomed out yet.

eh, you buy some now, and some then. It averages out.

I still have that I bought much much lower before the split.

I can imagein some are looking for the ideal investment! If you hol dout for too long though, the stock will rocket back up and the chance will have passed

Can't post links yet but Google has the best stock ticker website:

finance.google.com/finance?q=RIMM

The blood letting is on !

Holy Crap... never bothered looking at this stock before. Even though I owned one of there very first handhelds... what was that thing, the 850 or whatever? I sure wish I had bought back in September of 2002!!! :-O

As for the iPhone 3G, although the release of the iPhone last year did nothing but BOOST BlackBerry sales after disappointed buyers switched to BlackBerry. I do think this model will cut into BlackBerry sales a bit. It may cut RIM's market share by as much as 10%, but I would be surprised