BlackBerry Forums Support Community
              

Closed Thread
 
Thread Tools
Old 10-30-2009, 11:03 AM   #1
lqfocus06
Knows Where the Search Button Is
 
Join Date: Jan 2008
Model: 9630
PIN: N/A
Carrier: Sprint
Posts: 39
Default What's the deal?

Please Login to Remove!

I'm no investment genius (yet), but what's deal with RIMM going down badly?

I have this investment game and taking investment class right now. I lost $2,000 worth of the shares of stock that I owned.

Any chance will RIMM go back up soon? $60 up to $70 would be a mad profit for this game, also applied to real life.

Discuss!
__________________
I'm hard of hearing, and darn proud to be.
Offline  
Old 10-30-2009, 11:23 AM   #2
JSanders
Crimson Tide Moderator
 
JSanders's Avatar
 
Join Date: Oct 2004
Location: North of the moss line
Model: Z30
OS: 7.0sumtin
PIN: t low
Carrier: Verizon
Posts: 41,921
Default

You're upset about losing $2,000 in a game, or real stock?

Lesson #1, the stock market is gambling, with some knowledge applied.

Anyone who teaches you any different is lying.

Last edited by JSanders; 10-30-2009 at 11:24 AM..
Offline  
Old 11-03-2009, 11:30 AM   #3
lqfocus06
Knows Where the Search Button Is
 
Join Date: Jan 2008
Model: 9630
PIN: N/A
Carrier: Sprint
Posts: 39
Default

No, I'm not upset, lol.. But I'm disappointed I'm in the last place in the game. I just want to rack up any possible new information here.

New Blackberry will come in late quarter, MarketWatch reports, so with this prediction, it will help the stock go higher, right?
__________________
I'm hard of hearing, and darn proud to be.
Offline  
Old 11-05-2009, 01:05 AM   #4
monkeypaw
BlackBerry Extraordinaire
 
Join Date: Oct 2007
Location: Los Angeles
Model: None
PIN: N/A
Carrier: ATT
Posts: 1,638
Default

No, RIM has a lot of growth expectations built into the stock price so you can't just say it's going to go up because sales are going to go up. It hit $140 just over a year ago and sales were much lower than now.

It's all about the price being right. Think of all the great houses you could have bought the last few years at the completely wrong price. Those houses are still great, but they were overpriced.

RIM is still growing, but at $140 it really was predicting too much growth that didn't show up. Is it ok down at $58? I think they'll have a better holiday season than many analyst's expect, but they've been clumsy recently. They've confused and disappointed customers and they've missed sales forecasts the last couple quarters.

One big thing someone mentioned is that Verizon is their single largest customer and their marketing push is going toward the Droid, and likely to later Android models. Which leaves BB to push harder into other carriers. That means more discounting/marketing expenses. And they are also spending lots of R&D on new models, some of which don't make sense. 8520 - why? So they've had slowing growth and higher expenses. Not what you want to see.

However, I think they're now getting some good models out with a coherent lineup. Buying new models now is a trade up instead of maybe a trade off like Bold v 8900 was. I think at $58, you'll be able to sell for more within a year. But in time to win the contest? You're better off trying energy stocks, gold/mining stocks, healthcare stocks, and other industries which are really volatile right now.
Offline  
Old 11-05-2009, 11:19 AM   #5
Worker
New Member
 
Worker's Avatar
 
Join Date: Nov 2009
Model: 8900
PIN: N/A
Carrier: O2 Business
Posts: 11
Default

Quote:
Originally Posted by JSanders View Post
You're upset about losing $2,000 in a game, or real stock?

Lesson #1, the stock market is gambling, with some knowledge applied.

Anyone who teaches you any different is lying.
I've recently been reading a book about irrational thinking. The book claims that, on average, financial advisers do worse than the markets in which they operate.

I'm way, way away from understanding the subject, and I'm inclined not to believe that an entire industry of financial folk are deceiving themselves, but I can definitely see a certain logic to the suggestion that those working within the financial sector are somewhat overconfident.

If anyone's interest the book is called "Irrationality", and it's written by Stuart Sutherland.
Offline  
Closed Thread


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


New Original Omron CJ1W-TS561 Thermocouple Input input unit CJ1WTS561 picture

New Original Omron CJ1W-TS561 Thermocouple Input input unit CJ1WTS561

$916.00



New Allen Bradley 1762-IT4 MicroLogix Thermocouple/mV 4-Channel Input AB 1762IT4 picture

New Allen Bradley 1762-IT4 MicroLogix Thermocouple/mV 4-Channel Input AB 1762IT4

$405.00



New Factory Sealed AB 2080-TC2 2-channel Thermocouple Micro800 Plug-in Modules picture

New Factory Sealed AB 2080-TC2 2-channel Thermocouple Micro800 Plug-in Modules

$160.00



1769-IT6 Allen Bradley Compact I/O Thermocouple/mV Input Module Faakart picture

1769-IT6 Allen Bradley Compact I/O Thermocouple/mV Input Module Faakart

$720.00



2pcs K Type 0-400C Thermocouple Probe Sensor 5 Meter for Thermometer picture

2pcs K Type 0-400C Thermocouple Probe Sensor 5 Meter for Thermometer

$15.34



K-Type Thermocouple Probe Digital Thermometer Steel Sensor Spiral Cable  picture

K-Type Thermocouple Probe Digital Thermometer Steel Sensor Spiral Cable

$10.49







Copyright © 2004-2016 BlackBerryForums.com.
The names RIM © and BlackBerry © are registered Trademarks of BlackBerry Inc.