Last week I continued my bashing of Research in Motion (RIMM) in favor of Motorola (MOT). Mainly because it seems like the Droid will take even more market share away from the once favored Blackberry, which has already been hurt by the iPhone.
Thankfully, I am just one of the many people who seem to be jumping off the RIMM bandwagon, and the charts just don’t seem to be telling anything good about its stock price.
In this short video, we will be looking at a couple price targets. Hint: $40 is not above where the current price sits today.
View video – Research In Motion Ltd. Buyback
Click image to play video
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Some Friendly Advice for Research In Motion’s New CEO: Cut the Sweet-Talk
(Wall Street Daily, 1/24/12)
Research In Motion Shares Nosedive After Missed Sales, Earnings
(Money Morning, 9/25/09)
Research In Motion - How Fast the Turn Can Be!
(Gold Versus Paper, 9/25/09)