The RIM Trade… Blackberry Storm is terrible (RIMM)
Imo Research in Motion has reached as many people as they can given the current market cycle. THis period of time is going to hurt rimm growth, as you can see what happened after hours today. I am expecting a gap down in the AM and maybe a bounce.
MY theory on BLackerry is everyone who wants one has one, everyone who needs one has one. The same thing is going on with the IPhone, everyone who wants one has one, or now will with the cheaper version. Growth is now limited by network obligations.
The latest device i have used is the Storm, it was A POS out of the box. I had to upgrade the software numerous times.. . The long trade is over unless you want to play the downside coming up in July. Hedge Accordingly