Category Tech

Entries 217 Total

$RIMM . Hitting a road block in Indonesia

Oct 7, ’11 9:28 AM

In South East Asia, Indonesia is perhaps the fastest growing market for RIMM.

But, the following news does not sounds good:

Research In Motion (RIM) has cancelled its investment plan in Indonesia due to tax issues. RIM believes it would be taxed twice, both in Indonesia and Canada. However, Edy Putra Irawady, deputy coordinating economic minister for trade and industry said this is not actually the case as Canada and Indonesia cooperate to prevent such situations, the Jakarta Post reports. RIM reportedly has decided to invest in Malaysia instead. (Source : Telecompaper)

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$RIMM . $20 is breached.

Oct 5, ’11 1:57 AM

 

While Apple ($AAPL) is having their conference, $RIMM drop like a stone from its opening rally and breached the $20 mark.

Some key points from Apple’s conference:

1. 93% of Fortune 500 are testing or deploying iPhone (nail in the coffin for RIMM)

2. 3 out of 4 tablets sold in US are iPads

“Consumers don’t want tablets..they want iPads” – Tim Cooks

3. iMessages are pushed to all your devices – securely encrypted end-to-end

 

I believe the above 3 points are enough to show how much catch up RIMM has to do.

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$RIMM . Rumours and my bet.

Sep 28, ’11 9:44 PM

By now, the rumours are going around that Icahn may be initiating a position in RIMM.

This news, remains a rumour at this moment.

I am betting that it is nothing but a rumour and has initiated a small PUT position, betting that it will not come true.

In fact, I have a theory on this rumour. We are now at the tail end of Q3 (end September). In a few more days, Q3 will ends.

Are there fund managers trying to get out of their position?

Are there fund managers trying to get that little extra profit up or the losses reduced before the quarter ends?

Nonetheless, my position is small. There is no chart or technical basis for it.

Like the rumour, mine is a speculation as well.

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