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$RIMM . $20 is breached.

 

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.