$RIMM : Rally has failed. Price below kumo

RIMM counter rally has fail. It never make it to break out of the kumo resistance.

With yesterday’s earnings, RIMM has gap down. And on the Ichimoku chart, we have a very strong confirmation of a bearish move. The price is below the kumo now confirming that the bear trend is back.

We can also see that the Tenkan sen and Kijun sen has crossed downwards.

With Apple iPhone 5 expected to launch in October, RIMM will find it hard to catch up in terms of units sold for its BlackBerry. Other challenges includes Apple consolidating its position in tablet sales and most likely with a new tablet in the coming months.

But, what really worries me is Q1 2012 report from RIMM. In the report, RIMM used ‘shipped’ .

I recall Palm faces the same problem a few years back when the webOS was just unveiled. They too used the term ‘shipped’. Does ‘shipped’ equal ‘sales’?

If it does not equate to ‘sales’, then inventories and write-offs are going to come back and haunt them.


Bearish. Vested with PUTS.


Palm Inc. (PALM) : Bullish Tekan sen – Kijun sen cross

Palm has a nice little rally last Friday; from 11.02 to around 12.50

The end of day chart shows a bullish Tenkan sen – Kijun sen cross just below the kumo.

This suggest that there may be resistance ahead (possibly at $12.60).

At the same time, this rally brings back memories of PALM at 1 year ago (when Pre was launched). Palm went from $6 to around $9 within a month.

What to look out for:

– more  distribution deals with carriers outside of US

– ‘killer-apps’ for webOS

– further out, webOS in other form factor (other forms of devices apart from cellphones)

– possible deals with media companies


PALM Pre to Launch in Europe with O2 and Moviestar

Just got this in my email (Palm’s newsletter)

Palm webOS Phone to Arrive in UK, Ireland, Germany and Spain on Local Telefónica Networks.

WINDSOR, England, Jul 07, 2009 (BUSINESS WIRE) — Palm, Inc. (Nasdaq:PALM) today announced that the Palm(R) Pre(TM) phone is scheduled to be available initially in the UK, Ireland and Germany exclusively on the O2 network, and in Spain exclusively on the Movistar network, in time for the holidays. Palm Pre, the first phone based on the new Palm webOS(TM) mobile platform, brings your information from the many places it resides – on your phone, at work or on the web – into one simple, integrated view.(1)

“Europe continues to be an important region for Palm, and we’re proud to work with O2 and Movistar to spread the excitement Palm Pre has already ignited in North America,” said Jon Rubinstein, Palm chairman and chief executive officer. “Since we showed Palm Pre at Mobile World Congress in February, there’s been a great deal of anticipation for an announcement about European availability, and that day is here.”



Let’s see if we will see a new high again.