My Trading Adventure

Research In Motion is diving

CP TEH
Publish date: Sat, 17 Dec 2011, 01:02 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Following Message

http://www.rim.com/

Dropping 11% at the press-time, at USD13.45 now. The above is a monthly chart of RIMM(Nasdaq).  Yes, the peak was at USD140, which today ... it went below USD14. It has recently broken USD19 level, its strong support. The historical low at USD2.10 now ... and I shall check on her again IF it really lands at USD2? We shall see ...

Please READ and understand WHY it is diving ... markets will punish those companies for not performing well ... or ...err ... if the management done a VERY bad decision(such as to increase our Astro bill further?).

Will RIM manage to get out of this mess ... and re-build its name? Damages have been done.

If you dont know what RIM is dealing with, do click on the above link to their website or click here for Bloomberg news.

TEH
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