RIM (RIMM) Finds Gravity as Rumors Fade
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Don't look now, but shares of Research In Motion (Nasdaq: RIMM) are back to what they do best... go down.
The stock is down 4 percent in early going Wednesday. The action reverses the move seen over the past few trading sessions following word Amazon.com (Nasdaq: AMZN), in addition to Microsoft (Nasdaq: MSFT) and Nokia (NYSE: NOK), explored a bid last summer.
The rumors were well timed, hitting after the close on December 20th -- the same day the multi-year low of $12.45 was tapped. Shares have rallied as much as 20 percent since.
With the rumor-induced rally seemingly in the past, investors are still left with the same thing: a company in complete disarray; a company with dated technology which could be obsolete in a few years; a company with a management team who has stood by to watch its implosion; a company which has broken promise after promise to shareholders...
The stock is down 4 percent in early going Wednesday. The action reverses the move seen over the past few trading sessions following word Amazon.com (Nasdaq: AMZN), in addition to Microsoft (Nasdaq: MSFT) and Nokia (NYSE: NOK), explored a bid last summer.
The rumors were well timed, hitting after the close on December 20th -- the same day the multi-year low of $12.45 was tapped. Shares have rallied as much as 20 percent since.
With the rumor-induced rally seemingly in the past, investors are still left with the same thing: a company in complete disarray; a company with dated technology which could be obsolete in a few years; a company with a management team who has stood by to watch its implosion; a company which has broken promise after promise to shareholders...
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