Stock Talk

RIMM

RIMM has recently reported to release an "iPhone killer" called the "9000 series". In my opionin this was a smart move on RIMM's part. The Blackberry itself appeals to business and professional types because its reputation is more serious and sophisticated. A new device designed to directly compete with iPhone will only give RIMM more opportunity for growth. In economic uncertainty, professionals are going to be the ones able to afford subscriptions like these and not college kid Apple fans. Sentiment for RIMM is currently bullish (http://predictwallstreet.com/forecast.aspx?symbol=RIMM) and predicted to close down. Overlaying the price quote on PredictWallStreets sentiment graph shows that three weeks ago when the price was really low sentiment shot up. Price is down now and therefore I feel bullish on RIMM. There drop last month was an overreaction to its earnings reports and this new competitive smartphone market is only going to expand the sector.

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