Sunday, August 1, 2010

RIMM Rolls The Dice

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Back on June 27th Itz posted the following >>LINK
Research in Motion (RIMM) reported Thursday, beating on earnings per share but disappointing on revenue and sales. The stock took a big hit - falling below the support level of $55. The company now needs to bring to market it's new OS & touch screen products and compete with Apple & Android phones if it expects to recoup it's share price. The valuation is half of Apple's but many investors believe it cannot compete as it once did. I'm giving them one more quarter to prove if they have what it takes. Don't count them out just yet...
Past rating changes from analysts LINK


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