Posted by 3 March 2006

RIMM Settles with NTP, Stock Soars

I just heard the news of Research in Motion’s settlement with NTP. The stock is up about 17% in after-hours. RIMM also gave some poor guidance for the fourth quarter. CNBC had comments from several people, some of whom were long RIMM, and it was like a bear parade. They were mentioning things like subscriber growth was very weak and that Palm’s Treo and MSFT are taking market share from BlackBerry. They had me seriously considering shorting it right now & holding over the weekend. So tempting but I think I’ll wait for Monday morning. This will definitely be the stock to watch on Monday…

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Comments

  1. Posted by Nick on March 4, 2006 at 9:00 am

    Mike, I’m not sure how to make a chart request, so I’m doing it in this reply. I got burned on the big GRMN fade last week. This week it’s marching forward. Can you offer an insight into how this kind of thing works?

  2. Posted by Damian Roskill on March 5, 2006 at 12:54 pm

    Mike – A quick question that I would email to you if I could find your email address on the site (am I blind?)

    What is the name of the Telechart study you use that shows the number of stocks over their 28 day average (I think)?

    Any help greatly appreciated…

    Damian

  3. Posted by Michael on March 5, 2006 at 12:58 pm

    Are you talking about T2108?

    There’s a link to email me over in the left column in the ‘About Me’ section. Don’t worry, you’re not the only person who can’t seem to ever find that. :-)