Research In Motion Stock (RIMM) Down Big Yesterday

Remember last week when the Motley Fool said that Research in Motion would be the worst stock in 2008? I am pretty sure that I still disagree with that, however, it sure felt like it was true yesterday.

RIM shares where down 11% yesterday at market close. I believe that it was more just a victim of being in the tech sector than an indication of what the stock is going to do all year but it still sucks just the same.

Written by Robb Dunewood on January 24th, 2008 with 5 comments.
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Get your own gravatar by visiting gravatar.com jonabyte
#1. January 24th, 2008, at 9:46 AM.

It’s bound to happen when all stocks go down…but I am sure when the market corrects itself, it will rise.

Get your own gravatar by visiting gravatar.com bluehorseshoe
#2. January 24th, 2008, at 11:37 AM.

It’s hitting everyone on fears of the credit market and recession. The 11% drop is nothing compared to the drubbing that Apple took the past couple of days. Now is the time to jump on these (although they won’t grow at previous rates)…I am. :)

Get your own gravatar by visiting gravatar.com b.N
#3. January 25th, 2008, at 9:00 AM.

There you go, stick to your guns. I think the signs were clear RIM would take a hit. Even the best stock when in a hurting industry group will be pulled down. Thing is, in the long run, RIM still has plenty of room for growth, especially in the emerging markets where they have JUST broken ground, and right now it has been discounted. Everyone is so twirled up in the market they forget to realize RIM has continued to meet-and-beat analysts on Wall Street and the dip was purely industry based. Actually once they gain traction in China, I predict several high growth years ahead.

Short RIM for now, but look for the long play very soon. They are coming roarrrrring back.

Get your own gravatar by visiting gravatar.com Doodee
#4. February 1st, 2008, at 4:52 AM.

Thanks for sharing

Get your own gravatar by visiting gravatar.com alinnible
#5. February 9th, 2008, at 2:51 AM.

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