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RIM continues to play out as predicted

RIM's stock is now up almost 10 per cent off where I bought it (7.54 on the tsx) and we are starting to see the media continue to turn the corner when it comes to coverage. As predicted, with the doom and gloom story out of the way, the media (still slowly mind you) is playing the 'what next?' narrative out.

RIM is doing what it must
Farhad Manjoo: RIM focusing on hardware may be BlackBerry’s only hope
Only Research In Motion can save Research In Motion
BlackBerry 10 Is 'Fantastic,' RIM to Emerge 'Stronger,' Says Executive
BlackBerry 10 possibly coming earlier than expected

While the negative articles still easily out weigh the 'what next' articles probably 10 to 1, the what next trend continues to emerge.

What I find quite funny is how three months ago most analysts had RIM as a buy or hold. Now almost all have it as a sell. So if you were listening to the analysts, you bought in high, lost your shirt, then sold and missed the rally.

Lesson, never listen to the analysts.

In my opinion, the media trends are far more relevant to stock price than what the 'experts' say.

Having popped 10 per cent, I should probably take my profits but I'm going to hold on a little longer. I think the AGM should be interesting and the what next stories have yet to fully emerge.

I really don't see any PR negatives in RIM's immediate future (expectations are so low that there's nowhere to go but up) and continue to suspect that as speculation about acquisition or just how good BB10 will be plays out, it will support the stock going higher.

Having said that, for anyone that got in at the lows there's never anything wrong with taking your profit. I wouldn't be surprised to see RIM pull back a bit on profit taking. And I definitely think it gets riskier to hold RIM beyond a couple more weeks (or a 15-20 per cent pop off its lows, whichever comes first).




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