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TFC Commodity Trading Forum

Re: RIMM / Trades *PIC*
In Response To: RIMM/ It's BAAAAAAAAAKKK *PIC* ()

Hi Trades

Good eyes on this one and agree with your your SR read. I would only add the volume pattern and OBV suggest a major accumulation by a large player in SEP. Turns out that player is Prem Watsa, a Canadian who sits on the board of RIMM. He is a whale and now 10% stakeholder in the company. The Blackberry 10 is scheduled to be released 1/13 with a reinvented OS. It will combine personal use with encrypted business applications. RIMM has been abandoned by most funds, so overhead supply should not be an issue. This dog may sprout wings. Wishing you well. CO