“On Monday, the stock closed below $10 — not a surprise as I predicted It would only a couple of weeks ago in an article titled ‘Short RIM Under $10.’ However, what was a surprise is that it had taken this long,” Saintvilus writes. “Having lost its double-digit support, investors are now scrambling for answers to the new most important question, can it hold $5? And will an acquisition occur before it is forced to find out?”
Saintvilus writes, “The fact of the matter is, I just don’t see a future for RIM where the scenario does not include an acquisition.”
Read more in the full article here.
MacDailyNews Take: Edselphones.
RIM investors must be dizzy from circling the bowl.
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