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September 29, 2005

RIMM is now trading below 70, Thurs., Sept. 29, 2005, 11:09 AM

What a difference a day can make -- if you get a heads-up.

Tuesday evening at 6:27pm ET I wrote a story headlined: RIMM's numbers come up short". The stock had closed at $77.43. The next afternoon it even moved higher to $78.47 before closing at $77.25. And so I cautioned you once again yesterday.

This is the result " why I warned. The stock is trading this morning below $70.

You have to know when to hold and when to fold.

For those who want to look at the financial data for this prominent company, here is the link. RIMM is not going away. It's just that competition likes what RIMM is doing and wants to horn in on the action.

Sometimes (quite often actually), competition is a validation of an enterprise. Competition is good because it pushes the development of value-add, which expands the pie.

In that regard, I once had a business partner in the financial services industry who, being located in a relatively small city, said that he'd like to see all of Wall Street come straight to his town, and try to put him out of business. He relished the spotlight, the competition and the opportunity to exploit a bigger market.

He was the smartest business partner I ever had.

Posted by Posted by Bill Cara on September 29, 2005 11:11:23 AM | Category: 45 Info Technology

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