Nosetradamus remains bearish on RIM.
It is lamentable that HC has a handful of Board aligned posters who relentlessly try to defend their mates. They have shifted from ramping to now becoming insulting toward other posters that don't follow their rhetoric. Fortunately they are not persuasive.
The reality is that RIM's SP is in freefall with a near 75% SP fall over the past 6 months. RIM is outwardly riddled with risks of extended costly litigation, low funding and noncommercial mineral deposits. Further, Management appears to be encircled with SH dissatisfaction.
Fact time: The ASX market has spoken and significantly devaluated RIM. The slide is consistent and, IMO, there is a lot more downside to come.
Note to Board aligned posters. Your venom should be directed to the ASX market as a whole, and not individual posters that just call it as it is. The 12 month chart tells the story without words.
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