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Old 20 September 2011, 03:54 AM   #30
CashGap
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Quote:
Originally Posted by mboverst View Post
I didn't say I liked it ever, I just said it's nowhere near going the way of the dinosaur as previously stated.

I don't know why it's crazy to believe someone liked it at all those trading levels?

I liked LVS at $140 (same time RIMM topped out) with the Macau growth, I liked it when it was at $2, and I like it now at $50. Same holds true for my BAC reference earlier...it's trading at a fraction of it's high, is it astounding to believe that it's still a good buy or is this just another 'the wheels coming off' scenario with no end in sight?
(I am not qualified to type the following so no one should invest based on this)

BAC is pretty opaque to me. If I knew they had the guts to file for bankruptcy on Countrywide, I'd be all over it. No idea if they do or not.

BAC's business model, products, etc. remain viable, so the price reflects the markets distaste for banks plus the undigested toxic assets. BAC and RIMM would be similar if all phone manufacturer stocks were tanking. If JPM and C were at all-time highs with BAC in single digits, we'd know BAC was judged uniquely low value by the market.

Some comments today on RIM from here

“Management doesn’t see reality the way the market sees it right now,”

“RIM is underestimating the increasingly competitive smartphone environment,”

“We worry the refreshed RIM products will not change consumer sentiment or regain lost customers.”

"The company is showing no progress in the tablet computer market. "

“We don’t trust those numbers,”

"We do not anticipate BB7 being competitive once those new versions of all those operating systems are in the market over the next few weeks.”
I'm not finding anyone who has confidence in either of the two co-CEOs, and I see RIM as depressed in a thriving sector unlike BAC, depressed in a depressed sector.

But again... I'm not even an amateur stock picker, so who knows.
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