One of the first professional VC’s I met in person was Rick Segal , when I was presenting GolfNow.com at a Web 2.0 conference back in 2005. Than I bugged him for a few months to invest. He overlooked the pestering and we have become friends and he even invested in Wallstrip.
The market seems coiled for a big move. I have no idea which way.
Obviously I want it higher as I am long.
I don’t think the move will mean that much in the medium-term, but RIMM may push it one way or another. The number does not matter as much as the guidance.
Take a guess as to what the opening price will be Friday morning . Closes too gets a copy of MicroTrends. If you already have won one, play anyway. I will sign some underwear and forward them. Many trends inside them as well .
For the record, I think the stock closes higher than today’s close. It better.
I had bought some RIMM into the massive selloff a few weeks back, BUT still paying $60 bucks more than I sold it before months earlier. It has looked weak since.
Today was the first sign of life after it’s 30 percent pullback.
The end of the year is usually quiet. It has not been this year. The shorts have had much ammo, but still we hold.
I travel for long periods at a time and wonder how best to manage email from my blackberry during the day and week so that I am not looking at them two or three times and compartmentalize them according to priority.
This is not a negative piece on Apple, but a reminder about the end value of Apple as a stock. I could care less about the nerds and the Apple fanboys and Apple haters.
The stores rock and in the end, they could sell shit in a box and the wave will continue (Actually they started that process with Apple TV). Talk to me at 800 stores and we may be closer to a sell.
BUT , they have had it too easy. I mean Vista, Dell, Gateway, Sony (laughable stores using Vista on all the machines)….Apple is acting way arrogant and complacent. The nerds and VC’s of the world were switching and beginning to cave to the Apple lovefest. The iPhone, while on it’s way to greatness, is disgusting with it’s AT&T partnership and laughable web service.
As I mentioned on Friday, a nightmare is brewing with smart, trusting, early adpoters. Techmeme is aglow with the problems . As a tech retard, I am scared to plug in my iPhone. I love going to the Apple stores, but don’t want to go over this. Maybe it’s just a blip, but if it isn’t, Nokia, RIMM and others will have an answer. RIMM already has an answer. I can never imagine a full switch. If they add some smart software for music and a partnership with Amazon or even get bought by Microsoft, the phone war may go easily to RIMM. The market is already calling it a two horse race with RIMM and Apple.
I am hoping for a 30-40 percent selloff already. It’s overdue. Maybe Job’s would like one so he can backdate some more options.
When that selloff comes again, remember the mantra …800 stores, the best retailer ever.
In the meantime, this continues to be the best of times for RIMM, the only absolute freaking purebread in the phone/email handheld business. Congrats to them.
Disclosure- Long Apple and Amazon…should be long Nokia and RIMM
Congrats to Andrew Sorkin of The New York Time’s Dealbook for grabbing the title from Bijan . The show goofs on the race itself, but trust me, the tasks were extremely difficult and all the participants impressed.
It remains about addiction with RIMM. It is hard to justify new positions in the stock unless you are prepared for volatility and can manage positions.
It is not undiscovered, but definately hard to value. If it wasn’t, analysts could figure out the growth.
With any game changer, valuation has been elusive. To argue for or against is futile. If you are long, enjoy the run and kudos to you.
I sold too early and never bought it back.
Brian reminds us why all-time highs are the breeding growund of big winners:
So today we shot the Blackberry Race 2. Lot’s of serious contestants today. The media was well represented as were hedge funds and venture capitalists.
I was shunned for poor performance and woman were well represented and fast. Many devices were used.
Some of the tasks asked were quite difficult and I would have failed miserably. Did not know you could do more than email and watch porn on these damn devices.
Today I was writing and paying bills for most of the day and feeling real sick so I did not notice my Blackberry outage.
Interesting that Blackberry had an outage on a Friday. On a Tuesday, the stock would have been down 10 points.
Maybe they are just testing us before they levy an email tax of 1 cent an email. I send 100-200 a day so I would probably pay the 60 bucks extra/month if I had to.
I think 90 percent of Blackberry users would eat the tax because there is no real competitive solution.
It would prove that there is some pricing power in tech and communication if you solve a problem.
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