Thursday, August 4, 2011

Choppin

Took just over 10% of my portfolio and bought RIM shares with it yesterday.

A lot of people say "Why try to catch a falling dagger?"
To them I say "Why not, are you afraid?"

It's clearly a value play. I could lose all my money in a year if RIM gets dominated by APPL and whatnot sure. However, RIM doubles in price as soon as it so much as sneezes a profitable new product. I like RIM management, they've shown they can stick to their guns. I would like to think these guns can blow the limbs off of short sellers (mostly americans and/or foreign institutional investors that underestimate the human capital pool RIM has access to).

I hated RIM for a while, then I got over it. You will too.

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