One Thing is (Almost) Certain: $RIMM is Doomed

Eurozone Fate Unknown, $RIMM's Fate All But Sealed Now
Even sell-side analysts have taken out their envelopes and started adding numbers like this blog has already done on October 18th here on this blog. Cash + enterprise/server services + patent portfolio + goodwill = terminal price. As fellow bears on $RIMM have pointed out more fluently than I: anytime a tech stock becomes a value stock, it's over. Friendly reminder: value investors buy at a discount, not a premium to net asset value.

From October 18th:
Breakup Evaluation
Again, the ltz vortex repeats its long-term view: single digits are in order as a terminal stock price. Cash is now down to $1.5/share. Patent portfolio? Again, Apple views its main competition as Samsung, as the two are in a bitter, and growing, battle in pretty much every jurisdiction on the planet. Apple and Samsung are fighting each other simply because $RIMM is not a relevant competitor. The Blackberry system outage has damaged its last remaining asset: diehards have stuck with Blackberry due to network security and exclusivity. Those features, along with RIMM's existence itself, must now be questioned. So unless a technology buyer appears to fuse the patent portfolio with one of its own, there is almost no chance of a bid. Time is running out, and management either needs to be replaced, or a further decline will be in order.

Technical Analysis "May" Help, Temporarily
Now, every chart on this stock is busted. There will be all sorts of different statistics that you can find/create. MACD, Bollinger Bands, EMA, SMA of every conceivable timeframe: you can see them all on www.freestockcharts.com for yourself. On a short term basis, it may/can work. Over the medium term? Nope.

Now that the M&A, activist shareholder rumors and hype have subsided, and the S&P has retreated, $RIMM has continued its excruciating decline to $16/share. Alexander Hamilton, soon you will be worth 1 share of $RIMM.