Is Blackberry dead?
Well when it’s dead everybody would know it and newspapers would write about it. Corporate death, or near death (bankruptcy) is news after all. We humans celebrate everything, growth and decay.
But what is important information knowing when something has fallen to a seven year low or anticipation of the event.
Well Jiseki saw the currently Blackberry seven year lows coming as early as 2008. How was that? Because decay starts at the top not when you reach the bottom. At the bottom you just see the decay. Blackberry was the top percentile Jiseki performer and it was set to underperform. And underperform it did. The Jiseki cycles remain negative and we have no reversal here. When Blackberry resurrects (Jiseki multi week turns up) we will let you know, meanwhile you can ponder about the power of seasonality (TIME).
So should I SELL it?
The prices are oversold and if you look on the arithmetic scale there is nothing left to SELL. But on a log scale (above) prices have broken primary multi year support at 21. These are not good signs. Above this intermediate multi week Jiseki cycle is still bottoming and has not reversed yet (below). Sub 21 I won’t hold this stock.
RIM falls to 7 year low
GOOGLE FINANCE: RIM.TO
Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. RIM provides platforms and solutions for access to information, including e-mail, voice, instant messaging, short message service (SMS), Internet and intranet-based applications and browsing. RIM’s portfolio includes the BlackBerry wireless solution, the RIM Wireless Handheld product line, software development tools and other software and hardware. On June 2, 2010, Harman International sold its software operating systems unit, QNX Software Systems, to the Company. On March 25, 2011, RIM purchased 100% of the shares of a company whose technology is being incorporated into the Company’s developer tools. On April 26, 2011, the Company purchased certain assets of a company whose acquired technologies will be incorporated into the Company’s products. In June 2011, the Company acquired Scoreloop.
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