Sunday 22 May 2011

Research in Motion stock: the next PALM?

Some investors are betting Research in Motion's stock is in for more pain, even after a rough three years.

Shares of the BlackBerry maker have lost more than 38 percent since February. Investor attempts to pick a bottom in the stock have been run over by a slide dating from June 2008, when it peaked at $148.

Some in the options market don't see the trend arresting itself, making long-term bearish bets that RIM shares will fall to the mid-$30s by January 2012.

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Research in Motion stock: the next PALM?