I was long this stock and chronicled my excitement and than despair with the Q. I dumped the stock iat $22. It is being shawshanked today down to $18.
Others obviously feel the same about the Q. When you have the Blackberry kicking your ass and a competitive surge behind you (see Samsung, Nokia, ….), you can’t afford to hitch your success on MICROSOFT anymore. They did, they LOSE.
No wonder RIMM stock is back near an all-time high again defying gravity. A few more points and I may be buying it back.
The technicals made me look askance at MOT last month when someone asked me about it. So often, the charts show selling pressure and then, “suddenly,” there’s “news” that reinforces it. The truth is, the “news” was out several weeks ago and big money was selling prior to the public announcement.
Now is probably the time for a bottom-fisher to BUY Motorola. Like PFE a few weeks back.