RIMM as usual beat Q4 ER by 2 cents and sales higher than high end of guidance......
So...RIMM beats consensus Sales & EPS.......great for an environment which is as tough as it IS...
RIMM'S guidance for Sales & EPS was WAY ahead of highest estimate by any analyst......
RIMM is guiding sequentially much higher than 72 cents EPS in Q4 just reported
Guidance for Q1 is Sales $2.23 Billion to $2.30 Billion
Guidance for Q1 EPS is 82 cents to 86 cents.......
AH RIMM is UP $5 from close......
Expect many upgrades & increase in RIMM'S stock target price before open Thursday !!!!
In my portfolio :
BRCM rating 50/30 target $22.75
EGO rating 40/45 target $7.96
JASO rating 5/30 rated for a "breakout" @ $21.26 for a target of $24.25
JNPR rating 75/80 target $25.72
RIMM rating 10/30 target $125.11..next target is $134.83
In other stocks :
COIN rating 50/90 target $12.23
TOL rating 10/30 rated for a "breakout" @ $24.40 for a target of 26.64
All solar were strong today.....LDK had a supply agreement AH in India for 10 years....UP almost $6......STP,FSLR,SPWR,SOLF,CSUN,CSIQ were strong
BIDU,X,ICE were strong.......
BLOG does NOT give buy or sell.
Saleem
Yahoo!!!!
ReplyDeleteLDK, TSL, JASO... great day today...!!
ReplyDeleteHi Doug,
ReplyDeleteThat IS the best way to describe RIMM !!!!
Saleem
Hi Troy,
ReplyDeleteSolar is IN vogue !!!
Saleem
Hi Saleem. RIMM front page in IBD for tomorrow. Headlines reads "BlackBerry maker allays handset fears as it's Q4 results, Outlook exceeds views". Nice article. I expect it will be ront page news in all the financial papers and that analyst will upgrade or reiterate their buy ratings and raise targets.
ReplyDeleteHi Minaccess,
ReplyDeleteThanks for your update on RIMM coverage by IBD.
Lot of traders are still taking whatever they can get from most stocks......
FA/TA of RIMM will pay big time as market character HAS changed....
New all-time high on RIMM is a foregone conclusion...imho
Saleem
Saleem,
ReplyDeleteI have to laugh when I look at the LDK chart from last week. It appears the news of the 10 year contract deal was being past around a week before the public announcement. I was wondering why all the buying day after day without any news. Now I know.
Hi Standards,
ReplyDeleteSolar trades as a group and gets overbought big time.
Most traders get trapped for 90 days in a downward spiral....
It will be no different this time based on its past history.
Saleem
Hi Standard,
ReplyDeleteYes it is pretty sad to see the elite MM's buying in LDK on the cheap and leave the news release for the retailers, to have to buy higher. So, once again, the MM's can sell into and destroy the retailers at will because, not only do they have shares way cheaper, they also have about 10 to 1 in terms of shares owned and that can be dumped. It is called collusion, is it not? LOL... Oh well, such is the way of the world.
SALEEM
ReplyDeleteGood Morning to you. Looks like a bad opening.
SOLAR is still holding green. Maybe my bag holding of LDK will pay off.
300 shares at $63. Smile :)
Any plans for today, is Spring in Cananda yet?
M
Hi Madmax,
ReplyDeleteThis weekend we will have temp close to 50.....I still have 3 foot of snow on my lawn.....
I will get a chance to work on my car some touch-up some mini maintenance...remember my car is 21 years & 4 months old with 343,000 miles.....
Yes your LDK is looking $2 higher...
Markets are fine these days...all bad news is priced in...imho
I like to book gain on trading stocks and keep strong ones until a certain Target.....
Saleem
SALEEM
ReplyDeleteWhat kind of car do you have_-VOLVO?
I thought it got a lot warmer in April! WHat do I know.
Actually, as a bag holder, I hate it. I know I should sell but I can not so I freeze and do nothing and watch share price drop.
That is why I do not have big returns
from stock investing.
Good Lucki every one.
M
Hi Madmax,
ReplyDeleteI bought Honda Accord brand new in Jan of 1987......I take care of it as if it is a "prized possession"
No engine work ever done..original piston,ring,valve & head gasket....takes me as fast as I want to any location even 4000k trip to my family in US.....never got stuck ever !!!!
Gives me 36 on highway US gallon..it is 5 speed manual!!!
Still looks half decent..no body work done ever!!!
Saleem
SALEEm
ReplyDeleteThat Honda Accord must get clsoe to setting a record for ownership!
Congradualtions, I have a 1996 S-10 pick up so far so good, only 60,000 miles on it. Keep on doing the right thing in this society of through away
mentality--I take my hat off to ya.
LDK up $2.50 RIMM up $2.45
Lets get a beer! Smile:)
M
Its that time of day when you can say, come on and head for the mountains... LOL. Hi Max...
ReplyDeleteRecommendations story about LDK from Piper Jaffray
ReplyDeletePiper is making a positive call on the Solar names saying they have heard Spain has raised solar subsidies and output requirements. The firm said this is a positive for YGE, STP, SPWR, JASO, and FSLR. They continue to recommend shorting LDK. Note that Spain is the world's second-largest solar market.
-----
Wow, I have never seen a analyst having such a hatred for a single company...!!
Hi Troy,
ReplyDeleteThanks for your update on everything Solar.....
PJ was jockeying for investment banking business from LDK...which went to Needham...thus the bitterness.....
Saleem
Troy
ReplyDeleteLooks like the market is ignoring PJ recommendations. The up volume indicates buyers are here!
LDK target is $47 by Sharpcharts.
Did you buy some LDK?
Good Luck all
M
Hi All,
ReplyDeleteAs I mentioned before, PJ was circulating the bad news employee report on LDK OCT 07 to institutional clients back when the price was 60's while having a buy rating on the stock for retail customers. Watch out for PJ.