All of us are very well aware of the master mind behind the Blackberry operating system. Blackberry ruled the market immediately after its launch. The operating system RIM was so powerful that it out shadowed the popular operating systems like iOS. It was so clear that people loved their new smart phones. But then RIM entered the new financial year of 2011.
RIM has been facing ups and downs in their company and trading since the start of 2011. Everyone knows that it was a bad year for RIM, very bad. The all new Blackberry Tablet didn’t work in the market and finally they ended up selling their Playbooks for discounted price. Also, their new range of Blackberry Smart phones could not create furor in the mobile market as Android and iOS was already ruling the market.
Recently it was reported that the company is again planning to make chief executive level shifts without any new strategic directions. Rim stocks are also not going up and still RIM makers are not thinking of any great innovative strategy. God knows what they are up to!
With these changes, RIM also faced a showdown of about 8 percent in their stock prices. Earlier there was an instance, where the stocks were oversold that actually created short term edges and thus went higher and higher. But now, things can’t go worse than this for RIM, as the stock’s latest rally into overbought field.
This is a very rare moment in the entire lifetime of Research in Motion as the conditions previously were low, but now they are going lower. Thus, this made sellers to finally put the stock down in an agitation of selling for trading on the first day of the week. Following the struggle of Research in Motion in the market, one thing is sure that every investor is going to think thousand times before investing their cash in this company.
Investors would surely follow the so called rule of buying stocks that are moving above 200/ day average. Investors would surely have lots of doubts in their minds related to Research in Motion’s slip in stock. Finally Research in Motion has entered the bear market territory of US trading market, and investors have lost all hopes of this company escaping this territory as soon as possible. But it is said that the stocks which are running below 200 per day average are not able to cope up with the bear market territory tag.
And it is believed that even if Research in Motion fortunately gets out of this territory, it will surely make it to the top again. Let’s just wish them all the best! As it is observed that those companies who have luckily escaped this bear market territory have positively bounced back in the market. For instance, the Citigroup or the Bank of America made remarkable recoils in current week. Just like RIM, Citibank also faced the same condition, and their stocks were running lower and lower.






