Friday, April 29, 2011

RIM Tanks!

As all the excitement was starting for the royal wedding, Research in Motion was having a stroke. Specifically a downstroke! RIM's shares freefell 12% in Frankfurt after cutting it's profit outlook. It's seems most consumers are spending their money on Apple or Google's Android products!

The chart above is RIM's stock on the Canadian stock exchange Friday morning. The Ontario, Canada company is having trouble keeping even Canadian analysts optimistic about the stock, as a number of them have downgraded their outlook on the company.

I think this is a better graphical explanation of what is happening to the stock. Let me explain: Mr shareholder is walking down the street with his RIM shares in his pocket and just minding his own business... well I think you get the idea!

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