July 7, 2007:
WATERLOO–If Jim Balsillie is concerned about the arrival of Apple Inc.'s much-hyped iPhone, he's doing a good job of keeping it to himself.
The co-CEO of Research In Motion Ltd., which makes the popular line of BlackBerry email devices, said in an interview at RIM's Waterloo headquarters that he's not losing sleep over Apple's efforts to upend the wireless market in much the same way as its wildly popular iPod music devices changed the way people acquire and listen to music.
In fact, Balsillie said he couldn't even confirm whether anyone at RIM's sprawling campus has managed to get their hands on an iPhone, which went on sale in the United States a week ago amid a torrent of media coverage.
"I haven't seen one," he volunteered with a shrug of his shoulders and a bored expression.
"It's possible, I guess. I mean, you watch these things, but you really have to just focus and do your job."
Thursday, June 26, 2008
July 7, 2007:
Tuesday, June 24, 2008
Monday, June 23, 2008
Thursday, June 19, 2008
A call came through on the Piper land line from Cramer.
"I need some help pal."
"You bet. What can I do for you?"
"Schnitchel your $250 target on Apple Gene."
"I told Cramerica to dump 75% of their Apple stock."
"You did what?"
"Just before Apple's annual lovefest. You probably saw it."
"Uh, I don't watch your show . . . ."
"There was too much hype about the iPhone! Now the stock is bouncing, so yesterday I had to use the Job's health scare nonsense. It didn't work! The stock went up. You gotta help me. I'm looking like, BAD, on that call."
"Geez Jim, I dunno. $250 might actually be low . . . did you see all those countries Apple will be selling into? GPS. Push mail. Everybody in the office wants one."
"I need some advice Gene. You have NO IDEA, NO IDEA."
"You're right. I don't. Good luck Jim."
Tuesday, June 10, 2008
Now Cramer's trying to save the banks with the Satan of last resort saves: Commissions. The retail nick is always the lowest card in the deck.
So, not only does he recommend selling Apple, but he recommended selling it in TWO transactions. Then he goes on to recommend a third transaction -- buying some back again tomorrow (minus what you'll need to save to pay capital gains) if the reviews on the new iPhone are good.
Check out the video clip for what passes as good investment advice these days. Note that Two-Slot can't recommend a better place to put that 75% of AAPL (other than Apple -- buy it back tomorrow) that he says you should sell.
Donkey quote: "I'm not a technologist ok."
Why does anyone listen to this guy?