RIM update (see also Dec 21 blog)

rim jan 2012

We were a little early and tentative to start but when this stock hit $12.80 we did recognize it as a major low. As mentioned then , the stock is probable worth more than $20 even in a break-up situation and the targets of $10 or lower seemed a bit ludicrous.  Had you bought at $14, you are now up 20%+. I suspect that it will go further but usually not in a straight line. At $20 (about 50% up) I would be out in any case.