Tuesday, January 5, 2010

Research in Motion Upgrade

Research in Motion (RIMM), a holding in a number of our trading accounts, has been frustrating of late.  We own it and have been patient because I feel that all the growth in phones over the next five years will be in the 'smart phone' segment, and there are really only two major players at this time:  Apple and RIMM.  There is plenty of room for both to grow enormously; it's not a zero sum game.  In any case, this morning Morgan Stanley upgraded the stock to 'overweight,' with a $90 price target.

From their mouth to God's ears....

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