Comments on: Mike Abramsky's bad RIM advice

By: James, Toronto, Ontario

James, Toronto, Ontario — Fri, 15 May 2009 18:57:00 +0000

Fact is, the canadian Rim cannot survive without the perenial Buy1 Get1 blackberry giveaway deals. But no company can survive in perenially giving away its products.

RIM RIP.

By: William Smith, Halifax, Nova Scotia

William Smith, Halifax, Nova Scotia — Wed, 18 Feb 2009 23:14:33 +0000

I was directed to this article from an aggregate of RIM related content while looking at RIM's stock price.

Two things about this article make me laugh.

1. Singling a person out because of their mistakes is in stock market picks is silly and unbecoming. Nobody gets it right all the time and some people may actually have a preference for a stock without it being a matter of national pride.

2. The constant need to compare the iPhone to RIM's offering is a lot like a little brother vying for acceptance. And there is no need for this. The iPhone is a fine product, which stands on it's own.

By: Mike Wadner, Portland, OR

Mike Wadner, Portland, OR — Fri, 13 Feb 2009 16:25:20 +0000

Mike Abramsky is an idiot. Let's not forget, it is analysts like him who gave Bear Stearns, Merrill Lynch, B of A and all the others, great ratings when they were doing bad stuff. Analysts are myopic in their view of companies. The average person can usually do a better job in predicting long term strength of companies with a little common sense applied.

By: Stephen Jesson, Orange, CA 714-803-8633

Stephen Jesson, Orange, CA 714-803-8633 — Fri, 13 Feb 2009 08:41:32 +0000

My 20 years in retail & wholesale cellular phone sales makes this clear.

1. The iPhone is the best overall handheld cellular phone ever made.

2. Apple released it with the best pricing plan available at $599 and then made it better at $399. In the US wireless market in 10 years.

3. Apple blew it. Subsidized the iPhone. Walk into an AT&T store now, get on a phone call with AT&T customer service agent.

I have personally sold & activated THOUSANDS of cellular phones and AT&T has been a nightmare.

The biggest mistake Apple ever made in the last 5 years, and it will be shown as their largest screw up equal to New Coke, was subsidizing the iPhone.

Take the Motorola RAZR as another example.

A manufacturer hits a home run, and instead of SELLING their fantastic product, they listen to 'partner' who tells them, 'give your WINNER away to support our LOSER service'.

That will satisfy our customers.

Actually, everybody LOSES.

Check Motorola's stock.

RAZR, was the best phone on the market, it had no competitors, the price did not need to go down.

iPhone was selling out. Every single unit at $399.00

If you can't produce enough phones why lower the price?

To attract customers that can't afford the monthly bill?

Good plan.

Steve

By: TimboM, Madison, WI

TimboM, Madison, WI — Fri, 13 Feb 2009 00:28:14 +0000

Well, you won't do it PED but I will. As I have written before, both Misek and Abramsky are consistently biased in favor of RIM. RIM is Canada's largest company by market cap, so do you suppose that there could be a large incentive to build it up in any way possible? I am quite sure that if you look at institutional ownership you will see quite a messy trail for both Canacord and RBC and their partners.

In addition, RIM is deeply intertwined with various portions of the RBC business, and here are some examples:

http://torontostar.morningstar.ca/globalhome/Stocks/CNWNews.asp?StrID=urn:newsml:newswire.ca:20080512:C7116:1

http://press.rim.com/partner/release.jsp?id=575

http://www.rbcroyalbank.com/RBC:SY38HI71A8cAdlCULIQ/mobile/index.html

Gee, if Apple used Citicorp or Morgan Stanley or Goldman Sachs to help capitalize its App Store, would those institutions be in an unbiased position to evaluate Apple as an investment?

By: Mike, TX

Mike, TX — Thu, 12 Feb 2009 01:28:01 +0000

Phil,

I'm glad you are taking this clown and the orhers to town on their BS calls. If we only had more writers take these guys to task, we would stop the BS calls and people wouldn't get their money stolen by these frauds.. Good job.

By: Lance, Eden Prairie, MN

Lance, Eden Prairie, MN — Wed, 11 Feb 2009 23:20:21 +0000

Actually not hard to believe RBC analysts don't favor Cananadian companies. RBC pounded the table on ATYT (ATI) and dissed NVDA (Nvidia) for years.

Well, who's still standing. It ain't ATI. ATI is in the process of the final death of AMD.

By: HuH, CA

HuH, CA — Wed, 11 Feb 2009 23:13:33 +0000

There should be a rating system for analysts. Everytime they correctly predict, their score should go up and everytime they wrongly predict, their score should go down. After all they should be accountable too. Investors must only look up to high scoring analysts. An independent organization must maintain these scores.

By: Suresh, San Jose, CA

Suresh, San Jose, CA — Wed, 11 Feb 2009 23:08:45 +0000

Who says he is not giving proper guidance? I made money by just doing the opposite of his advice. How many analysts can give predictable advices?

By: Kontra

Kontra — Wed, 11 Feb 2009 22:02:59 +0000

"When is the SEC going to investigate these analysts, who clearly have a vested interest in seeing certain stocks move in certain directions?"

You say that as if it's a bad thing. That's their job, ain't it?