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Saturday, June 19

Joining the TECHNO craze. RIMM is my top choice. Blackberry may be a winner soon.

While the market is pricing APPLE as if it is going to obtain 100% market share in the smartphone and tablet sector, it has left out blackberry, or even punished it for not being able to keep up with APPLE’s innovation.

Buying the Rumors

Blackberry is said to be developing 2 new devices. One is a BLACK Tablet touted to compete with the crazy iPAD. And another is the 9800 BOLD with slideout Qwerty keyboard. Crisp pictures of the rumored device is on this site: http://us.rd.yahoo.com/dailynews/ytech_gadg/tc_ytech_gadg/storytext/ytech_gadg_tc2597/36539209/SIG=122meghdp/*http://berrytimes.cn/2010/06/04/blackberry-9800-details-in-foto/

It looks like Blackberry is going to be back in business again. Very promising.

Buying the Strong Balance Sheet

Blackberry has one of the strongest balance sheet among TECH stocks. With 0 debt.

Like APPLE, blackberry has lots of cash, however, BLACKBERRY has a lower PEG than AAPL, this means it has a better valuation than APPLE.

Wait for the next earnings release

We should wait for the next earnings release before buying this stock. And do note that if it spikes up, many people love to short the stock after that. So it is not that easy to invest in RIMM and get maximum returns.

Disclosure: Looking to buy the stock at $55, maximum price I am willing to buy is $61

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