RIMM "Sell" Rating, Shares Rise... Then Drop (RIMM)

BGC Partners initiated coverage on the stock with a “Sell” rating and a price target of $38. The stock is down 30% this year, their phones need improvement and they technology seems very old. 


What strikes me as interesting is RIMM stock is up 2% up nearly 4% earlier in the session. I would like to see this thing down below 40 as the torch phone seems to be nothing special, basically a beefed up storm. 


VOLUME STILL LIGHT TODAY 

Posted in: RIMM