Stock not looking too good for RIM
By Kim Zalewski

Regardless of the fact that the BlackBerry Torch, 'the best BB ever' was just released, stock market participants have studied the situation carefully and timely, and they do not like what they see. As a result of the strong competition with the iPhone 4 and the fabulous momentum that the Android OS is experiencing, BB devices have had it really tough selling in a market other than businessmen in suites who need their e-mail phones with them at all times. RIM's stock (Nasdaq symbol RIMM) has just recently hit the 50 level on that ugly downside. Technical analysts aren't predicting good things for RIM, having the 52 week high set at 88.08 with the 52 week low set at 45.05 as of Friday. Now, disregarding this stock situation for a minute, BlackBerry handsets still have lots and lots of fans who are 100% loyal to Rim, however, will that be enough to keep the company floating? With competitors like The iPhone, Android, and Microsoft about to come up with the Windows Phone 7, doesn't seem like an easy task.






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