RIM Shares Fall on Non-Event, Time to Buy
Submitted by theStockMasters... on Mon, 08/02/2010 - 15:43
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Research in Motion (NASDAQ:RIMM) shares are now just 15.7% from its 52-week low. Today's overblown story about the UAE saying they "may" block key features on BlackBerry smart phones, citing national security concerns because the devices operate beyond the government's ability to monitor their use is just hot air.
Key word Masters, the UAE "may" cut off RIM by October, that's three months away, do you really think this issue will still be alive then?
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We talked up RIM last Tuesday in Masters New Watch List: RIM, Patriot, and D. R. Horton. Don't let the Media scare you, its that simple.
Here's more on how Saudi Arabia has indicated it planned to follow suit vs RIM:
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