On August 27th 2008 Mr. Hsu discovered a new buy for his $3.000/year paying readers. It was RIMM. Mr. Hsu wrote:
I think there are huge profits to come, so I want you to buy RIMM under $135. I'm targeting $160 in the next six to eight months, which would give us a nice 20% gain.
September 3
Performance: -8.7%
Buy below $135
September 10
Performance: -18.4%
Buy below $135
September 17
Performance: -27.5%
Buy below $135
September 24
Performance: -24.6%
Buy below $135
September 2
Performance: -47.8%
Sell RIMM, or more precisely, I want you to sell RIMM if you haven't done so already.
Note that at $62 RIMM has a PE ratio of around 20. At $135 it would be more than 40. Isn't it too risky?
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