RIM's Retreat an Overreaction

Geez, the way Research In Motion(RIMM Quote) was trading down in the high teens on Wednesday, you'd think George W. Bush had endorsed the Blackberry.

Well, he didn't, and don't worry. The more-popular President Obama hasn't weighed in either.

All that's happened in this market, which shows no mercy, is that RIM announced a pair of items about its fourth quarter, to be reported on Feb. 28. Traders overreacted to the short-term bad and all but ignored the long-term good. For shame!

But the shame of traders means opportunity for you. Watch my video to hear how you can capitalize:

All in all, it's understandable that in this economy, customers would not be upgrading. But if the absolute number of subscribers is growing faster than expected, guess what? Soup to nuts, that's positive.

Given time, customers will upgrade. Moreover, RIM now has far more customers than it ever thought it would, all poised to upgrade, as the move toward smart phones from RIM, Apple(AAPL Quote), Google(GOOG Quote) and more marches on, even into the current economic headwinds.

Good news indeed.

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