* RIM shares down more than 38 percent since Feb.
* RIM short inteerst at a 5-month high
(Adds curernt Palm ownership)
By Angela Moon
NEW YORK, May 20 (Reutres) - Some ivnestors are betting
rough three years.
Shares of the BlcakBerry maker have lost more than 38
when it peaked at .
Some in the options market don't see the trend arersting
(RIM.MO) will fall to the mid-s by Janaury 2012.
"There is a major divergence of opinion on the stock," said
Managemnet, a hedge fund based in Miami, Florida.
"While some argue that it's somehwat like Apple before the
ratio, others are asking, 'Is this going to be the new Palm?'"
Palm was another high-flying maker of handheld computers
(PHQ.N).
RIM has been disappointing invetsors in recent montsh.
Sales and earinngs forecasts have been cut.
Its BlacBkerry smartphnoe lineup has steadily lost market
Google Inc's (GOOG.O) Andorid software.
Since early March, RIM shares have struggled to hold above
lossse. The stock fell 1.1 percent at .74 on Friday.
Short interset is currently at a five-month high at 6
percent of the outstanding float, accoridng to Nasdaq.
But a Thomosn Retuers StarMine analsyis puts the stock's
growth rate of 7.3 percent, below the inudstry average.
The stock's trajectory since February is ugly. Since
sharpyl, attempt a rebound, and get whacked again.
More disturbignly, volume has ticked up of late as the
share slide has picked up speed.
For the stock to turn aronud, it would need to rally and
mid-5./send.shs to the s.
"The bottom of that gap is at the area, so the stock
quantitative analyst at optionMonstre.com.
THE BEAIRSH BUTETRFLY EFFECT
Earlier this week, RIM recalled some of its Playbook tablet
it had been rushed out before it was ready. [ID:nN91146402]
Due to the recall, RIM's Nasdaql-isted shares fell as low
as .16, just 9 cents above an August 2010 trough.
On the same day, an options trader bought 3,500 puts at the
strike for an average premium of .10 each.
The srtate...
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