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As time goes on I've come to realize that what I once thought was my absolute grasp on the secrets of the Universe were just a prelude to the growing realization that I understand nothing.
Nothing at all.
What I'm also realizing is that during that period of your life when you are on the path of professional ascendancy or at least hoping to be on that path it's not about substance at all.
It's always about appearances. The appearance of substance is priceless.
Which essentially means that the world is divided into just two camps.
Those that are truly capable and those that aren't, but may look good as they feign their way through the system and up the ladder.
For purposes of maintaining a dichotomy, I conveniently overlook those that are in no way capable, nor ever perceived as being capable.
I suppose that there could also be those that had been fully capable but got thrown to the curb as societ and technology passed them by.
Reserch in Motion seems to fall into that last category.
Just a few short days ago, after ridiculing the Research in Motion CEO's performance on the evening of the earnings report that missed analyst's estimates of $0.80 by 7/10's of a cent, the shares recovered from their immediate plunge and actually closed the quarter, which happened to be the very next day, up $1.
It doesn't matter whether you're dealing with a $14 stock or a $600 holding, but a 7% move is a big deal, just as apparently a 0.875% miss in earnings estimates turns out to be and then doesn't
I don't own shares of RIMM, but I have to wonder how in the second day of the new quarter it could be back down to a point that it's now trading 5% below its weekly low, which was already pretty low.
Did anything change?