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Two Ways To Play: Will Consumers Flip Over New BlackBerry?

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Strengthen your portfolio in good times and bad.

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Yesterday, it was Apple's (AAPL) new iPods. Today, it's Research In Motion's (RIMM) new flip BlackBerry Pearl. According to Bloomberg, it's RIMM's first ever flip phone and the new model won't be available until later this year. A specific release date and price weren't disclosed.

RIMM is facing mounting pressure in the smartphone market with Apple's iPhone and the company is trying to extend beyond the business segment and get more diversification with the consumer. Co-CEO Jim Balsillie said about 75% of all mobile phones sold in the U.S. are flip phones.

The new model will initially be available only through Deutsche Telekom's (DT) T-Mobile. As for other features, the phone will have a 2-megapixel camera, and connectivity to Wi-Fi networks.

RIMM settled +5% in today's trading.

From the Bull Pen: We talked about RIMM $100 today as an upside trade. Tight sell stops can be set below that level.

From the Bear Cave: Bears looking for a downside tech play can watch Baidu (BIDU). The stock seems to be sitting on $250 support, and if it makes its way lower, we could see some accelerated selling.
No positions in stocks mentioned.

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