On June 19, 2008, Research In Motion Ltd. (now BlackBerry Ltd., of course), hit a record high of $147.55 in New York. It was all downhill from there, and the shares are now nearly 95 per cent lower. But did the 2008 peak bring contrarian signs that the good days were drawing to a close?
Here are the Bloomberg News headlines in the lead-up to the record high, and the days that followed. While it isn’t clear that RIM was heading for a cliff, you might be able to spot some signs of an approaching turning point.