15 definitions by a_fool
A financial term used for a stock that appears to have intrinsic value, but actually has no value whatsoever. It is derived from the collapse in Research In Motions equity ticker (RIM), the former maker of the popular Blackberry device.
An investor who gets rimmed is one who watches the CEO continually lie about the value of the company in total denial about the fact that there are significantly better products on the market as was the case for RIM.
An investor who gets rimmed is one who watches the CEO continually lie about the value of the company in total denial about the fact that there are significantly better products on the market as was the case for RIM.
investor dude, i lost a fortune on that stock. I've been totally rimmed today.
advisor you should stay away from XYZ stock too, you could get rimmed on it.
advisor you should stay away from XYZ stock too, you could get rimmed on it.
by a_fool March 17, 2017