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.
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.