Even A Strong Market Rally Cannot Save RIMM (DJIA, COMPQ, RIMM, AAPL, GOOG)

The Dow (DJIA) is up 140 points today and the Nasdaq Composite (COMPQ) is higher by 1.62%. But, if you were just looking at how Research in Motion RIMM was trading you would think the market was having a rough day. RIMM shares are lower by 73 cents, or 1.44%, to $50.10. Shares are now barely above their 52-week low of $47.42. Investors are sending a strong signal that RIMM is losing out to competitors in the smartphone market. The new BlackBerry Torch simply cannot compete with Apple AAPL and Google GOOG devices. RIMM has fallen by the wayside and is largely becoming irrelevant. While the smartphone market is growing and there is a large pie to be shared, RIMM's piece of that pie seems to be shrinking rapidly with each passing quarter.