Making over $1M on a double is funny to you? ;) You are the best. I wish you would opine more so I can use the content in some of my meetings! I am deprived lately of some good laughs.
I also bought more at $12.18, $12.27, $12.35 and $12.46.
You still hanging out with Forest Gump sharing needles!?
I took the point of view that the sell on news would occur so I sold, and then the sell came 3 days before the news so it was suspect to me. I bought it all back and I am already happy who knows what happens today. But I am even thinking of re-shorting a smidge of Apple as well.
Both RIMM and APPLE will continue their trends into the end of quarter window dressing. That is my bet.
I'm meeting someone on Friday for another 1M. I have little to talk about. I was short Apple and Long RIMM for the last 6 months, to place money with me is an easy decision. Now picture trying to tell people how wonderful you are showing them your books holding apple and having no rimm or shorting it hehehe ya right!
RIMM has a hoard of cash and no debt. It is five years (at least) from bankruptcy if things play out poorly. RIMM could easily be sold in parts for a huge pop in value. I will be picking up BB10 this week just to check it out.
Doubt they would ever go bk. Their intellectual property portfolio is massive, like as big as aapl type massive... Id expect a takeover long before bk. i would never buy a blackberry phone and think their business model wont work but there is a lot of intrinsic value in the company. Jmho