Remember the trade is simple. I run money for some people, I want more people. I met with someone yesterday for another 1M. He politely asked what some of my positions were. I was short apple and long rimm for six months. Cleared both positions and now added to both positions again.
I assure you that any fund that shows they have owned or bought apple for the last 6 months MUST get rid of this for End of Quarter or you will look like an idiot! That is alot of selling pressure for Apple then it will be bought with fury like I will be doing between mid-March and April.
I bucked your advise and covered my VXX short this morning at 22.87, and putting some faith in your RIMM call and bought today for 12.92. They have way too much cash for those that say they are bankrupt (don't get those comments at all) so wes....hoping your right about RIMM. If it gets cheaper I will buy more. Can't see vxx as positive for longs unless something disastrous happens.