the way longs are pre-emptively rationalizing the imminent drop on 12/20 is remarkable.
this thing's priced for absolute perfection.
(that said, i did close my dec 11 put for a small loss. options theta from an overall sideways market's getting cruash. .........i'll be back later.)
I have never seen this board so defensive and hostile at the mention of earnings and revenues this close to the next report. Kind of Jim Jones like atmosphere if anyone strays away from BB10 hype or cnbc watching.
CNBC dont get the big picture since they always tent to focus on USA Market and since Rimm is not there much anymore, they tent to see it as a dead company, but rimm is all over and will be back in the staes. a lot of people dont see that with CNBC folks
Sentiment: Strong Buy
The better question is when do Earnings and Guidance become important to SHORTS....I may not have noticed it Joew but have you ever disclosed on this thread whether you are Short the stock --Long the stock --Maybe your parents own it for you in a Custodian Account and you hate your parents so you want it to go down?? Sorry I have no right to be nasty to you---I will assume you are 21 and probably are short the stock along with hating RIMM management. Rimm's near term fundamentals are absolutely Sketchy....and the stock 3, 4 even 5 qtrs. ago made sure it discounted a lot of that....INCLUDING 2 or 3 more qtrs....But since an increase in REVS, Earns, and possible acquisition are coming up.....the stock runs up in anticipationof that---Like Solar--Truth pointed out the June #'s that are anticipated hav more to do with the stock the next 2 qtrs that get reported.
So when you start rationalizing the Short's argument that ---watch out Longs bad bad earnings are coming...no one will be scared to unload....and when I say "no one" I mean Institutions that own Millions of dollars of Shares who can't afford to be wrong or miss a big move in EITHER direction.
If you think the stock will now conveniently back up to 7 bucks so that the Shorts can cover ---think again. JMHO
You're right that earnings and revenues become important around the June report. The metric that Rimm supporters will be looking at will be orders and pre-order announcements around the end of February. (if no further delay)
No position - yet.
Gotcha. Are longs not even going to listen to the earnings call or will you be tuning into youtube videos of BB10 for your investment guidance? (seeing that the market doesn't care about RIM's number until June)