Nice trade Wes. Scale your way out as it ascends, not a bad strategy. I wrote some 17 calls today at the close.. I have written a bunch of puts recently to get my average down to 16.31 ..if I lose the stock at 17 on 2/1 expiration will still have 75% of my position left. What a long strange trip it has been!
YOU SHORTS WILL BURN!!!!!!!
RIMM is heading to $20 by the end of January.
If BB10 sales are anything close to successful, we'll see $40 by June/July!!!!1
SAVE THIS MESSAGE SHORTS!!!!
After the bs pump you will be doing well. Looking for $11 - $12 short term before or after release. After release long term lower than that as they will not gain any market share for the tech co's which have already dominated this sector.
Sentiment: Strong Sell