what happened to the nflx shorts tonight will happen to the rimm shorts in due time. The main
difference is that while rimm has solid fundies, nflx is a cash burner hoping for a buyout from somebody, anybody.
Exactly. And look at the similarities besides the insane short int. Both were expected to lose money this year. You'd have to be an idiot to think rimm won't make a few bil in net profit this year. So nflx rises 35%. I bet when rimm reports the mar-may period, the price is up to 50 then. and when they blow out the numbers, a 40% rise takes it $70. Yes the squeeze will still continue even then because there are really so many #$%$ who hate this company and will continue to short it as it rises.
Everything I've read points to RIMM losing money through 2014. If BB10 gains traction and sells through like some have speculated, profits will return in 2015. There is virtually ZERO chance the RIMM makes a few billion. If they are profitable the would be a nice surprise.