Launch was blown. Wrong speaker, wrong audience, focused on the wrong message. But, still long. I'm normally buying puts, ultrashort ETFs or writing calls. Why bullish on this?
#1 - fundamentals are very strong from a financial perspective. Big amount of cash and won't take a lot to hit breakeven.
#2 - Their sales are very diversified and global.
#3 - I didn't see this at all about the phone, but about the OS. We now have four players - iOS, android, windows mobile and now QNX. This OS goes way beyond the phone experience.
I wouldn't be surprised after a few weeks if CEO raises guidance for 2013. This alone would double the stock if they wrap in an announcement related to QNX.
I'll stick around until the high 20s. I mean, if AMZN is trading at 3,300 P/E after announcing they expect shrinking margins this year, I don't think it will take a lot of enthusiasm to make this thing double.