RIM earnings....With nothing but bad news from paid ANALYSTS>>>> and short sellers hammering this..with nothing even phasing them to cover even yet after knowcking 20 billion off the market cap in 5 months... short profit over over 50%...
It will be nice to even tune in to hear a conference call that there might be some positive things to say rather than RIM is headed for bankruptcy and loss of 99% of its market share while beating estimates and having a quarter with the most successful launch of one of its new products...
THe media has been entirely complicit in hammering this stock... RIm was given another extension on the India debacle.. did media cover that? I wonder when we have earnings tomorrow and in the 1% the stock does rebound at all that they will announce that it missed estimates and is trading lower... and that RIM products blow up in your hands whenever you say "short seller" 3 times fast ....
RIM SHOULD ANNOUNCE A DEBT ISSUANCE LIKE MOCROSOFT TO BUY BACK 200 million shares.... raise 10 billion in the offering....
Or announce a special dividend...
BELIEVE IT OR NOT THERE IS 5 YEAR SUPPORT HERE FROM BEGINNING OF 2007... besides the low made during the financial crash which shows such a difference to the canadian price due to the US spiking in that crash....
and the charts below make me want to puke... I give this a 30% chance to go higher after earnings and 70% lower to 35 dollars, only because I am long december calls.....
If I was short.. I would give this a 70% chance or going UP and 30% down...
that is how much the market likes to stick it to me.... so ask me to sell if you are long, and you will make a lot of money.
