The Naz looks poised to advance by 2% today, giving the bulls an early Christmas present, by the way.
As you know, [[RIMM]] will be posting quarterly numbers tonight. As you know, I am long the bitch from $18-101. It is one of my biggest positions and take pride in the fact that I’ve held it for the duration of its recent run.
However, I’m somewhat concerned by the recent price action, grossly underperforming other tech bellweathers, like [[AAPL]].
In short, the business is firing on all cylinders. The enterprise business is smoking hot, but may cool if the job market softens. They are poised to enter China, sometime in 2008, but face new competition from AAPL.
With my position, I am doing nada-thing. Should the numbers and guidance go gangster, the stock will be back to $130, in no time. On a bad number, RIMM goes to $85.
In other words, trading RIMM here is “garbagio,” a fancy type of garbage or bullshit.
Stay away, both long and shorts, if you like money.