iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,803 Blog Posts

Position Updates: RIMM

With the market knifing lower, I am prepared to buy [[RIMM]] under $100, for a trade. I believe the stock is under pressure, due to the jobs numbers.

Plain and simple, RIMM receives a lot of their revenue from professionals. When those fuckers get shitcanned, well then, they cancel their stupid blackberry service.

However, it’s still too early to see that reflected in the company’s numbers. Like I said before, I expect the stock to get the stuffing kicked out of it, during the 2nd half of 2008—not now.

Therefore, on this dive, it makes sense to put in a limit order to buy @ $100 and below.

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7 comments

  1. Green Writer

    They may need the blackberries more than ever. Would’nt be surprised to see a surprise even in a weak enviornment. Below $100 sounds good.
    Got your recipe up on the PG board.

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  2. yokahomamama

    Fly and others,

    Check out the press-release.
    Who are these guys? Have they beaten MVIS to the punch?

    http://www.lumus-optical.com/downloads/press/PressRelease-Jan108.pdf

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  3. The Fly

    Yoka:

    It doesn’t matter.

    MVIS is not producing anything. Their partners, MOT and others, will.

    Therefore, the product will be on shelves, no doubt.

    The question is: when?

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  4. Green Writer

    Lummus seems to be an Israeli company…wonder if they are in cahoots with TOKMAN…They seem to be receiving financing so I doubt the have a product on the market yet.

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  5. calvino

    I said bidu, jrjc, ej and crm yesterday, didn’t I green? You got politically correct on me. Acknowledge!

    Fly said ‘Some of you think this market is oversold, the bear is long in the tooth. Fuck you. I don’t think so.’

    I like that refreshingly candid manner of speaking.

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  6. Juice

    Fly – any opinion on AZZ ?

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  7. JakeGint

    Fly said that before the market rose up 100 points yesterday.

    I shorted the Cubes at 50.66, apres that.

    _________

    I agree with Fly’s “RIMM for a trade” below 100… because it should bounce off that fib one more time, before making it’s way to 60, long before “the second half of 2008.”

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