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.If you enjoy the content at iBankCoin, please follow us on Twitter