Seeking Alpha
  • Ashraf Eassa
    Why is $ARMH up 13.5%, but the actual stock on the London exchange only up 10%? People in the US must really dig momo...
    4/23/13
    Reply (10)
    • dude111: sorry dude. i know you had a short position. what's your current position on BBRY?
      4/23/13
    • Ashraf Eassa: Short position covered earlier. Thanks to short put hedge + covering half yesterday, I came out okay. Done with that stock.
      4/23/13
    • Ashraf Eassa: No position in BBRY for now.
      4/23/13
    • dude111: What's your short term outlook? I'm still holding short from 14.5.
      4/23/13
    • Ashraf Eassa: short BBRY?
      4/23/13
    • dude111: yea
      4/23/13
    • dude111: didn't get out at low 13s. probably should have, but i feel BBRY will not be able to sustain $7B+ market cap.
      4/23/13
    • Ashraf Eassa: I thought $20B market cap for $ARMH was high enough...be very careful with short positions :)
      4/23/13
    • dude111: Agreed. ARMH is in an upswing and I only see more ARM devices on the street - including TVs, etc. Don't think it's time to short ARMH yet.
      4/23/13
    • dude111: BBRYs OPEX is high, once revenues drop below OPEX, it's hard to stay in business. Cash burnup becomes a problem.
      4/23/13