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  • This Advance Will Be Measured in Days, Not Months [View article]
    My RIMM prediction was posted here on July 10 2009.
    The article was :RIMM Proceed with caution.
    It's July 17 and a miracle has occurred. RImm's gained $7 a share.
    Was it the settlement of a court case where RIMM has agreed to pay $264 million? I could see how that would help share price...
    What settlement, when you pay out $264 million, you didn't have a defense.
    Jul 17 10:33 am |Rating: 0 0 |Link to Comment
  • This Advance Will Be Measured in Days, Not Months [View article]
    I agree with shorting from here on in.
    I'd go as far as saying we're about to see March's lows after AIG reports in August. They should've blipped off the radar after losing what I believe was $700 + dollars a share.
    I'd like to know if any of these banks have turned over any of their toxic assets and how long they are allowed to suspend marking them to market???
    Phillip Davis had it right in his article "Here we go Again"
    10 days ago RIMM was paying a premium of $7 a put at $65 for this strike date. Everyone claimed this was Bearish.
    I knew it was bullish for whoever sold the put.
    I also knew RIMM would be about $72 today for those puts to expire worthless.
    We wonder how Goldman makes 10 billion in trading and 4 billion in actual banking? They have some very accurate traders at a time when markets are a roller coaster ride.
    One can only wonder how events seem so well choreographed.
    Jul 17 10:27 am |Rating: +3 -1 |Link to Comment
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