FYI - RIMM December 15 - Earnings

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ForexForex

FYI - RIMM December 15 - Earnings


This could be a good long Strangle play, buy on Thursday sell on Friday. Should cost less than $1.00. I am bullish on RIMM, but would like to play both sides of the fence.

I will update on Thursday. :)



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14,688 people like this.
 
get the stock low 'enuf so google can buy 'em for pocket change and mothball it.
put them out of their misery.

the mba mouthpiece at the top has no clue and the board of directors is a bunch of local yokals.

millions pissed away on patent infringe.
losers.

http://www.bgr.com/2011/06/30/open-...xec-tells-all-as-company-crumbles-around-him/

the rank and file has no respect for the skipper and the boat is sinking.

they are like rabid dogs from the ties that bind.....

http://www.cbc.ca/news/canada/story/2011/12/09/rim-execs-flight.html

up the creek without a paddle.

lower highs and lower lows.

buy 'em all at zero, or not.

u wanna be long and wrong........:)

cheers,


s
 
Quote from ForexForex:

I'm bullish for the earnings report.
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Well...okay...but looking at the one year chart it looks to me like one would be better off with a bearish position around earnings. But you're a lot smarter than I am.

Good luck.
 
Quote from probe1957:

Well...okay...but looking at the one year chart it looks to me like one would be better off with a bearish position around earnings. But you're a lot smarter than I am.

Good luck.
More...


I prefer to avoid playing earnings reports if possible - too much of a coin toss. But RIMMs report date was announced after I set up the Bear Spread. Think I'll let them flip the coin and see what happens this time, just for the heck of it.
 
Quote from ForexForex:

FYI - RIMM December 15 - Earnings


This could be a good long Strangle play, buy on Thursday sell on Friday. Should cost less than $1.00. I am bullish on RIMM, but would like to play both sides of the fence.

I will update on Thursday. :)



images.jpeg

14,688 people like this.
More...

Why would this be a good straddle play?
Don't you think RIMM's earning surprises have been works into option prices?
 
Quote from cactiman:

I prefer to avoid playing earnings reports if possible - too much of a coin toss. But RIMMs report date was announced after I set up the Bear Spread. Think I'll let them flip the coin and see what happens...

Got Lucky This Time!


Dec. 15, 2011, 4:23 p.m. EST
RIM earnings fall; forecast below Street targets
SAN FRANCISCO (MarketWatch) -- Research In Motion Ltd. reported a sharp drop in earnings for its third fiscal quarter, and issued a forecast for the current period that was well below Wall Street's expectations. For the quarter ended Nov. 26, RIM (NASDAQ:RIMM) reported net income of $265 million, or 51 cents per share, compared to net income of $911 million, or 1.74 cents a share, for the same period last year. Adjusted earnings came in at $667 million, or $1.27 per share, for the recent period. Revenue slipped 6% to $5.17 billion. Analysts had forecast earnings of $1.19 per share on revenue of $5.27 billion, according to consensus forecasts from Thomson Reuters. For the fourth fiscal quarter ending in February, RIM said it expects earnings to come in the range of 80-90 cents per share - analysts were expecting $1.18 per share. Revenue for the period is expected to come in between $4.6 billion and $4.9 billion, with smartphone shipments in the range of 11-12 million units for the period. Analysts were expecting revenue of $5.12 billion with 13.1 million units shipped for the period.
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