Rimm Earnings Play

S

Samson77

I am very tempted to short rimm before the close today !!!

I believe this may just be another Buy the rumor Sell the news play.

Target 100.

It's a tough call any thoughts !!!
 
You might be right, so I would short a very small amount. This way if you are wrong you could average and come out.
Cheers,
 
Quote from Samson77:

I am very tempted to short rimm before the close today !!!

I believe this may just be another Buy the rumor Sell the news play.

Target 100.

It's a tough call any thoughts !!!
More...

If you play options, with implied vol on RIMM sky high, you can buy a front month April butterfly spread cheap. At 100, the risk:reward (1:9) is very compelling and your risk is small if wrong. I'm in a few myself as of this afternoon.
 
That is a tough call.... I can only think that the news will be good after the bell when they start talking. I can't help but think this will soar and then split.....
 
Quote from Samson77:

I am very tempted to short rimm before the close today !!!

I believe this may just be another Buy the rumor Sell the news play.

Target 100.

It's a tough call any thoughts !!!
More...

If you want to make money - trade small.

Good luck :)
 
Thanks for all the replies....

I have no doubt that the report will be good BUT I really like the play.

Here is the real issue, with the economic report tomorrow I expect the market to get really whippy (Low volume) so it is a real risk of being stopped so the play will be a sell (SMALL) to lessen the risk and I will add on if the position moves in my favor.

I will sell market on close.
 
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