Rimm Earnings Play

[Maverick74]

Quote from hillcast2:

Stock split announced.... They exceeded earnings.

More like blew away earnings. This is going to be a very good qtr for the market. This market priced in perfection for all these stocks and perfection is what it got.

 

[Samson77]

Sold $108.75 current price $104.90

 

[Samson77]

Still short last quote 106.50

ADDING to short here

Target 100.

 

[Samson77]

Sorry this is to nice .......

Had to take partial profit here 102.40

Leaving last 1/3 of the position for now.

 

[Samson77]

Still Short 1/3 of this order target still 100 for now ...

 

[Samson77]

Sold the last of my RIMM today at the close $100.60.

Nice Earnings play that illustrates the fact that BUY the rumor Sell the news is still alive in todays markets.

 

[Mecro]

Quote from Samson77:

Sold the last of my RIMM today at the close $100.60.

Nice Earnings play that illustrates the fact that BUY the rumor Sell the news is still alive in todays markets.

It could have went either way as a sick short rip could have taken place. I think the butterfly spread mentioned by Hello was the best bet to take.

Nevertheless nice taking of profits. Spend it wisely.