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    2008-06-23

    RIMM

    hardly remember my last event driven bet. RIMM seems God blessed in recent years. So what is going to happen next Wed? Shall I use some convergence strategy or long some straddle to rely on volatility? No, no complication in any means.

    I would bet it's going down. Maybe it would be up after conference call next Wed, but wouldn't be much given its current price and current macro-environment. But, but if it goes down, that would be huge, most likely 30%+. It's about fundamentals, but not all about fundamentals and not all the time. There is big short pressure for this stock. I like blackberries but I could short RIMM at the same time.

    Let's wait and see.

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