Thursday, June 19, 2008 1:17:11 PM
Yeah i see RIMM back and forth at this 146-147.70 level. I think many expect a retrace since its up 5 days in a row, etc but this is earnings run up time. Earnings next wednesday and I think it breaks 150$ before that. I have some common and july calls to play the run up but i certainly dont plan on holding through earnings. With cramer pumping RIMM and many analysts raising expectations i at least expect many to want to get on board and for RIMM to continue to rise into earnings.
Im not going to be a sucker though and fall for the hype game or be left in the dark bc expectations not met Many times options/calls dont continue to go up after earnings bc most of the time premium already included in price.