OT: Update on RIMM
"Late to da party" Goldie Lox' (GS) analyst, Brant Thompson, piled on today with an upgrade. His new price target is $290.00. Previous price target was $260.00. He also boosted eps estimates.
A real shame when a LEH(man) beats a Goldie Lox type to the punch, isn't it?
Where is that fool who said it would not make a new all time high in 24 trading sessions?
Of course what matters is where is it on September 15th. I guess this mother must have a beta in excess of 1 as best I can tell.
The boys and girls will recall that I took off the 235 point credit covered put at 232.25 debit, then I took off a 227 point credit covered put at a $400 loss on 3,000 shares---a moral victory even if not a financial one.
Today I just sat here and watched the damn thing scream up again, but no tree grows forever.
Will they ring a bell when it's about to correct?
I doubt it. No one likes to say SELL these days until it's too late.
Glad LEHman beat Goldie Lox to the punch, though!
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