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OT: Update on RIMM

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Aug 20, 2007 3:47 pm

"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?

Aug 20, 2007 9:25 pm

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?

Aug 20, 2007 10:59 pm

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!