Thursday, February 21, 2008

Surprise from RIMM: Smelling Fish?

Today RIMM said in a press release that they were upping their quarter subscriber forecast, but not the year sales forecast. While this certainly is good news, I am quite sure about how well the momentum can be sustained. RIMM has been beaten up, and it's nice that Jim Balsillie can provide some relief to investors with this news, but with this news are the skies clearing up and are children ready to start playing again in the streets? Not sure, or convinced. Especially with present macro economic catalysts (i.e recession, inflation talks). Anyhow, going to look at some put plays, I think towards the end of the day we'll know if this momentum can be sustained.

--Kevin

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