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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Salt'n'Peppa	8/17/2010 10:16:14 AM
	1 Recommendation Read Replies (1) of 206326

Options idea. Look at the 18Dec $47.50 puts for RIMM and/or the 18Dec $48 puts for RIM (TSX). RIMM premiums are $4.55 and RIM premiums are $3.80. Disclosure: I wrote 10 each this morning and yesterday afternoon on the Canadian side. Premiums are crazy high due to all the media kerfuffle surrounding the Blackberry in India. RIM will get it sorted out and the stock will go back up. Analysts are saying this sell-off in RIM is way overdone and that the company is growing at 30% per year. IMHO, RIM should not be in the $47-$48 range four months from now. More likely it will be back in the $70's where it belongs. Worth a look. S&P

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