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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (590)1/4/2001 9:41:57 PM
From: Jenna  Respond to of 6445
 
Price target for RIMM ----> $25-30. RIM shares were trading at 1,258 times trailing 12 month EPS and 217 times projected 2002 EPS. When it trades at 200 or 300 times earnings it can be more palatable. I am in RIMM puts and have been much of this week and last week so I am not short in a big way but this one seems an obvious choice for more downside. PVTL was 72 and look at where it is today.