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To: pater tenebrarum who wrote (64708)2/5/2001 12:00:35 PM
From: KeepItSimple  Read Replies (2) | Respond to of 436258
 
No, they're making pagers designed mainly to trade stocks. All these clowns see the RIMM logo situated 1/4 inch away from their tiny trading screen, so obviously the power of suggestion is strong enough to afford a 1500:1 PE- currently the highest of any nasdaq stock.

Their business is not actually making pagers, but rather making stock certificates.

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i concur...they're making pagers, right? as far as i can tell, that's an obsolescent product...



To: pater tenebrarum who wrote (64708)2/5/2001 12:00:44 PM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
you think they can hold this pig together till after the G7 meeting and feb option expir?



To: pater tenebrarum who wrote (64708)2/5/2001 5:42:39 PM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
Ya gotta like the name though. Research In Motion. Quite nice. What the hell does that have to do with email pagers anyway?

Maybe the fancy name is what keeps this jewel afloat. Perhaps Canadians never sell and the funds here have already unloaded all they have. I can tell you it is one hell of a frustrating stock.

Sold my VRSN WEBM EMLX PMCS and sigh (only 3/4 RIMM) Puts on this mornings gap down.

Correctly held and added to EMC puts, bought back 1/4 of VRSN puts at a steep discount (but a tad premature), and 1/2 my WEBM puts at a nice discount as well.

I forgot to sell my CIEN puts when it hit 80.
I am way way less heavy in PUTs as of now. I was at an unbelievable 50% put position heading into this morning.
My biggest positions were RIMM and VRSN so if I did not lighten up I would have had a bad day instead of a very good day.

Not sure what my PUT position is now but I am quite sure it is more like 30% or less, perhaps 25%, still damn heavy.

M