Research in Motion (NASDAQ: RIMM) closed at $104.30 Thursday.
RIMM will report Q3 EPS on December 20, 2007. Smith Barney says: "RIMM continues to be our top North American handset pick." International CES will be held January 7-10 in Las Vegas. RIMM December 103 straddle is priced at $12.35. RIMM January option implied volatility of 78 is above its 26-week average of 53 according to Track Data, suggesting larger risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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Reader Comments (Page 1 of 1)
12-14-2007 @ 3:57PM
Ralph Selvaggi said...
RIMM is just a good company based on a solid product and a good stock to boot. This latest downturn caused by overcautious analysts has produced a buying opportunity going into the quarter earnings. I would say RIMM and AAPL are pretty solid bets at least into Feb 08 and depending on overseas contracts with Russia, India and China, maybe into 2009.
12-15-2007 @ 2:45PM
Diane said...
Research in Motion (RIMM) looks good to me!!. Look at Friday. It was up 2% when everything else went down.
I think they blow it away on earnings Thursday.
The Blackberry in China!! It's a No-Brainer
12-15-2007 @ 7:11PM
Tim said...
RIMM is a great buy right now. The stock was up 2% on Dec. 14 when all the other players were
down and the market had fallen again.
RIMM is a bright spot even in this market.
It's Cheap!