Fast Money told everyone not to buy RIMM.....
Cramer told everyone as part of his "genius next week PLAN not to buy RIMM.....before earning"
JP MORGAN analyst told everyone that RIMM will go down even if they meet HIGH EXPECTATIONS......
Stockcharts.com technicals were predicting $140 as price target.......
Guess what........
Paris Hilton is a changed person.......
Paris is calling RIMM'S earning "HOT"
RIMM "beats the PANTS out of SHORTS,Cramer,Bolling,Najarian,JP Morgan and their brother-in-LAWS"
I wonder if they will APOLOGIZE and have a "yellow sticky on their FOREHEAD & few other well known places"
So how "great was RIMM'S earnings"......it is better than great !!!!!
Now for all those "drooling buyers of male version of Barbie phones".....ballyhoed as iphone with invisible everything with glass TOP"......do not use with sticky fingers or while driving...because ...you cannot see anything.....on shiny GLASS when sun is out *******
Back to RIMM'S numbers .......
Sales Q1 $1.08 Billion UP 77% YOY....beats expectations by $300 million
EPS Q1 $1.17..............UP 74.6% YOY...beats expectations by 11 cents
Guidance is also way better than expectations.......
Sales Q2 $ 1.30 to $1.37 Billion vs CONSENSUS of $1.11 billion HIGHER by $260 Million
EPS Q2 $1.37 to $1.49 per share vs CONSENSUS of $1.12 per share HIGHER by 37 cents
The above guidance is the best I have ever seen for any company which has $1 Billion + sales in a quarter..........
Please keep in mind that RIMM has 186 million shares outstanding......
RIMM shares are UP $28++ in AH @ 6.20PM
For the record..... I had 33% of Investment$ invested in RIMM shares.......
RIMM is splitting its stock 3 for 1 payable on Aug 20th....record date is Aug 17th*****
SNDK went to new recent trading HIGH of $49.18......
STP went to new recent trading HIGH of $37.05......
SNDA went new 52 wk HIGH of $31......
FDRY creeping UP to breakout point of $17.22......
BIDU marching along to new HIGH.
FSLR to new HIGH.
TSL was STRONG.
SOHU was STRONG.
LVS came to LIFE.
NTRI STRONG.
SNE is getting close to support.
AAPL TOPPY ...........
Markets should be strong on friday.......
Please do your own due diligence.
BLOG does not give buy or sell.
Next report on friday @ 11 AM.
Saleem
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