I support BBRY and I buy shares !
Before today I predicted $18 at ER and then it shooting up to $25 after ER. After today, I expect $21 before ER and then it may possibly crash to $17 after ER as much as it could hit $30.
If everyone thinks it's going to suck, then there's a high chance it will outperform at ER (until yesterday) but now that people are buying in on high hopes, the chance of it crashing at ER goes up. Good trading/investing is about staying just ahead of the general public consensus. That's where the money is made most efficiently.
My plan right now is to let it build before ER and then sell half of my portfolio the end of business day before ER announcement.
Then I will decide whether to put the money back in right after ER is over.
For my short term portfolio (read: 100% options) this is critical timing. For my long term portfolio (100% stocks) it's not as crucial because I expect at least $50 at the end of 2013. (I've got a crap ton of january $35 strike calls)
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