RIMMberrr II - The Playbook Strikes Back

Tyler Durden's picture

Like any good sequel, RIMM's earnings tonight did not disappoint (those looking for a disaster flick). Expectations were high (low), but we all suspected that it might not quite live up to the pre-quel, same actors and three months later. Well the reviews are in and RIMMberrr II is a winner (major loser) -18.5% (beating - to the downside - the measly -14.5% initial reaction in the prior release).

EPIC headlines include:



*RESEARCH IN MOTION 2Q REV. $4.17B, EST. $4.47B         :RIM CN




and the real winners are (drum roll please)...though we note some have been lightening up:

Chart: Bloomberg

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Biggvs's picture

Line 13 = Kweku Adoboli. UBS would never make such a mistake. :p

spiral_eyes's picture

Cramer will be telling you all to BTFD in RIMM soon... if he isn't already.

The Cash Flow is King's picture

The chart looks like the mona lisa smiling. 



mynhair's picture

Are the green ones those holding shorts?

max2205's picture

NFLX is the new RIMM

virgilcaine's picture


Waterfallsparkles's picture

It was just 2 years ago that you could not short that stock as it always burn shorts.  Amazing that it has come full circle.  It appears that so many people got burnt that they would not short the stock.  Hence, no one wants to own it or short it.

I tried to short it a few times, never got burnt but got out by the skin of my teeth.  Never shorted it again and stayed away. Lesson learned, yet when shorts went away, anyone that eventually did short it made mega bucks.

Almost Solvent's picture

Makes you wonder "who" knows when to hold 'em and when to fold 'em

JB's picture

Should have cut a deal with Google...

jdelano's picture

Should ditch chasing apple and focus on becoming the most secure (encrypted) data/voice phone in the market. Untappable. Then they could corner a niche in the market selling phones to the pentagon, the fed, raj, and Goldman. I know, I'm like effin steve jobs up in dis bitch.

adr's picture

Obama will just give every college kid a free Blackberry as a present for being enslaved to the government when they take out $120k in student loans to end up with a job at McSlaveyD's.


Pool Shark's picture



Nah, one Black-Barry is enough...

oops; forgot. Barry's only half-black...


TheLooza's picture

I caught a massive piece of the NFLX downside action today.  so many more zeros and ones in my ameritrade acct than just 24 hours ago.  this could be a 3 hooker night for me, not gonna lie.



falun bong's picture

There's a whole category called KAG: Killed by Apple and Google. Plenty of choice names.

Caviar Emptor's picture

Netflix tanking too

Market Efficiency Romantic's picture

What a great world. If your boss expects you at 7 tomorrow, tell him, it will be 11 as you have to cope with the world and if you appear at 10, he will cheer, promote you and give you a bonus.

Well. ok, if you show up at 11.05, you are seriously fucked! Four hours and five minutes late, whoe cares, what you had to face in the world.

Let them eat iPads's picture

Getting Rimmed ain't what it used to be.

caerus's picture

rimm puts...check

alien-IQ's picture

NFLX was the put of the week.

Anybody who grabbed some 180 puts yesterday is looking at a very very sweet 15,785% gain today.

That's an absolutely monster move. $2500 yesterday would have gotten you almost 400k today.

I gotta go puke now....

caerus's picture

sold my sep nflx puts yesterday thought I was being conservative pissed all day

TheLooza's picture

alien.  im a very active nflx player. no one in their right mind wouldve taken on the weekly Sept. 180 puts yesterday.  I made all kinds of longer dated plays, but it never crossed my wildest imagination yesterday to play that far OTM.  i did, however, go into this morning with

Sept. 200s

Sept 265s

500 shares short

Dec 220s

jan 270s


jan '2103 180s


good day. 3 hooker worthy. not going to retire yet though


alien-IQ's picture

I agree, it would have been a total kamikaze trade to take 180 puts yesterday.

It would have been a hero or zero move with no middle ground.

but still....damn...what a move.

greased up deaf guy's picture

i was looking at the $29s during the day and thought they were pricey ($1.70), considering they were out of the money and expiring tomorrow. $1.70 will look quite cheap tomorrow. d'oh... another lesson learned: ALWAYS buy rimm puts into the earnings call regardless of premium.

ItsDanger's picture

Typically, there will be a premium with earnings coming out.  Common in option pricing.