RIMM can easily go up another 20%, or down 50%

RIMM has earnings on Wednesday. This report is KEY to how we're going to play this bear market out here near term. I could be wrong and I'm not playing it at the moment, but I just have this feeling RIMM sells off post earnings. We'll see soon enough, but I will stand on the sidelines on this one, that huge market cap can easily go up another 20%, or down 50% in a heartbeat. RIMM is one of those cult stocks that can go up forever, but when forever is over it's gonna get hammered. Nearly $100 BIL market cap makes it extremely vulnerable to extreme swings. Having said that, they always blow out and keep going higher, so its tough to make a stand with conviction in front of an oncoming freight train! Choo-Choo chugga chugga! KEY report, so stay alert!

Michael "Waxie" Parness