RIM Feb 6 update.

Today, after another 725.000 people lose their jobs in North America, obviously a very positive development in new economics, the market is on wheels. , POT and all the usual high beta stocks are participating in the euphoria. RIM has the additional little boost from the option back-dating saga coming to a close with just a few hundred million dollars changing hands, (what ever happened to the good old days – 1820-ties -when children were sent to the gallows for stealing bread in order to feed their families?).

As stated earlier I would be out of this one even if the target has not quite been met. It does have a little more room, probable around $77.

rim feb6