If you’re long $RIMM, I’m sorry. The stock’s been in a downtrend for years now and the earnings estimates have gone lower every quarter. And please don’t recite that “70 million users” statistic like that’s really going to be the number 90 days out or 180 days out. Users are switching as soon as their contracts end to anything but BlackBerry.
I was one of the Fast Money traders today on CNBC, we opened the show with a look at what might happen here. As you’ll see, I predict pain before anything good can happen. I have no position short or long.