STEVE JOB’S COMMENTS ON APPLE $AAPL CONFERENCE CALL IS A TRIGGER TO SHORT SELL RESEARCH IN MOTION $RIMM
On Apple’s conference call Steve Job stated that over 80% of Fortune 500 companies are running pilots for ultimate enterprise wide deployment of iPhone. This number is much higher than the expectations.
$RIMM has been on our list to short and now we have the trigger event as required by our ZYX Change Method. IN after hours , we scaled in a short on $RIMM at $48.16. We will add to the short position on up spikes . There is no immediate danger of Blackberry losing market share, it will be a slow process. Therefore, we will not overstay our welcome in this trade.
October 18, 2010