Briefly, RIMM blew out expectations today with 2.9B in revenues and an adjusted net loss narrowed to .27/share. Expectations were for .47/share loss on 2.45B in revenues. Blackberry sales were stronger than expected and the company added 100M in net cash.
The shorts are getting crushed with the stock up as much as 20% in after hours trading, and yet, through it all, the sentiment is still largely negative as pundits decree: Not Much Hope in RIM Bounce Long-Term.
I am encouraged by all of the above, as long as the talking heads keep up the negativity I expect RIM to keep them guessing.
Disclosure: Long RIM