Yahoo Breakout: RIM Earnings, RIM Shares Tumble, Blackberry Sales Down

1. Rim disaster, betting fortune on Rim
2. 3 warnings on company; kneecapping
3. paid 54 cents for put options, trading 35 bucks, some investors looking at short term trade for out of money options on bet that stock would go down fast
4. Rim lost 20% after earnings announcement, so they made money, how about that?
5. Seemed cheap on a P/E estimate, but keeps going down, bearish bets work
6. Once were the darling of the tech mkt, but evidently not anymore

That, my friends, is how it is done.  You pays your money and you takes your chances.  Their bet paid off because the stock reported bad earnings.  They would have lost if Rim reported a surprise to the upside.