Friday, 5 September 2014

Short term long with BBRY

I decided to take some contracts for a long call with BBRY with the cash position I had. Expiry date is set for October 10th with the strike price at $10. I took 33 contracts as I strongly believe that they will slowly go up enough by then to make this into a profit for me. Their base fundamentals are now better than touted by the media, which suggests that there is some nice information arbitrage due to the stubbornness of US media. I mean...their fundamentals are posted on several sites already including BBRY's own website. I'm betting about 25% of my portfolio on this as I think it's a strong buy.

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