Yes, we sold a bunch of RIMM today and I am not going to be inconsistent on my blog. I must thus inform you that I remove my fictional long in RIMM. It’s something to do with an ageing consumer portfolio; at high multiples things have to be pretty perfect, super-duper DCF or not. I think the stock will make money in the next 12 months but I fear in the near term I will be wrong, estimates will come down and those multiples contract.
This inconstancy would appear embarrassing to normal people, however it is in fact the mark of an investing genius, I assure you. Certainly Spinoza would not persist in error.
However I maintain my AAPL short! Replace my RIMMs with Nokias. 2x short AAPL 2x long Nokia.