I am really happy that he hand his firm are now manging the $150 million Blackberry Fund . I am fired up to figure out an app/service that they will fund. Rick told me to go hiking up a mountain, smell some flowers and come back down the mountain with an idea. I will likely just go to RICK’s.

BUT, I know there are people in this community that have ideas and I am happy to make the intro to Rick, one of the coolest guys in the business.

So send me your ideas, apps and services or send them directly to Rick Segal at JLA Ventures.

Obviously I want it higher as I am long.

I don’t think the move will mean that much in the medium-term, but RIMM may push it one way or another. The number does not matter as much as the guidance.

Take a guess as to what the opening price will be Friday morning . Closes too gets a copy of MicroTrends. If you already have won one, play anyway. I will sign some underwear and forward them. Many trends inside them as well :) .

For the record, I think the stock closes higher than today’s close. It better.

Today was the first sign of life after it’s 30 percent pullback.

The end of the year is usually quiet. It has not been this year. The shorts have had much ammo, but still we hold.

That’s bullish.

Disclosure- Long RIMM

Any suggestions?

The stores rock and in the end, they could sell shit in a box and the wave will continue (Actually they started that process with Apple TV). Talk to me at 800 stores and we may be closer to a sell.

BUT , they have had it too easy. I mean Vista, Dell, Gateway, Sony (laughable stores using Vista on all the machines)….Apple is acting way arrogant and complacent. The nerds and VC’s of the world were switching and beginning to cave to the Apple lovefest. The iPhone, while on it’s way to greatness, is disgusting with it’s AT&T partnership and laughable web service.

As I mentioned on Friday, a nightmare is brewing with smart, trusting, early adpoters. Techmeme is aglow with the problems . As a tech retard, I am scared to plug in my iPhone. I love going to the Apple stores, but don’t want to go over this. Maybe it’s just a blip, but if it isn’t, Nokia, RIMM and others will have an answer. RIMM already has an answer. I can never imagine a full switch. If they add some smart software for music and a partnership with Amazon or even get bought by Microsoft, the phone war may go easily to RIMM. The market is already calling it a two horse race with RIMM and Apple.

I am hoping for a 30-40 percent selloff already. It’s overdue. Maybe Job’s would like one so he can backdate some more options.

When that selloff comes again, remember the mantra …800 stores, the best retailer ever.

In the meantime, this continues to be the best of times for RIMM, the only absolute freaking purebread in the phone/email handheld business. Congrats to them.

Disclosure- Long Apple and Amazon…should be long Nokia and RIMM

It remains about addiction with RIMM. It is hard to justify new positions in the stock unless you are prepared for volatility and can manage positions.

It is not undiscovered, but definately hard to value. If it wasn’t, analysts could figure out the growth.

With any game changer, valuation has been elusive. To argue for or against is futile. If you are long, enjoy the run and kudos to you.

I sold too early and never bought it back.

Brian reminds us why all-time highs are the breeding growund of big winners:

Disclosure – No positions

I took many pictures but am way to slow to flick/twit/press/post, so check out what Henry Blodget had to say .

I was shunned for poor performance and woman were well represented and fast. Many devices were used.

Some of the tasks asked were quite difficult and I would have failed miserably. Did not know you could do more than email and watch porn on these damn devices.

Interesting that Blackberry had an outage on a Friday. On a Tuesday, the stock would have been down 10 points.

Maybe they are just testing us before they levy an email tax of 1 cent an email. I send 100-200 a day so I would probably pay the 60 bucks extra/month if I had to.

I think 90 percent of Blackberry users would eat the tax because there is no real competitive solution.

It would prove that there is some pricing power in tech and communication if you solve a problem.

This is stage one of the new war . Three years from now, most American kids will have one.

Someone needs to be creative and very bold with acquisitions to disrupt them. I would kill to be in the Google and RIMM war room. The bankers of the world are not smart enough and none of the fat cat tech CEO’s seem to care. They think they can compete. Meanwhile Apple opens more stores and cuts small deals with the likes of Starbucks…not revolutionary but another stake in the ground.

Take a look at all the meme’s and tech blogs. Apple owns it. The TV campaign is simple and fun because the products are simple and fun.

Google is happy to share the pie with Apple if they have to. Theoretically they need to be careful because as they make acquisitions, Apple controls the hardware that could theoretically change the software and search landscape five years out. Apple has no people integration issues because they buy no one!

He who makes a move for RIMM will be overpaying, but smart. Traders know it and that’s why RIMM won’t go down until someone steps up. If you are short RIMM, you are gagging on that thought. P/E – SHMEE/E

Awesome war shaping up at home and abroad in tech. It’s fun.

UPDATE – Just to be safe and temper my always rosy look for Apple, this is what the grumpy nerds are saying about the Apple product news today . It’s important to know what the non cheerleaders think, because like Dave they can be very smart if you can get around the grumpiness.

Actually…a lot. Forget that.

Still, you have to marvel at RIMM. It’s extremely bullish, as is the action in all my faves…SYNA, NUAN, Chipotles, Garmin, Navteq, Baidu, Google, NVDA, Apple etc…

I was at a Diamondbacks’s game tonight and one thing continued to seem clear, it’s pretty freaking expensive and hard to reconcile attending very often. Sports is likely to pay a big price from the hurting consumer if we totally go there, but selling crackleberries…not likely. For home gamers, remember that if the mood gets fully rotten, these stocks above will inevitably suffer smelly toxic declines as well. So far though, it’s all glee. I am not betting against the glee in my winners quite yet.

The good news is everybody at the baseball game was cranking out emails and checking stats on the their web phones. My iPhone was picking up free wi-fi from the reporters section.

Boooooyahhh.