Something has seemed weird to me about the situation with Research In Motion (RIMM). Over the last year I have blogged a couple of times about not buying RIMM because there are plenty of stocks with the potential to double that do not take on the shutdown risk that RIMM takes.

But as the news has unfolded combined with some of the analysis I have heard has lead me to agree that a shutting down of the service seems remote because that would hurt a lot of consumers. I think that the door is now open to a shutdown might mean a low is in place. The only thing worse than a shut down is the visible threat of one.

This is clearly speculative, probably contrarian and not something I am doing for clients. I expect I am just renting the stock. I bought a little personally in extended hours trading last night at $61.20.

Here is the process: A stock a I've watched for a long time partially prices in something bad that I don't think will happen perhaps creating an opportunity. We'll see.