RIMM Disappoints

Thursday, September 25, 2008

Research In Motion disappointed the market after the close today trading down 20% after hours to new 52-week lows. As RIMM was the first technology giant to report in this coming earnings season, it will likely weigh on the market. The market's absorption of this news will be an important indicator of market health. Google looks to be setting up for a significant short trade opportunity. RIMM earnings may help trigger this trade through 52-week lows in the coming days.


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