RIMM halted why?
- Thread starter hajimow
- Start date
I was thinking 5th grade, but I don't recall a PHD program back then. Things sure have changed. Guess I need to read a book.
Now the funny part, I've kept a small position in RIMM and every day, I think I need to just move on, then think, what the hell, let's see where it goes.
I'm even more glad it's a small position as I take my deserved and expected punishment. 
Quote from Landis82:
I hope that you have nothing to do with trading the stock market.
To not have a clue that RIMM's earnings were out today after the close borders on total incompetence.
Hit the books.
Stay in school and make your Parents PROUD!
lol, for $1000 we can have this post expunged.
what i'm pissed off about is why they decided to release this news completely out of the blue, this stuff should be saved till earnings releases when people can prepare for a sudden shift in prices via options or exiting positions, that way gamblers can takeover the positions. i never heard they were gonna release any outlook on earnings. its enough that i have to worry about earnings releases on every positions now i have to monitor potential conference calls too.
i'm pissed that i got caught in this downturn, thankfully my position is small but still a way larger loss than i normally allow. stupid idiots should have kept their mouth shut, the stock was showing signs of recovery from the earningsrelease, you don't relase one bomb after another to keep it in continous freefall. all longs will be hurt so bad even the believers will bail and there will be no one left to support the stock.
and this by the way was not an earnings release as someone mentioned, earnings were released a few weeks ago.
i'm pissed that i got caught in this downturn, thankfully my position is small but still a way larger loss than i normally allow. stupid idiots should have kept their mouth shut, the stock was showing signs of recovery from the earningsrelease, you don't relase one bomb after another to keep it in continous freefall. all longs will be hurt so bad even the believers will bail and there will be no one left to support the stock.
and this by the way was not an earnings release as someone mentioned, earnings were released a few weeks ago.
Quote from Landis82:
I hope that you have nothing to do with trading the stock market.
To not have a clue that RIMM's earnings were out today after the close borders on total incompetence.
Hit the books.
Stay in school and make your Parents PROUD!
In defense of "hajimow":
http://www.rim.com/investors/events/
Earnings are not until June 16th, this was a "pre-earnings" warning they gave in AFTER-HOURS, the stock was halted, and then opened down 5 points on the next print.
It's just another example of how a stock is manipulated after the market is closed.
You're absolutely right, and I completely agree. Firms should not be allowed to report any "pre-earnings" after market. It's just another way to force out stops, or to squeeze the shorts, in case of good news.
Fortunately, RIMM is still a favored momentum stock, it has over $2 billion in cash, a low p/e, and ZERO debt, so the gap will probably fill, eventually.