rimm

Quote from Rugby:

I think the the expectations were too high as the esteemed chartist Michael Scott noted last week....

apparently, people were looking for GOOG look blowout. There are some issues that might be behind this. If you do not yet have a RIM device I think they will be getting cheaper....

http://articles.moneycentral.msn.com/Investing/StreetPatrol/ToughTimesAheadForBlackBerryMaker.aspx
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Excellent article. If you're long you should be shall we say a wee bit concerned? It will also be interesting to see how investors will treat their increase in administrative expenses due to legal and other costs incurred in connection with their voluntary internal review undertaken by the company of its stock option granting practices. The increase did cut into their earnings quite a bit.
 
Not that big of a deal..only down 7 points of so. The bar was set too high. The accounting issue wont materialize into anything too serious.

Will rebound later. Not the first time seen this happen.
 
Quote from stock_trad3r:

Not that big of a deal..only down 7 points of so. The bar was set too high. The accounting issue wont materialize into anything too serious.

Will rebound later. Not the first time seen this happen.
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Uhh, $11 lower. $134.67 ask
 
Quote from stock_trad3r:

Not that big of a deal..only down 7 points of so. The bar was set too high. The accounting issue wont materialize into anything too serious.

Will rebound later. Not the first time seen this happen.
More...

I surely hope you jest...

the last time RIMM gapped down like this was followed by many further weeks of downward movement.. go to late Sept 06.

You're amazing in how you make every event fit what you want to believe.

Gaps this big rarely get filled quickly
 
it is down $11. RTQ from etrade

Maybe it will fall much more. Maybe it wont. I suspect the later given that there is a lot of support in the 135-128 range.

Since I'm a long term RiMM holder I would use today as an opportunity to buy more (if I could)

So go ahead and short it now. maybe you will eke out a 1-3$ point gain and then when it rebounds you'll have to cover after the realization that perhaps RIMM was oversold and the earnings bar was set too high.
 
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