re: RIMM Weakness

sspencerReading the Tape, Steven Spencer (Steve's) BlogsLeave a Comment

RIMM showing weakness in the pre market.  probably due to the WSJ article talking about people overestimating growth and underestimating risk in the consumer market.  I have covered the majority of my overnight short position as it has failed to hold an offer below 139.  Will look for resistance at 140.50 level after the market opens for a safe entry point on the short side.  Earnings after the close will be a factor in stock movement today as well.

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