RIMM Gaps, Stock Free Falls
Posted on Fri 22nd Dec, 2006 09:45:45 AM
You actually could probably compare the last 13 minutes of trade (it is 9:43 AM EST) to road runner the cartoon. Shares of Research in Motion (RIMM) opened up all the way at nearly $140, hitting a high today of $140.11, putting the stock up about 5%. And, as if there was a free fall off a cliff, the stock has just tanked all the way back down, and just moments ago hit a fresh low of $133.11, putting the stock in the RED on the day. Has RIMM gone too far too fast, or is the market’sbearishness weighing on the stock as well? You be the judge.
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