RIMM Gaps, Stock Free Falls

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 aÂ 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.

More on this topic (What's this?)

Research in Motion (RIMM) - No Party Today (Fund my Mutual Fund, 10/20/08)

RIMM - the cheapest growth stock ? (Bapcha's Stocks., 10/1/08)

Research in Motion (RIMM) Dissapoints on Guidance and Misses on Current Quarter (Fund my Mutual Fund, 9/25/08)

Read more on Research in Motion at Wikinvest

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