Comments on: RIMM Earnings Miss, Market Futures Tank

By: Brandon

Brandon — Tue, 01 Jul 2008 14:45:13 +0000

You definitely called this one…

By: Steve

Steve — Fri, 27 Jun 2008 16:30:15 +0000

Hawk,

What indicators on QuoteTracker work well for you for seeing momentum buying and selling?

By: Stock Market Recap, June 26th 2008 | Stock Trading To Go

Stock Market Recap, June 26th 2008 | Stock Trading To Go — Fri, 27 Jun 2008 02:05:28 +0000

[...] well the Dow broke below January lows shedding nearly 360 points, Research in Motion (RIMM) missed earnings guidance and tanked 13%, GM shares plunged to a 53 year low, and Oil closed at a record high [...]

By: hawk

hawk — Thu, 26 Jun 2008 04:28:26 +0000

My God are those TD Ameritrade charts? If you have not heard of QuoteTracker, check it out. Ameritrade charts suck!

By: Bryan

Bryan — Thu, 26 Jun 2008 04:21:36 +0000

Looks like it’s 3.95% of the QQQ according to Y! Finance…

By: Bryan

Bryan — Thu, 26 Jun 2008 04:19:45 +0000

It’ll be interesting to see how the Naz responds tomorrow. 8% down in AH may translate to 10-12% down for the stock tomorrow tomorrow. Isn’t it like 2-3% of the weighting of the Naz? RIMM may be pulling an AAPL and doing the whole “under promise, over deliver” thing with forecasting. Unless we drop into a full-blown recession, which it seems like a lot of people are trying pretty hard to avoid, I don’t see why RIMM shouldn’t keep growing strong.

The earnings miss was negligible, and you have to wonder how recently the earnings were adjusted upwards given the run they’ve had over the past couple months. .39/sh to .84/sh is great growth.

130 has held up pretty well since May, and support at 120 goes back further. I’d be surprised to see the stock stay below $125 for long unless the overall market hits some serious turbulence.