Sunday, May 01, 2011

Research in Motion (NASDAQ:RIMM): The bounce that wasn't

The shock factor of RIM's guide-down pretty much outweighed the catalyst trade on Friday. All we got was a 1.5-2 pt squeeze at around open that did little else than bring in additional sellers.

I would have preferred a flush toward the $47+ level around open, followed by a nice 2-3 pt bounce throughout the day.

Sometimes it's all about the trading dynamics.

Sorry to be boring you with this on a Sunday.

No comments: