Thursday, April 28, 2011

RIMM just got hit in AH Earnings

I believe trade is halted, the last b/a on my chart shows a little better then a 10% decline. I haven't had a chance to look at the report, it'll be interesting to see if there's contracting margins, uh-um, or rather transitory inflation.

While nowhere near as drastic as th last hour signal in GOOG before earnings, the distribution period on these stocks is getting much tighter. Several quarters ago leaks could be seen (in very obvious cases) a week or so ahead of time, now they're coming down to the wire.

Interestingly, RIMM's 5 min chart looks a lot like the market's

Note that tell-tale lateral trade today with declining 3C readings, until the highs this a.m., there was relative confirmation.

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