Wednesday, September 14, 2011

RIMM - An Earnings Play?

Tomorrow after the close, RIMM reports. As you know, sometimes we catch leaks with 3C, not how their earnings will be, but what the reaction in price will be as they can often be two different things entirely.

A member and I have been watching RIMM and we will watch tomorrow for a possible earnings play (long). So far here are some of the charts that seem like RIMM s being accumulated for an event while TECH was largely distributed today.


RIMM 5 min under accumulation in a flat range.

A big triangle under accumulation on a 15 min chart.

If this keeps up tomorrow, then RIMM may very well be an earnings trade.

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