Thursday, December 20, 2012

Update on RIMM After-Hours Down Over -10%

In the last RIMM post I suggested to use the +8% after-hours move to your advantage if you have a long trade,

"If you have a long position in RIMM (I do like the idea of keeping at least half and trying to add half back on a pullback), I would consider using this AH strength to maybe take some profits. 

A warning or a reduction in guidance is what earnings are really all about, not what you did, but what the Street's sentiment is toward what you will do next."

Currently RIMM is trading down in after-hours -10.41% 

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