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10 pts

Opinion on  Research in Motion Ltd (RIMM)     Sector: Technology  >  Industry: Communications Equipment
Short term stumble

Jun 27, 2008 05:16 PM UTC
Return Risk
+2.94% LOW
Jr. Analyst

While I like RIMM in the long term, this recent earnings report was pessimistic enough for investors to take money off the table and beat the stock up a bit until it becomes undervalued.  Further, current market fears surrounding rising oil prices and rising inflation will magnify the effect.  Short it now, buy back around $100 and then go long around the same price.

RIMM:  This call was made on 06/27/08 @ $119.12
Rating:   Negative   $119.12 (06/27/08)
Closed:   06/27/2008 @ $118.93 (+0.16% in 0 minute)
Target:   $100.00 (-16.05%) in One month


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Aaron Day previously rated RIMM
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