RIMM Trading Down on Earnings
With RIMM trading down nearly 9% in the pre-market after reporting earnings yesterday evening, below we highlight historical quarterly reports for RIMM since late 2001. We have sorted the list by the amount that the stock has gapped at the open on the morning following earnings reports. At -9%, it will be the second biggest down gap for the stock since 2001. The stock's biggest down gap was -11.65% after its 4/9/02 report. When RIMM has gapped down by 2% or more on earnings, it has gone up from the open to the close 4 times and gone down 6 times. One week later from the open, the stock has averaged a gain of 0.87%. Based on this analysis, investors wanting to buy RIMM at these prices might want to wait until the end of the day.
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Posted by: jay | June 26, 2008 at 10:04 AM
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http://www.merriam-webster.com/cgi-bin/mwwodarch.pl?Jun.26.2008
Posted by: tradeking13 | June 26, 2008 at 10:39 AM