The shock factor of Research in Motion’s (RIMM) guide-down pretty much outweighed the catalyst trade on Friday. All we got was a 1.5-2 pt squeeze at around open that did little else than bring in additional sellers.
I would have preferred a flush toward the $47+ level around open, followed by a nice 2-3 pt bounce throughout the day.
Sometimes it’s all about the trading dynamics.
Sorry to be boring you with this on a Sunday.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!