yahoo earnings calendar does not give exact time that the news hits the wires.....is it 4pm or 4:30pm? Conference call is at 5pm
Sometime after 4pm and before 5pm, if they miss or guide lower expect another break to new lows on the DOW. Up to RIMM to keep the markets moving in my opinion.
they missed the mean estimate of 85 cents by a penny the stock will rebound though good buying opportunity
RIMM needs a selloff. I dont know how long they can keep earnings strong, I would be a seller, Target on RIMM $75-$85.
the second the news hit the wires, would it have been possible to short RIMM above 140? or are the bids just pulled way too fast?