RIMM reported its 4th qtr earnings and the after hours action is positive, up 3.75. The stock has move from around 104 ten days ago to its 121 quote just before 5pm EST.
Pretty sad, when you're missing these types of moves.
The S&P tested the 1360 support level and held as its the most recent high on a ten day chart. If the buyers have the firepower, it looks like they want to take out that 1400 level depending on the Jobs report on Friday. What I'm hoping for is a sick job report that crushes these up moves; otherwise, 1400 is a foregone conclusion and I'll look at massive losses.
I don't expect much action Thursday even with the RIMM move. I'm thinking the S&P stalls around 1380 for tomorrow. But then again, its been a bad two days for you, so until you are right, you are dead wrong and paying for it.
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