{"id":4955,"date":"2011-05-12T09:20:25","date_gmt":"2011-05-12T13:20:25","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=4955"},"modified":"2011-05-12T09:20:25","modified_gmt":"2011-05-12T13:20:25","slug":"without-buyback-rim-2-year-lows","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/05\/12\/without-buyback-rim-2-year-lows\/","title":{"rendered":"Without Buyback Support, RIM Approaches Two-Year Lows"},"content":{"rendered":"

(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

In my last piece on Research In Motion (RIMM)<\/a>, I described the details from the company’s conference call warning on this quarter’s earnings…RIMM barely paused to take in the scenery at the October lows. The stock is now quickly headed for a retest of the 2010 lows and likely on its way to making fresh two-year lows.<\/p>\n


\n
\"RIMM<\/a>
RIMM continues to plunge<\/figcaption><\/figure>
\n*Chart created using TeleChart:<\/strong> <\/a>
\n<\/center>
\n<\/p>\n

It is now clear that RIMM’s inability to get back into the market to buy back more stock has removed a critical prop and support to the stock’s ability to remain aloft. As a reminder, RIMM cannot go back into the market until July<\/a>…<\/p>\n

(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Be careful out there!<\/p>\n

Full disclosure: net short RIMM<\/p>\n","protected":false},"excerpt":{"rendered":"

(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) In my last piece on Research In Motion (RIMM), I described the details from the company’s conference call warning on this quarter’s earnings…RIMM barely paused to take in the scenery at the October lows. The stock … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[219,511,62],"tags":[253,252,1597],"class_list":["post-4955","post","type-post","status-publish","format-standard","hentry","category-high-tech","category-support","category-technical-analysis","tag-research-in-motion","tag-rimm","tag-technical-analysis"],"yoast_head":"\nWithout Buyback Support, RIM Approaches Two-Year Lows - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/05\/12\/without-buyback-rim-2-year-lows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Without Buyback Support, RIM Approaches Two-Year Lows - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I published on Seeking Alpha. 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