{"id":5197,"date":"2011-05-29T12:05:01","date_gmt":"2011-05-29T16:05:01","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=5197"},"modified":"2011-05-29T12:05:01","modified_gmt":"2011-05-29T16:05:01","slug":"rimm-downward-momentum-slows","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/05\/29\/rimm-downward-momentum-slows\/","title":{"rendered":"RIMM&#8217;s Downward Momentum Finally Slows As Earnings Approach"},"content":{"rendered":"<p><strong>(This is an excerpt from an article I published on Seeking Alpha. <a href=\"http:\/\/seekingalpha.com\/article\/272358-rimm-s-downward-momentum-finally-slows-as-earnings-come-into-view\">Click here to read the entire piece<\/a>.)<\/strong><\/p>\n<p>Research In Motion (RIMM) has been trapped in a steep decline since hitting 9-month highs in February. The downward momentum finally came to a halt after the stock retested 52-week lows on May 16th. <\/p>\n<p>{snip}<\/p>\n<p><center><figure id=\"attachment_5198\" aria-describedby=\"caption-attachment-5198\" style=\"width: 515px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/05\/110527_RIMM.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/05\/110527_RIMM.jpg\" alt=\"RIMM&#039;s downward momentum finally slows. Can it hold on until earnings June 16th?\" title=\"RIMM&#039;s downward momentum finally slows. Can it hold on until earnings June 16th?\" width=\"525\" height=\"458\" class=\"size-full wp-image-5198\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/05\/110527_RIMM.jpg 525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/05\/110527_RIMM-300x261.jpg 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><figcaption id=\"caption-attachment-5198\" class=\"wp-caption-text\">RIMM's downward momentum finally slows. Can it hold on until earnings June 16th?<\/figcaption><\/figure><br \/>\n*<a href=\"http:\/\/www.worden.com\/CURRENTAFPROMO.aspx?AFCODE=866\"><strong>Chart created using TeleChart<\/strong><\/a><br \/>\n<\/center><\/p>\n<p>I earlier suggested that <a href=\"http:\/\/seekingalpha.com\/article\/269515-without-the-support-of-share-buybacks-research-in-motion-approaches-2-year-lows\">RIMM&#8217;s inability to get back into the market to buy back stock is a major negative<\/a> given it appears this buying has provided a significant prop to prices over the period of the last two repurchase programs. At some point soon, I imagine the market may start to anticipate yet another repurchase program immediately after RIMM is able to get back into the market in July.<\/p>\n<p>{snip}<\/p>\n<p>Be careful out there!<\/p>\n<p><strong>(This is an excerpt from an article I published on Seeking Alpha. <a href=\"http:\/\/seekingalpha.com\/article\/272358-rimm-s-downward-momentum-finally-slows-as-earnings-come-into-view\">Click here to read the entire piece<\/a>.)<\/strong><\/p>\n<p>Full disclosure: long RIMM shares, long RIMM put<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Research In Motion (RIMM) has been trapped in a steep decline since hitting 9-month highs in February. The downward momentum finally came to a halt after the stock retested 52-week lows on May 16th. {snip} *Chart &#8230; <a title=\"RIMM&#8217;s Downward Momentum Finally Slows As Earnings Approach\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/05\/29\/rimm-downward-momentum-slows\/\">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-5197","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":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RIMM&#039;s Downward Momentum Finally Slows As Earnings Approach - 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\/29\/rimm-downward-momentum-slows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RIMM&#039;s Downward Momentum Finally Slows As Earnings Approach - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Research In Motion (RIMM) has been trapped in a steep decline since hitting 9-month highs in February. The downward momentum finally came to a halt after the stock retested 52-week lows on May 16th. {snip} *Chart ... 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