RIMM Job

  • Looks like Research In Motion (symbol:RIMM) is also feeling the slower economy. It was down as much as 15% in after hours on a miss and a warning. The weakness will probably spread to Apple (symbol:AAPL) as their have been rumors recently that iPhone sales have slowed as well.
  • I believe corporate profit estimates are still too high. Today's warnings from GE and RIMM are the tip of the iceberg.
  • If the bailout package produces a rally I believe it should be sold into.
  • Have a good night.

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