Thursday, September 16, 2010

RIMM

To add to this, RIMM's short interest was 31.1 milljon shares on August 31 (this is 2x more than on August 15). This means that more and more people are betting on RIMM's price fall. The company reports Q2 results today after the market close. Consensus expects EPS $1.36 and revenues of $4.48 billion. If the results exceed analyst's expectations we may see a short squeeze - people will liquidate their short positions, which means that the stock price will climb. If not, we may see a decline.

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