Update on Research In Motion (RIMM)

Yesterday we started analyzing a potential trade in RIMM to the long side, see the blog entry here: http://steadytrader.wpengine.com/research-in-motion-rimm-looking-at-gap-fill/ After hours yesterday RIMM came out with a fairly smelly profit warning for the current quarter, bringing the per share profit estimates down to between 1.30 – 1.37 from the previous estimates of 1.47-1.55.  That's about a […]