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Shares of Research in Motion
RIMM have fallen 2.42% to $45.59 during Monday's trading session despite a rally of more than 1% in the broader NASDAQ market.
The company reported much better than expected earnings results last week, but has not been able to move appreciably higher as a result. RIMM looks to be a very wounded stock. If there was going to be a significant upside catalyst, it was going to be earnings.
Traders should consider shorting RIMM on account of the weakness in the stock and the very real questions about the viability of the company's long term business plan.
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