Research In Motion (RIMM) offers the better trade for shorts post-earnings, and regardless of its after-hours direction tonight, we’d be more inclined to follow the downside momentum (even on an up move).
In the data we’ve collected over seven years, RIMM has seen earnings-driven after-hours declines following 15 quarterly reports. Of those trades, the stock recorded a deeper move into the red in the following day’s regular session in 10 events, or 67% of the time. In the
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