Rochester,NY 6/26/2009 12:46:42 AM
'Fast Money' Portfolios of the Week'
Research In Motion Ltd
Morning Mover-RIMM-'Fast Money' Portfolios of the Week'- Sourced WhisperFromWallStreet.com
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Research In Motion Ltd.RIMM
After Hours: 69.79 Down 1.19 (1.68%) 1:13pm ET
The traders of CNBC's "Fast Money" have been warning investors recently about the strong possibility of a correction in the stock market. Guy Adami, for instance, has been pounding the desk for days about warning signs that he's considered very bearish. He told viewers on a number of occasions that the path of least resistance appears to be lower. He was especially concerned about the fact that the S&P 500 has traded up to the 200-day moving average, a key technical level, a couple of times and failed.
on Najarian has mentioned he is looking for a 5% to 10% correction in the markets. Joe Terranvoa thinks the weak-dollar trade is making a comeback and the resource names could benefit. He also told viewers he bought some Research In Motion(RIMM Quote) on Tuesday because he feels a sector rotation into tech is making a comeback. Tim Seymour said that if the S&P 500 drops to 850, it will mark a 10% correction. However, he thinks the market is stuck in a range and he doesn't see more downside from current levels.
About
Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. The company?s products include BlackBerry smartphones and accessories, including bundles, cases, audio and memory products, Bluetooth, chargers, batteries and doors, and card readers; SureType, a keyboard technology, which allows users to compose messages using single-handed operation or two-handed thumb-typing; and SurePress, a touch screen that helps in navigation and typing. Its products provide access to time-sensitive information, including email, phone, short messaging service, and Internet and intranet-based applications
Last Trade: 69.78
Day's Range: 69.23 - 70.58
52wk Range: 35.05 - 142.40
Volume: 10,933,660
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