mkhanarian

Research in Motion Rallying Ahead of Earnings

I agree that RIMM is slightly unpredictable into earnings, especially in this kind of market. While there is the possibility that the company misses earnings targets and pulls back, it is much more likely the earnings they announce meet or beat expectations. The strong global exposure and high profit margins explain why RIMM is a popular long for both individual investors as well as the professionals. Not only do the pros own @2-3 Billion worth of RIMM in their funds, but they have been increasing their exposure quarter over quarter. The link below shows how much the top hedge/mutual funds, have been increasing their position.

www.tickerspy.com/spy....