Shares of RIMM took a major hit today, closing down 18.99% a share. This came in the wake of a highly disappointing August quarter financial report after the close on Thursday. RIMM reported disappointing sales, profits short of estimates, and weaker-than-expected sales of both BlackBerry smartphones and Playbook tablets.
However, MarketClub members have been short this market since March.
The trend is your friend, and so are MarketClub’s “Trade Triangles.”
Jeremy Lutz and The MarketClub Team
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