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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36710)	4/10/2002 1:15:12 PM
From: Johnny Canuck	Read Replies (3) \| Respond to of 67962

Visit IDEAadvisor -------------------------------------------------------------------------------- Quick Takes: Research in Motion [RIMM: Nasdaq] $20.97 -- 9:35 AM EDT Research in Motion shares are down 10% after the firm cut Q1 results at Tuesday’s close. The maker of the BlackBerry wireless communication device said losses in Q1 losses will be $0.18-$0.22 per share, wider than its earlier forecast of $0.10-$0.12 per share loss and wider than the $0.15 per share loss analysts were expecting. Revenues for the quarter are estimated to be in the low $70m range, lower than the $75m-$80m the company had expected but ahead of the $67m analysts were looking for. For 2003, Research in Motion expects revenues of $375m-$425m, lower than the $440m analysts estimated. Shares are down 6% in the last 52 weeks. Technical: Research in Motion gapped down on April 10 to test minor support at $20.25. If the support was lost, then we can expect a move down to $17.50. However, we are currently biased for a bounce to $23.37. Risk Tolerance **** (Low risk, ****High risk)