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Bearish Action in Research in Motion (RIMM) Weeklies as Shares Extend Slide
By: Wall Street Pit
Posted on June 04, 2012 at 14:42 PM EDT
RIMM – Research in Motion, Ltd. – The struggling mobile phone maker’s shares are in the single-digits today, down 5.75% this afternoon to $9.67, trading at their lowest level in nearly a decade. Put buying and call selling in the weekly options suggests there is further pain ahead for RIMM shareholders. Traders positioning to profit [...]
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