BlackBerry maker Research In Motion (RIMM) reports earnings Thursday after the bell. That leaves you one day to make your move. How should you play it?
CNBC Silicon Valley Bureau Chief Jim Goldman joins the conversation. Following is a synopsis of his main points.
Most analysts are expecting to hear pretty good news from RIMM. Look for a beat and raise quarter he says.
And if RIMM does beat, you could see a significant move to the upside adds Goldman. The big things to watch are new subscriptions and handset sales.
Also there is some chatter about RIMM restating earnings, however, if they did it would be a bit of a surprise, says Goldman. And, of course, the wildcard out there is Apple and the iPhone.
Jeff Macke recommends buying RIMM with a stop at about $95.
Dylan Ratigan explains that Chief Market Technician Carter Worth provided some technical analysis on this stock. Trend lines suggest to Worth that RIMM stock could gap lower.
For an indepth analysis of the chart please watch the video.