Research in Motion in Motion

Blackberry maker Research in Motion (RIMM) reports tonight and it better be good. YTD chart on the left.

I'm not sure where real expectations are for the quarter but the stock has more than doubled since March and consensus estimates are slightly above the midpoint of guidance that RIMM gave when they last reported.

I have written in the past that while RIMM has done a good job closing the gap with iPhone, they haven't leapfrogged them so it's still a tough battle. In a tape that is sudden acting softer the risk is tilted to the downside.

edit @ 3:54 - the stock is down 3% into the number which is a better setup if you're long

edit @ 4:08 - look out below unless the guidance is great