PEAK6 Investments Is Bearish On RIMM In Short Term

Jared Levy of PEAK6 Investments said in an interview on CNBC's Fast Money Final Call that he believes that investors should start to sell Research In Motion (NASDAQ: RIMM)(FREE stock trend analysis).

Jared Levy recommended the stock, on the same show, when it traded around $58, but now he thinks that the best thing to do is to take the profits. He said that statistics show that RIMM is moving 10% to 15% over its earnings. RIMM's earnings will be posted on Thursday.

He added that he likes Research In Motion (RIMM)(FREE stock trend analysis) as a long term play and thinks that their move to China is good. But he also thinks that this will not be shown in their report tomorrow.