RIMM) Background: Research In Motion is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. RIM trades an average of 17.6 million shares per day with a market cap of $3.8 billion. It reports second-quarter earnings Thursday.l 52-Week Range: $6.33 - $24.74 Book Value: $18.61 RIM investors have been beaten up so badly the last four years they may qualify for handicap parking. RIM is a classic example of what happens when investors believe really smart CEOs are actually smarter than they are. Having the skill set of taking a technology company from zero to the world stage is a different skill set than running a large tech company. (Hello, Facebook ( FB) investors.) Investors aren't expecting an improvement in RIM earnings. Analysts forecast per share results below last year in the same quarter. The earnings release is planned after the market closes on Thursday. The consensus estimate is a loss of 46 cents a share, falling $1.26 from a gain of 80 cents during the same period in the previous year. Last quarter RIMM's earnings release was held on June 28, and the previous closing price was $9.13. Relative to a current price of $6.91, shares are down 24.3%. Technically, the monthly chart is oversold, and I am expecting a bounce higher. The weekly chart is slightly oversold, as is the daily. I would not want to remain short into earnings. Earnings may not turn into the catalyst for the bounce, but it certainly could turn into one. The short interest is anything, but short. The current float short is 18.7%.