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Shares of Research In Motion (RIMM) jet 14.2% higher premarket, apparently fueled by enthusiasm...

Shares of Research In Motion (RIMM) jet 14.2% higher premarket, apparently fueled by enthusiasm over the impending launch of Blackberry 10 devices. With the new product, National Bank's Kris Thompson now expects to ship close to 35.5M devices devices in FY14 after early estimates called for 31.6M. RIMM trades at its highest level since June.
Comments (9)
  • You don't think it has something to do with RIM being up over 17% in Toronto and the US market catching up to that?
    23 Nov 2012, 08:08 AM Reply Like
  • All that money leaving AAPL has to get inveted somewhere...

     

    Looks like NOK/RIMM....
    23 Nov 2012, 08:30 AM Reply Like
  • It seems strange timing, when it's other smart phone producers that are going to prosper over the holidays, when RIM are still 3 months shy of their day in the sun?

     

    I'd be surprised if this early bird enthusiasm sustains itself; sometime in Febuary, I could understand, or last week, when the confirmation of the launch date came out, but why now? Communication lag?
    23 Nov 2012, 08:48 AM Reply Like
  • Trade-bait, because BB10 has been talked about for so long and BB will keep shrinking during the holiday season. Everyone left and right is picking up an Android. It's a good time to take profits, not buy more.
    23 Nov 2012, 09:02 AM Reply Like
  • great run up likely do to heavy short covering of 95 million shares, watch for profit taking by the MM's , remember the market is also a place to trade in your wealth as well.
    23 Nov 2012, 09:28 AM Reply Like
  • BB10's new operating system and many useful new features are a big strategic advantage for Rimm. This device will finally allow the corporate and government customers to no longer need to have 2 phones in their pocket. This thing has got to work, but if it does could be a huge hit. It is miles ahead of Apple in terms of technology.
    23 Nov 2012, 09:30 AM Reply Like
  • Short covering!?
    23 Nov 2012, 09:40 AM Reply Like
  • Implied Volatility is rising. RIMM is probably not a good Black Friday purchase. ;)
    23 Nov 2012, 02:46 PM Reply Like
  • BB10 is a very impressive looking OS, it has many unique and distinguishing features from the competition and has a leg up in many ways too. Now, if it doesn't end up having to be reset all the time and have memory problems and attracts atleast modest developer support, you have a true third place in the mobile setting.
    24 Nov 2012, 11:54 PM Reply Like
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