@Chris Umi ... What's causing the stock to rise?
Just wondering if you could reply, or maybe get an article going on what's been driving the stock price up. Is it just the more positive sentiment in the news/blogs? Possibly the announcement of the big 3 carriers being on board?
- 01-11-13, 03:13 PM #2
That's easy. Don't need Umi for this one
Look.. there's a lot of people who have RIM stock shorted. There's also been a lot of positive buzz this week about BlackBerry 10. Carrier support, good reviews hitting the net, etc.
As soon as there's positive sentiment, all the short stock people start closing out their positions for fear of the price going up. And that act of buying back stock drives the stock back up faster. And that's what you're seeing... shorts covering their positions which pushes it up.
- 01-11-13, 03:17 PM #3
Also, Nokia has proved that the market is open to more than just iOS & Android. It proved that people aren't loyal to those two OS's just because of the ecosystem.
ie. Proof that BB10 has a chance in gaining meaningful market share
- 01-11-13, 03:24 PM #5
- 01-11-13, 03:33 PM #8
Kevin and Crackberry crew,
Don't be so modest,lol. You and your crew have headed off the shorts at the path also, in a major way by starting your Toronto condo marketing blitz ahead of Jan 30 2013, friggin genius if you ask me!
You guys have in a huge way have closed the "gap" from now until Jan 30 2013, textbook perfect!
- 01-11-13, 03:42 PM #10
@GTiLeo ... BGR posted a pretty good article that indirectly touches on that. People just hopped on the Apple bandwagon because it was "cool." Now, since every kid's mom and dad has an iPhone, it's not so cool anymore.
'APPLE IS DONE' AND SURFACE TABLET IS COOL
- 01-11-13, 04:20 PM #15
- 01-11-13, 04:22 PM #16
obiously hindsight is 20/20, but stock value is usually based on the metrics with a sprinkle of sentiment, not vice versa
- 01-11-13, 04:43 PM #18
- 01-11-13, 05:00 PM #19
my guess is because of CES the QNX Bently with CAR 2 and BB10 code integrated into it allows everyone to see just how powerful the base structure is of BB10 and what it can accomplish. coupled with the news about apps and 6 devices coming out to target different price ranges
- CrackBerry Master
01-11-13, 05:19 PM #20
- 1,494 Posts
Jan. 11 (Bloomberg) -- Research In Motion Ltd. shares jumped the most in more than two and a half years amid rising confidence the new BlackBerry 10 lineup will boost sales for the struggling smartphone maker.
Analysts received invitations today to the formal unveiling of the new phones on Jan. 30, a sign that the oft-delayed device is real and going to be released on time, said Anil Doradla, an analyst at William Blair & Co. in Chicago. A series of photos also were posted today on technology blog RapidBerry showing the new phones in action. RIM is releasing the BlackBerry 10 in both touch-screen and physical-keyboard versions.
“What you’re seeing here is the anticipation of the launch of these new phones, the anticipation of potentially healthy sell-through for at least one or two quarters,” Doradla said in an interview. He rates RIM the equivalent of a hold.
RIM jumped 14 percent to $13.56 at 4 p.m. in New York, the most since April, 2009. Optimism that the new phones will be successful has caused the stock to more than double since late September.
Sprint Nextel Corp., the third-largest U.S. carrier, also reiterated its support for the BlackBerry this week at the Consumer Electronics Show.
“We are working closely with RIM to try and get out a product this year,” Sprint Product Chief Fared Adib said at the conference. “The market is consolidating around Samsung and Apple, and that’s not necessarily a good thing. We need other players to do well.”
RIM plans to unveil the new phones in six cities around the world at the end of January, before putting them on sale in February and March. RIM needs a hit if it is to regain market share lost to Apple Inc.’s iPhone and devices that run Google Inc.’s Android. If the company doesn’t achieve that, the stock will tumble again, Doradla said.
“In the next 20 days, I expect the stock to trend upwards,” he said. “Once the product is launched, barring signs of sell-through exceeding street expectations, I expect the stock to pull back.”
To contact the reporter on this story: Hugo Miller in Toronto at
To contact the editor responsible for this story: Nick Turner at
Sent from Bloomberg for Blackberry. Download it from the Blackberry App World!
- 01-11-13, 05:26 PM #21
Last edited by RubberChicken76; 01-11-13 at 05:36 PM.
- 01-11-13, 05:50 PM #22
To RubberChicken's comment - agreed. Apple expectations were way too high.
- 01-11-13, 06:03 PM #23
wait, these are all quantifiable data points, factual issues, and not sentiment. I do get where your coming from with sentiment, but the figures never lie.
- 01-11-13, 07:12 PM #24
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