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Thursday

BlackBerry Stock – On The Rise! Again!

ka-ching

Six days prior to the highly anticipated announcement of Research In Motion’s first quarter earnings, Wall Street has found an uplifting beat for shareholders. Less than one week ago, on Friday morning’s bell, stock in RIMM fell $2.16 per share in less than 12 minutes. For those keeping score, that’s a little more than $1.2 BILLION dollars…

…for those that decided not to sell during those tumultuous twelve minutes – in which the earth stopped spinning – it has been nothing but clear skies since.

In the last five days of trading leading up to next week’s quarterly earnings announcement, Research In Motion shareholders have enjoyed nearly $20 per share increases, or ELEVEN BILLION DOLLARS in market cap.

Perhaps more impressive is this same stock was valued at $57 per share just one year ago (post-split price adjustment).

Meanwhile, the Cupertino fruit rival (AAPL) has mounted record gains, ranging in the neighborhood of 45% profits for shareholders. Of course, that’s nowhere near the 250% gains in the last calendar year for RIM, but I suppose it should make some of the iPhone flock quite happy.

Stay tuned next week, as I have a feeling that earnings and numbers will once again be higher than expected targets and RIM’s stock will skyrocket.

Jibi does not have stock in RIMM or AAPL.

Written by BlackBerryForums.com Moderator Jibi