Seems like the more days that fall off toward the BlackBerry 10 launch, the more RIMM stock continues to rise. This sudden stock increase lately is mostly due to knowing the exact date that the new BlackBerry 10 platform will launch. But we can also give some credit to a major stock analyst, Peter Misek, for recently changing his position on RIMM stock from a sell to hold. His reason was that there has been much positive carrier feedback, which we have been hearing since Thorsten Heins talked about how 50 carriers were already on board for the BlackBerry 10 launch.
Another analyst, Kris Thompson, of National Bank, has up'd his rating of RIMM to $15. He believes that there will many days ahead for stock players to make a few bucks ahead of the BlackBerry 10 launch. Thompson also has early estimates of BlackBerry 10 smartphones to ship at 31.6 million units. However, he has changed that number, and now expects around 35.5 million units in fiscal 2014.
Remember, these numbers are all very conservative. Analysts are going to be very skeptical. If the launch goes well and BlackBerry 10 becomes a success, stocks will obviously be booming.
Have you bought any RIMM stock lately? Any pointers for potential buyers?