Investors love their BlackBerry (stock)March 11, 2013: 12:13 PM ET
There's a lot riding on BlackBerry's new smartphone, which is about to hit the U.S.
So far, investors seem to be in the smartphone makers corner.
Shares of BlackBerry (BBRY) rallied nearly 11% Monday.
"I'm not dead yet!" could be BlackBerry's mantra, to quote Monty Python. After multiple misses and few hits, the Canadian smartphone maker seems to be on the right path.
The Z10, which features an all-touch keyboard, will make its U.S. debut later this month. AT&T (T) will start taking pre-orders on Tuesday.
By all accounts, it's what BlackBerry, formerly known as Research in Motion, should have been making all along... an innovative, modern smartphone
Also propelling BlackBerry's stock higher Monday was renewed chatter of a possible suitor. But chatter is just that, chatter. Until there's a definitive agreement, I would be cautious in how much stock (pun intended) I put in that.
Regardless, all of that has given StockTwits traders plenty to chew on.
Even better news for BlackBerry lovers. Who doesn't like a bargain?
Looks like investors are ignoring him for now. When worries about Apple's iPhone 5 sales hit the airwaves, Apple's stock came under fire, but BlackBerry's stock is on a tear .... at least today.
Ahh, yes, lest we forget the rumor mill. It doesn't take much to pique investor interest.
Tomato, tomatoh is what I say. Why would Lenovo buy RIM, or BlackBerry as it's now known? Why does anyone buy anything? If they see a value or way to become more competitive, why not? Although a fair point by MJ23 on Microsoft (MSFT). That could make more sense but once, again, all of this is just talk and speculation.
I'll just reiterate my previous point that, until there's an agreement, talk is just talk. But BlackBerry's comeback is something to watch. It wasn't too long ago that many thought the smartphone maker wouldn't be able to pull itself out of its rut.
But that's the thing... when the going gets tough, the tough get going.