The Real Reason RIM Ralliedhttp://www.fool.com/investing/general/2011/12/23/the-real-reason-rim-rallied.aspx Evan Niu (TMFNewCow)
December 23, 2011
The stock had jumped higher to the tune of 13% on more than three times the average daily volume before closing out the day with a healthy 10% gain. While initial reports suggested that the catalyst of the surge tied back to speculation that the BlackBerry maker may be put out of its misery and acquired by the likes of tech heavyweights -- either Amazon.com (Nasdaq: AMZN ) or Microsoft (Nasdaq: MSFT ) and Nokia (NYSE: NOK ) jointly -- that conjecture overshadowed the real reason behind the move.
To unearth the real cause, you had to dig beneath those speculative acquisition headlines to find something based on undeniable fact. Something not spawned by dubious guessing games and questionable rumors. Something that is attributed to incontrovertible truth instead of "people familiar with the matter." Something ... with a slingshot.
At long last, after investors' seven long months of anxiously waiting with bated breath, RIM has delivered. The notoriously popular and addictive avian adventure to slay swine and rescue their offspring has