OK, so this whole speculative fervor around Research In Motion shares is starting to get a little out of hand.
Eric Savitz of Forbes.com wrote this article and takes the point of view that people should still be cautious with RIM.
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RIM schedules January 30th for BlackBerry 10 launch
And, I do not disagree with him. But here’s the thing with RIM. The company announced a launch date Jan. 30 2013. Let’s say the Mayan’s were wrong and we actually arrive at that date. The Blackberry 10 is released. There are new smartphones on the market and they all get positive reviews. If that happens the RIM stock will rise and this is what people are speculating today.
I saw one analyst think that RIM stock would hit $43 by mid year in 2013. That is a real possibility if, and it’s a big if, RIM delivers on Blackberry 10. And, I also believe there is room in the market for the Blackberry 10 platform. I do not see people dumping Droid, Windows Phone 8 or IOS and I don’t think people and businesses will dump Blackberry as each system will play a role in the marketplace worldwide. The North American market is a different story. But the world is made up of more countries than Canada and the U.S.