You would think the news that millions of BlackBerry customers lost their service throughout Europe and Africa would hammer the company's share price.
You'd be wrong.
Not only Europe and Africa, but the entire Middle East as well. Even Dan Gertler must have lost service to the three BlackBerrys he normally carries around with him. (Gertler carries three BlackBerrys because he likes to compartmentalize his busy life. One is for investor relations; Marc Rich and the Glencore guys have that number, one for African Heads of State, and one for his family.)
Research In Motion, the BlackBerry parent company, saw their share price soar $1.50 on the day. That's a better than 12% bump.
Didn't I tell you months ago that this stock was a day-traders dream?
No comments:
Post a Comment