Analysts are getting ridiculous these days: making far fetched claims about the smartphone industry without adequately justifying their statements. Most recently, analysts have taken to saying “BB is ded, go get iphone insted.” The barely intelligible statement will probably hit RIM’s stock again, which is already taking a beating. It’s statements like these that don’t take into account the fact that RIM is quarter over quarter shipping millions of smartphones and managed to weather one of the worst recessions in history. In any case, see the above video for evidence of analysts spreading their bias, without giving us any long term statistical analysis that proves their hard line stance against RIM and its products.
BerryBlow let us know that the popular Stocks+ app has been updated to version 1.1 with some cool new notification settings. You can now specify alerts for stock changes and get notifications every time the aler is triggered. In the current version, you can create alerts of these scenarios:
- More, less than current value;
- Value is outside the interval (minimum – maximum);
- Difference between average of the day and current value (in %);
- Difference between 52 week average and current value (in %).
OANDA has launched a new forex trading app for BlackBerry. OANDA’s trade platform was voted “Best Trading Platform” by World Finance in 2009 and the new app is the company’s 4th mobile trading application. It gives FXTrade customers full trading functionality so they can enjoy the benefits of trading with OANDA anywhere, on the fly, from their BlackBerry.
Continue reading ‘OANDA Launches Forex Trading App for BlackBerry’
Stocks+ is an application that allows you to check your stocks status and display them on your homescreen. The app automatically updates your stocks and gives you a preview on the homescreen, so you get real-time information at a glance. This is a great feature that a lot of apps should leverage, especially social apps such as Facebook and Twitter. Stocks+ has recently been updated to support all devices with OS 4.7 and higher.
Download the free beta of Stocks+ from m.berryblow.com.
RIM’s Board of Directors have authorized a share repurchase program to purchase common shares having an aggregate purchase price of up to US$ 1.2 billion, or approximately 21 million common shares based on current trading prices (representing approximately 3.6% of the currently outstanding common shares of RIM).
The Board of Directors feel that this program is in the best interests of RIM and its shareholders. While their motives were not explicitly stated in the press release, a share repurchase program is generally about increasing ownership of the company by reducing the number of outstanding shares. Overall, this company is going to continue to grow and the more control and ownership RIM has, the better.
This week has had some positive stock news for RIM as the S&P/TSX composite index rose 142.25 points, or 1.35%, to 10,673.84, as gainers outpaced losers by a ratio of nearly seven-to-one and nine of 10 subindexes closed in positive territory.
Technology stocks, which account for less than 5% of the total index, rose 3.92% as a group, getting a boost from Research in Motion Ltd., up 4.3%, after RBC Capital Markets analyst Mike Abramsky raised his price target on RIM from US$100 to US$150.