smartphoneTomahawk, WI 3/28/2013 (Expedated) – As the day winds to a close we take a look at a new daily volume leader and it is not Bank of America.

Could BlackBerry in Motion Limited (BBRY) be the next comeback kid? The company has certainly fallen behind the technology curve. But a major branding change and a new smart phone have given them a boost so far in the new year.

That boost continued today with BlackBerry reporting a surprise operating profit for its fourth fiscal quarter. Many of the thanks go to on-going cost reductions and shipments of its new Z10 handset which just hit the 1 million mark. This news has the company on top the volume leader board trading over 100 million shares today.

Mike Walkley of Canaccord stated. “In the short term, the company has done a good job on its cost reductions and made a solid quarter on operating margins. In the long term view of the stock, both the bulls and bears have good cases.”

The reality of the situation is still that the company lost about 3 million subscribers nd it will be spending big on marketing in the current quarter as it will face stiff competition from the Galaxy 4S from Samsung. This stock is still in for a version of Mr Toad’s Wild Ride and will not be for the faint of heart investor.

Disclaimer: This article is intended for informational and entertainment use only, and should not be construed as professional investment advice. They are my opinions only. Trading stocks is risky — always be sure to know and understand your risk tolerance. You can incur substantial financial losses in any trade or investment. Always do your own due diligence before buying and selling any stock, and/or consult with a licensed financial adviser.

 

 

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