Research in Motion (RIMM) has broken above $70 after the company reported that they are killing it right now.
They’ve just shipped a record number BlackBerries, beat expectations, and gave strong guidance.
Thus RIMM is reporting their best ever shipments… yet its stock, even after today’s pop, is well below its own record levels, and even below this year’s high around $85. Now watch the momentum traders come back.
The author does not own shares of RIMM.
[image url="http://static.businessinsider.com/image/4b2b9605000000000025a2e9/image.jpg" link="lightbox" caption="" source="" alt="RIMM" align="left" size="xlarge" nocrop="true" clear="true"]