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Massive Mover: Is RIM the Next Hot Stock?

Friday, 11 Jan 2013 | 2:51 PM ET
RIM: Up 60% in 3 Months, But Why?
OptionMonster Jon Najarian looks at the violent upside move in RIM. What lies ahead? Najarian digs down.

On Friday shares of Research in Motion shot higher, up more than 10% during the session. And lately those kinds of gains are nothing new.

The stock is more than 70% higher over the past 6 months. From a performance standpoint, RIM certainly has had a dramatic turnaround.

Is this the beginning of something?

According to top trader Jon Najarian it just may be. "I'm seeing calls trading versus puts trading at a 2 to 1 ratio," said Najarian.

That suggests pros are looking for more upside.

Mike Santoli, senior columnist for Yahoo!, thinks RIM is a beneficiary of money moving into the market that's 'looking for catch-up.'


A user tries out the new Blackberry Torch 9800 smartphone after it was unveiled at a news conference August 3, 2010 in New York City.
Getty Images
A user tries out the new Blackberry Torch 9800 smartphone after it was unveiled at a news conference August 3, 2010 in New York City.

"I don't know what the fundamental catalyst may be but I think gains are all about a speculative impulse that's being rekindled.

Pete Najarian agrees.

"There really isn't a catalyst that I can see driving the gains," he added. "A renewed interest in speculation makes sense. That would explain this kind of a violent move to the upside."

Traderdisclosure: On January 11, 2013, the following stocks and commodities mentionedor intended to be mentioned on CNBC's "Fast Money" were owned by the"Fast Money" traders; Jon Najarian is long RIMM CALLS; Jon Najarianis long call spreads in DNB; Jon Najarian is long call spreads in LVS; JonNajarian is short HLF 40 straddles; Stephen Weiss is long M; Stephen Weiss islong BAC; Stephen Weiss is long JPM; Stephen Weiss is long C; Stephen Weiss islong FB; Stephen Weiss is long TBF; Joe Terranova is long VRTS; Joe Terranovais long XOM; Joe Terranova is long AAPL; Joe Terranova is long SWN; JoeTerranova is long GS; Joe Terranova is long MS; Joe Terranova is long DELL; JoeTerranova is long GLW

For Ben Reitzes
Barclays Bank PLC and/or an affiliate is a market-maker and/or liquidityprovider in securities issued by Apple, Inc. or one of its affiliates: AAPL
Barclays Bank PLC and/or an affiliate has received compensation for investmentbanking services from Apple, Inc. in the past 12 months: AAPL
Barclays Bank PLC and/or an affiliate trades regularly in the securities ofApple, Inc: AAPL
Barclays Bank PLC and/or an affiliate has received non-investment bankingrelated compensation from Apple, Inc. within the past 12 months: AAPL
Apple, Inc. is, or during the past 12 months has been, an investment bankingclient of Barclays Bank PLC and/or an affiliate: AAPL
Apple, Inc. is, or during the past 12 months has been, a non-investment bankingclient (securities related services) of Barclays Bank PLC and/or an affiliate:AAPL

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