‘Suspicious’ BlackBerry Buys: Najarian

The timing of some buy orders ahead of an announcement that sent BlackBerry shares higher appeared curious, OptionMonster's Jon Najarian said Wednesday on CNBC.

The Toronto-based company announced that an unnamed, "established partner" had ordered 1 million of its new smartphones, sending the stock 8 percent higher to close at $15.64 per share. It continued to gain in after-hours trading.

BlackBerry unveiled its new Q10 and Z10 smartphones on Jan. 30.

On "Fast Money," Najarian said that a spike in options buys preceded the BlackBerry announcement.

"This movement was more than a minute ahead of that press release hitting," he said. "This was a lot of buying in that minute. Both options and stock. I'm suspicious.

"Somebody had this just before it came out."

StockMonster's Guy Adami said he remained positive on the stock.

"I'm still firmly in the bull camp, and it's not because of those orders," he said.

Tim Seymour of EmergingMoney.com factored in BlackBerry's popularity in emerging markets.

"In India, actually, the BlackBerry is cool," he said, noting that there were definitely supply shortages.

"The fact that people are worried about being short supply here is something that's very important," Seymour added.

Trader disclosure: On March 12, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long SBUX; Tim Seymour is long NOK; Tim Seymour is long UA; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long BTU; Guy Adami is long NUE; Jon Najarian is long JPM; Jon Najarian is long GT; Jon Najarian is long BX; Jon Najarian is long FIG; Jon Najarian is long KKR; Jon Najarian is long TJX; Jon Najarian is long SLV; Jon Najarian is long ATVI; Brian Kelly is long S&P FUTURES; Brian Kelly is long GLD FUTURES; Brian Kelly is long SILVER FUTURES; Brian Kelly is long T-NOTES; Brian Kelly is long EURO FUTURES; Brian Kelly is short Copper; Brian Kelly is short Mexico; Brian Kelly is short Swiss Franc;

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