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The BlackBerry Q10.
The BlackBerry Q10.
(Deborah Baic/The Globe and Mail)

SEAN SILCOFF

Short-sellers, quit playing games with RIM

ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.

Research in Motion Ltd. has the hottest toy on the market. We’re not talking about the latest BlackBerry smartphone, but its stock: speculators can’t get enough of it. More than one-third of its shares were held by short-sellers as of mid-June. Many analysts who follow the company aren’t much better, adding to the fog of speculation with questionable “channel checks” to assess the company’s sell-through and month-by-month changes to their forecasts.