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Research In Motion CEO Thorsten Heins discusses features of the Blackberry 10.
Research In Motion CEO Thorsten Heins discusses features of the Blackberry 10.
(ROBERT GALBRAITH/REUTERS)

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RIM a “buy” if you can hold your breath and count to (BB)10

Research In Motion Ltd. has been down so long, anything looks like up. As its new smartphones entered testing last week, the company’s stock popped to over $9 from around $7.50. Skeptics figured it was nothing more than a dead-cat bounce from a company stuck in a downward spiral.

The doubters might be in for a surprise. RIM could deliver big returns for investors willing to make a contrarian bet on the devastated ex-powerhouse.