Jim Cramer thinks that a Verizon BlackBerry 8700 will spike RIM’s stock

Mad Money’s Jim Cramer, who is not a big fan of Research in Motion, thinks that when Verizon releases the BlackBerry 8700 model “sales will soar”.

Cramer still doesn’t view Research in Motion as an investment because it is”like a rollercoaster”, however, states that the stock is at a “beckoning” level and that he thinks that RIM will report better-than-expected earnings in Q1 of fiscal 2007.

Cramer believes that RIM will bounce back as soon as the BlackBerry 8700 hits Verizon stores and that is the time to trade the stock.

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Jim Cramer, Mad Money, TheStreet.com, Verizon BlackBerry 8700