Mr. Prem Watsa did not double up without thinking. He has MORE FIRSTHAND information THAN THE JOURNALISTS ARBITRARILY INTERVIEWING BYSTANDERS AND WRITING ARTICLES.
There are 80 million proud subscribers (increased over last quarter)
$100 million increase in cash over last quarter
$18/share book value - stock is trading at 60% discount
No more shares to short
DEFINITELY NOT A BLACK SHEEP
Interview me, interview me, interview me.
I can't wait to switch to the BB10 and drop my HTC. I am sure there will be some iphone5 users want the switch too and more so when they know about BB10.
It is a good article to show RIM what needs to do in their marketing in the US. It will not be an overnight success in US. The strategy might have to come in from the flanks and surround US and then take it out a bit at a time.
Security and encryption if done right by RIM will be loved again and be COOL again for consumer if RIM can protect consumer as they have done for enterprise and government.
Only thing hedges media machine can do now is continuously talking about the past device because they are afraid of the BB10.
$7.77 looks like an accumulation level by the longs and short alike.
Sentiment: Strong Buy
"I can't wait to switch to the BB10"
You keep on saying you "can't wait". But what are you doing? You're waiting. Still. So you underestimate yourself! You can wait. You can wait and wait and wait and wait.
Let's note that neither Beaver nor Freddy actually owns and uses a Blackberry phone. They pump the stock but won't touch the product.