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BlackBerry Limited Message Board

  • use.caution use.caution Nov 17, 2012 11:22 AM Flag

    folks that was a "tremendous move" at end of day yesterday.

    somethings up. next week will be interesting.

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    • That was a four month plus closing high on 20 million shares when the break-out occurred. That is a huge volume jump and shows you that the share float is getting thin. The shorts will realize that there aren't any shares available down here and will start to cover. I'm sure they tried hard to stop the rally in its tracks but there is no way Watsa and the gang will let them regain control now. The march to $ 14.00/shr has begun and there is nothing the MM's can do to stop it. We actually have clear sailing to the 200-dma and if it pops above that, $ 12.80/shr is next. Nice rally and $ 3.00/shr higher than the 2 month old lows, that's a superior 48% gain in just two months leaving Apple to look pretty stupid with only a 32% dribble for the whole of 2012 .... at one point yesterday.

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