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BlackBerry Limited Message Board

  • snype8 snype8 Feb 13, 2013 10:17 PM Flag

    Tomorrow should tell us where this stock is heading

    We seem to be in a trading range with lower highs and higher lows. According to the chart, I would expect to see us going up tomorrow without testing the low 12's. I will expect us to run up to 16 within the next 10 days and then if there's no news we will head to $14 until we hear something to bring this stock higher. Without sales news this stock will most likely trade within a $2 range until the US release. After the US release, we should go higher but I don't think we blow past $20 anytime soon. For this stock to go past $20, Blackberry must change their 2014 earnings to as least +$1.50. From what I see the company's yearly earnings won't be in the black until 2016 but there's an estimate in 2014 between -$2.82 to $1.19. This stock is very speculative and should be trading around $12 but even that is a little high for now. Of course I want this stock to shoot up but it's not likely anytime soon until we see sales or units shipped. Until then this stock is just a trading vehicle to play with.

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BBRY
6.68+0.07(+0.98%)Feb 12 4:00 PMEST