should attempt to close the gap at $17. The push higher will come as analysts reaffirm price targets. Once BB10 is released in the US, BBRY will never trade below $20 again. It's only gyrating on speculation and limited concrete data. Wall Street is so impatient so it's easier to drive the price down for quick 15-20% trades. Ultra high short covering is the main driver for today's price spike but you'll never hear anything about it until the short interest list is out tomorrow for 1/15/13 on nasdaq. BBRY 15.35 ah so it won't close under $16 tomorrow.
super strong buy to $25
short interst 129m with daily volume 100m so I don't see what the big deal is to cover nearly everything on the day. High volume mind you implies a fair level of short interest anyway or the stock would jump to $20-30 immediately, the same way SIRI is heavily traded and has very high short interest. Doesn't mean the stocks going lower. BBRY = 15.41! man this stock is on fire!!!
Reuters, wall streeet, forbes only release old data, today's data being that Jim Balsillie sold his stake. Gee I've only read this maybe 50 times in articles! What about Lzaridus 30m stake, Fairfax 51m stake. Yacktman came up with some bearish sentiment at CNBC and reduced stake by 11m. Yet they still own 12m - such hypocrites as most of these hedge funds are!