he list of so-called "analysts" pounding the table to sell (or short) Blackberry shares has been incessant this morning, following the firm's surprise beat on earnings (and turning an actual profit.)
Let me remind everyone that there is a well-known formula for going broke in the stock market. That is to short companies that (1) have lots of cash in the bank, (2) have no debt and (3) are turning an operating and net profit. Please short more BlackBerry (BBRY), which exhibits all three of these characteristics and has a monstrous short interest to boot. Let me also remind everyone that so-called "analysts", as recently as three months ago, were predicting that Apple (AAPL) would soon hit $1,000 a share, as many of them had 12 month price targets at or near that level.Today, Apple sells for $446 a share, down massively from it's $705 peak and less than half of those projected "targets."
Wall Street "analysts" are utterly fabulous at lining up rubes to buy #$%$ they need to sell, and likewise they're great at goading people into shorting things they need to cover.
In both cases listening to them will leave you holding the bag