Fundamentally, BBRY has many positives. The company's profit margin is improving quarter over quarter. The company trades for 9 times free cash flow and 74% of book value. BBRY has no long-term debt. EPS is expected to rise by 64% next year.
Technically, BBRY has been in a long-term uptrend since hitting a low of $6 in late September. The stock is currently trading at the low end of the current uptrend channel. This has been the ideal time to get in historically.
The company has a large portion of the current subscriber base waiting for the Q10 phone with the QWERTY keyboard. I think this will be a big catalyst for the stock in the second half of 2013. The stock is a buy here, but scale in to the position over the summer months. The indiscriminate selling may just be starting.