I thought it would be a rally day today because of the new product release in Orlando. I still believe BBRY may go higher after I saw what they did with the Z10, which is absolutely a well built phone. Although I'm an iPhone user and own both BBRY and AAPL shares, I expect BBRY to outperform AAPL in terms of return of investment at this point. So why's the big sell off on a broad market rally day today?
It's not a big sell off (to me). Volume is only 60% of daily average. 1.64% drop in price. If you happened to watch the ones from $14 to $10.5, and from $18 to $13, those were sell-offs...
BBRY is holding up pretty well IMHO, compared to Jan and Feb. The low is getting higher and higher.
after earning you will see single digits. Thor is a idiot with know #'s worth a #$%$ That's why you see no news. it's ANOTHER COMPANY THAT HAD #$%$ UP LEADERSHIP. It's a #$%$ stock to short
"It's not a big sell off (to me). Volume is only 60% of daily average. 1.64% drop in price. If you happened to watch the ones from $14 to $10.5, and from $18 to $13, those were sell-offs... "
yet not a peep from rimtards when the stock moves up on lower volume.
"BBRY is holding up pretty well IMHO, compared to Jan and Feb. The low is getting higher and higher."
the high is getting lower and lower. rimtards swore up and down that after Z10 launched we were gonna see $30, all the while the big boys sold the news.
I'm starting to think it kinda works like this: big shorts cover some before such events 'just in case', and then if there's no big positive surprises they just put the shorting back on. (don't have to be any negatives, just no big positive surprise news.
its because at the conference they opened it with the theme from Alka-Seltzer:
Plop plop fizz fizz
but unfortunately no relief.
there would have have been a better response if thor just when on stage, pulled the canvas off the new phone, let out a horse fart and walked off.
of course the moronic longs here will say they got a "gift" to buy more shares.
in the words of forest gump "stupid is as stupid does"
It's called manipulation. Happens ever week with the stock for options. Notice they always hit it then it stalls out. That's their computers running the stock down and keeping it here in this range. It will close the week somewhere either right below 16 like 15.90 or right above to exercise 16$ calls. This stock is the biggest manipulative con I have ever seen.
Bottom Line is Look at what the Q10 and Z10 unlocked IS STILL selling as in (sold listing's) ON EBAY...Q10's Are still selling for over a 1000.00 per phone and the Z10 unlocked is selling for over 600.00 more for the white and red version. This is all short sellers manipulating the pps to cover the 164+ million shares short, Having no enforcement from the SEC does not help much
I think a lot of people thought this was an investors conference and were expecting big financial news. It was not. It was a developers conference. Share price seems to be responding to lack of financial data, which should not have been there anyway.
Sentiment: Strong Buy