watsa is short the stock and milking options. he created the Venezuela excuse to tank earnings and his puppet heins followed along. everything with this stock is rotten from short hedges to insiders to mgmt. and the media who's in on the con game too. here's a prediction! tomorrow nothing will come out positive for the stock and it will trade between 9.08-9.28. as they continue to weed out the retail and poor suckers who bought calls.
I have traded this junk since January. I have been both long and short. Everyday some idiot comes on this board and says there will be a short squeeze.
Today it is you.
There will be no short squeeze because they released awful earnings. Remember?
As far as Prem Watsa his Fairfax Financial owns almost 52 million shares averaged in at 17 dollars.
Just so you know BBRY is currently 9.24 a share. So yes he is good investor, but is wrong on BBRY.
I'm lovin it. The press has gone from an across the board all out Bash for the past 2weeks to a slight Pump which is increasing every day (SA , Motley and Zacks have changed their tune). In addition I focus a lot of attention on time and sales trades which allow me to see shorts somewhat and I saw a lot of covering this week.
Why should anyone still short be surprised? It was SHEER abuse to take this company stock price down 30 percent or so in one hour's time from about 15 bucks in the early premarket trading period June 28th.
Ergo, they opened themselves up for a short squeeze. They have doubled their short percent over about 12 months evidenced by going from 90 million or so shorted shares to 184 million shorted shares in that time frame. The balance sheet improved yet they shorted it more like the balance sheet worsened. I think that was not a very smart move right now.
rimtards have been promising a short squeeze since I got involved with this company as a long last fall. didnt happen then,wont happen now. Other then rimtards and people from toronto nobody really cares about bbry. They had their chance and they failed. Now they are a 2nd tier company behind NOK not even close to aapl