I think you guys are in too deep to be objective any and even rational in some cases. I came to this stock with objectivity and checked it out, not knowing if it would be a great turnaround speculative long play or should buying puts was the way to go. Looking through everything, charts, news , fundamentals etc. This stock clearly has more downside than upside in terms of potential and momentum. Folks coming in here with bearish outlooks don't hate BB or have some vendetta. They wanna make $. I'm sure many have lost large sums of cash in the past doing exactly what longs are doing here. I have followed BB story loosely over last yr and a half or so and wished to see a bottom form, like it did for Nok, RAD and BAC( a few I've found profitable) the bottom for BBRY has not formed however. When that happens, it won't be a rocket ride back up either. Longs are in for multiyear loss and stagnation. In the end, there's no guarantee it won't be another Nortel. (Another one I took part in) Anyway, its not going to $10. You guys should really seek out some objective experienced council on this one. And heck, if you don't care and have that $ to burn, why give it to some $ manager, bank etc. Why not just give it to some poor family or a worthy charity?
I long with 50k shares. I do believe we will be between $10 - 12 in twelve months. I know it's a gamble but BBRY has unique assets and more intrinsic value than cash, patents, property, blah blah blah everyone cites as objective. With the Canadian Gov't behind one of their gems, and a new bang up leadership teams it can turn around. They have enough cash now for 8 - 10 quarters, enough time to re-establish their enterprise franchise and get some reasonable revenue flow.
you left out the biggest problems. Apple, Samsung and every other cell phone maker. BBRY is years behind these companies and nobody wants their product. You can't artificially manufacture demand. Read BBRY's own report. They tell they are going under. Their cash burn is incredible. Their overhead is huge. They already plan a 50% labor cut.