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BlackBerry Limited Message Board

  • brightstar44435 brightstar44435 May 1, 2013 11:33 PM Flag

    Do not sell your shares. Read Seeking Alpha article .... shorts are screwed ...

    Seeking Alpha Article; Black Spruce ........ the guy admits he is long the stock but makes some interesting insights ... ONE is that the number of shares available for shorting are being 'reduced' AND the shorts cannot possibly makes money. There are too many of them.... The stock would have to drop precipitously and that is NOT going to happen ...GREAT ARTICLE....

    Sentiment: Strong Buy

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    • I have been seeing "Hard to Borrow" sign on my Level 2 screen from my brokerage firm continuously for the last 4 days. Otherwise availability was alternating. It only means, there aren't many shares to borrow. This quarter should be a good quarter. Remember the 1 million order from a mystery buyer, store selling out in 90 minutes etc. Also, take a look at BBRY's cashflow: Operating Cash Flow (ttm): $2.30 B, Levered Free Cash Flow (ttm): $1.07B. Cash in Hand $3 B, no debt!

7.20+0.06(+0.84%)11:08 AMEDT