I'm nicely underwater now, but if I have to stay underwater for 6 months longer then so be it. Either we're being heavily lied to be the company, or we're being heavily lied to by short analyst lies, I'm willing to bank on the company being honest here and the short analyst selling lies, after all the short analyst told us that the Z10 and BES10 would never see the light of day, and RIMM (now BBRY) was DONE, well now we have 2 10 devices and 3 more devices in the works and and increasing cash position instead of a decreasing cash position. The short cooks would have has us believe that RIMM would have burn through all that cash and be filing for BK this quarter, how WRONG were they. I'm sure some shorts made LOTS shorting this from over $100 to where it is now, but I'm also sure that a LOT of longs made LOTS buying this under $7 and holding till now, perhaps selling CCs and reducing their cost basis to nearly zero. I'm also sure there are plenty of shorts that are heavily under water now after having shorted this from $10 to $6 but not covering and now being STUCK and looking for anyway they can to get out. Can't wait for Friday, I don't think it will be a blow out earnings quarter, but I look forward to great forward guidance which should send us back to $16 by the end of July.
Hang in there! You have the right idea! I just read another artcle from seeking alpha and yes they bullish, but why is it they always give data and sources, charts and graphs - actual facts I can believe! all we ever see or read from the bears side is opinion and speculations? The truth will be told on the 28th and I believe that it will be good!
You are presenting extreme and wildly exaggerated thesis on both sides of the trade. Could it be that reality is right in the middle? Namely that blackberry launched a product that is selling worse than their previous product and they eeked out a profit due to Canadian job slashing?