Why does someone get scared when the solar panels make their electricity 25% cheaper than the utility's prices? "Ohhh, ahhh, don't sell me that electricity cheaper, I want to pay more."
It just looked fake. That's cause Michael Jackson did it so well. And I think he did it at Disneyland but might have only been an impersonator.
yup, that's pretty much it. a nice boat ride through it's a small world at Disneyland. Everyone wants on, the lines are huge.
But at some point, you have to realize you are in disneyland.
Actually, a pretty good clip slower than expected. I expected revenue to drop more than 1% over last quarter. That being said, last quarter's revenues were nothing to brag about.
This thing is still on a downward path--but not today. Longs will hype this up a $1 or $2. Then it's time to move in to short--again.
But this isn't a turnaround story. BBRY phone sales are down--again. BBRY lost another 250m cash and 60 million net loss. It's only up because of it's real estate sales and tax refund and those were one time events.
There is still no indication that BBRY can make it in phones. If BBRY gets out of phones, it's going to be a much smaller company.
Too early just yet for longs to celebrate. News looks good but tlast quarters news looked promising and we ran early and got crushed later in the day and preceding weeks.
It's the rabid BBRY fans. Same as last 2 quarters. And the reason why I never short BBRY pre-earnings. Longs see everything with rose colored glasses. The reality here is that BBRY just lost another 250m and still has not turned the corner. They don't have any more real estate to sell or tax refunds to save the day.
actually cash usage is down nicely
since when is blowing through another 250m of borrowed cash nicely?
and the company will easily survive three more quarters of these kind of losses.
Actually, no. 3 more of these would be 750m. They have to turn these losses around. Granted, they didn't lose nearly as much as I thought they might, but they haven't turned the corner yet.
Remember they are still guiding for break even cash flows at the end of the FY.
That's a goal. A goal of only losing 1 billion dollars this year. Not exactly impressive.
And they actually SOLD 2.6 mln phones this quarter but recognized only 1.6 mln.
No, 2.6m included phones from the previous quarter too. That's why they only posted income on 1.6m phones. This isn't even close to making the phone business viable.
you do realize they lost another 250 million, right?
The gain is from the sale of their real estate and a tax refund not sales.
Didn't BBRY just blow through another 250m in cash? After losing 500m cash last quarter. You do realize they are still on a path to bankruptcy right? The only things saving them are the sale of real estate and tax refunds from losing so much money.
That's exactly how I read it. They lost 500m cash last quarter and now 250m cash this quarter--this isn't going well. 3 more quarter of losing 250m cash and it's game over.
I believe Chen has said it's going to take about 10m phones a year to make it a viable business so 1.6m phones this quarter isn't even close.
But BBRY longs see with blinders. Pre-market already has this company up. No way I'm gettting involved until the rabid longs here burn out. Then, I might come in for some short action.
Are people just stupid?
Answer, yup. How stupid? PLUG at $1100 a share in 1999 stupid, that's how stupid. PLUG going from a quarter to $11 in 6 months, that's how stupid. TSLA selling 6,000 cars a quarter at a loss with a market cap of 27b, that's how stupid.
The stupidity knows know ends.
Because the market is irrational. This is the same company that was $188 a share a month ago. It is what it is. Might go up to 250 tomorrow. Might come down to 200. It's just noise. Irrational exuberance or irrational fear.
Suckers. I saw the same thing last month when they took it down to 188.
If you can't stand the heat get out of the kitchen.
By the way, Silicon Valley in California is where the most concentration of smart and rich aAMERICANS, and what do they DRIVE, ....TESLA!
you mean all 6,000 Tesla's sold last quarter where in the bay area? Wow, that only leaves about 5 million other cars sold in the bay area that were not Teslas. .01%. What a great point. Not.
Now they are going to have a party back down to $180.
No, really, who buys this company selling 6,000 money losing cars a quarter at a market cap of 27b expecting it to go up?
I'd be scared to death some big short money would get in and short about 10 million shares and drive it down to $150.