Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of BlackBerry Ltd (NASD: BBRY) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $9.02 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 44.7. A bullish investor could look at BBRY’s 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side
BBRY stated this quarter would be lower on revenue but also will be cash flow positive...AGAIN!
All of this is baked into the price.... AGAIN downgrades prior to earnings to play the sell on a beat!
Hmmmm. Short pressure not exactly getting the reaction they want ;0)
I like your thinking but think we will miss on hardware. The pudding is in software where he will not miss ;0)
The sell-side firm anticipates BlackBerry to report $870 million in revenue, primarily driven by early signs of software growth.
He's right....if they hit this number and show any GROWTH in software on the CC, the stock will move back over 10. If you recall in the last earnings, they TOOK market share from other companies in software and showed GROWTH in enterprise. Don't trust Chen to not have another bomb in his pocket shorts.
Why would BMO have a different insight then MS or GS? Probably because they are hearing things straight from the horses mouth and not retail outlets in the US. LMAO
Google it.... From the Washington Post. Chen knows what he is doing in healthcare!
BlackBerry Ltd Partners Hong Kong’s 1O1O For ESBL
BlackBerry has partnered with Hong Kong’s 1O1O, making it a one-stop service provider addressing numerous needs of buyers