i think the market has finally had it with the bbry manipulation attempts at boosting its stock price.
didn't they write a song about this
oh sorry, thats just the maggot invested rotting corpse of bbry stinking up the mobile space - for now
the creeps at Yahoo have a wicked sense of humor. i typed infested and they changed it to invested. lol
no big deal they'll make it up on volumn
i've never seen a more manipulated stock price than bbry by a mgt and board. you take on more than market risk with bbry.. bbry should be announcing another possible (?) take over offer shortly to bump the stock price again, and again and again. i can't believe the number of suckers falling for this #$%$.
you'll be sorry if you buy here
price 3) tries to create a demand in the market for a competitive bid (lol such a lame attempt) 4) fairfax has given itself many outs of this deal. the main one is 2 weeks to get "acceptable" financing to do the deal. ask yourself this: if YOU had $4.7b would you sink it in bbry?
everybody knows bbry was heading to a $1 a share if this fairfax bid hadn't come in. if your short bbry don't cover, the fat lady hasn't sung yet.
yes and the thought that fairfax will break up bbry and get roughly $14 a share for it is a joke. why wouldn't bbry do it? bbry mgt shopped the the company and the parts and theres no buyer for any of it.
i don't believe fairfax gets anything but they may have pay bbry a $15m no deal fee or bbry pays them $15m if theres a higher bid thats accepted. $15m next to $4.7b is a very small price to pay to back out of this deal. fairfax may not have to pay bbry anything - haven't heard for certain. i do know the higher bid part is $15m however.
fairfax has other investors than watsa. those other investors would likely revolt and redeem out of fairfax if fairfax offered bbry a ridiculous premium. an offer at or near market would appear correct.
same as selling your soul to the devil. Isn't it?
agree. thats why i don't do options. if you don't commit a huge portion to any one purchase the only way you lose long is if it goes bk or theres an under take over which means it was heading for bk anyway. you can sit on your long position forever or until it hits your p.t. above your cost. g.l.
Paulson lost $2 billion staying in another Chinese outfit when MW told the world about a Chinese lumber outfit was a fraud. MW knows what its talking about!
Ho hum, NQ is just another example. When will you speculators ever learn. The SEC could care less..