Guess it's all based on the perspective of the reader. Seems shorts might be worried that it will make a huger move up after earnings, rather than down. Either way, it is all a gamble in this casino, called a market.
B4 last earnings, Fast Money said, around $85 per options. Today on the CNBC HT Report, they said it is probably heading to around $75. Some folks on this board thought $85 was ridiculous for KORS but here we are. Wish I had listened to to CNBC's opinion. If they are correct again this time, hope $75 is the bottom. In any case, stuck for now. GLTA Longs!
Excerpt from article... "Decent earnings, coupled with some positive forward guidance, could even trigger a short-covering rally that would drive the stock higher. Recent data indicate that investors have shorted 5.4 million shares. LinkedIn's average daily trading volume is about 1.8 million shares. If the stock rallies on earnings, it would take almost three days for investors to cover their short positions.
In other words, the view on LinkedIn is so bad it is good. This is a strange trading logic, but extreme investor sentiment often leads to positive results." GLTALongs!
They act like 12 year olds and they love it. They r just looking for attention. Don't waste your time with them. Hoping BBRY will be $15 minimum this year - GLTA Longs!
With Chen, this will likely be $15 by EOY. Every step of the way, shorts will try to get to you. Put them on ignore, do your own due diligence and move forward. GLTA Longs!
It actually took investors to $50's at approval. We had 7000 shares each, at $7. We were lucky and sold 5k each, just prior to approval, at $42. Kept 2k ea. Since it crashed, have bought a little more and we are averaged in below $3. So sad for true investors who held, thinking it was headed to $100 or more. It is all relative to where you are in now and your risk tolerance. Do your own due diligence - don't go by what others say. GLTA Longs!
Take heed shorts - hope the trader is right with the huge BBRY Call Bet. Here's a cut & paste from the article. G o o g l e it.
July 17, 2014
"Blackberry saw a trader dial in a large call bet today, even thought the stock has been hammered since the Apple IBM collaboration news came out. One trader is confident that the free fall is over, buying 14 September $12 call options at the ask price of 29 cents.
That bet is over $400,000, and the BBRY call options expire before the company’s next earnings report on Sept 26. Clearly this “investor” believes (knows?) that some catalyst other than earnings is coming in the near term. We’ve been burned several times by Blackberry (BBRY) but feel this big call buy is worth copying, on a smaller scale.
BBRY fell off a cliff, again, just this Wednesday morning, tumbling from the mid 11′s early week, to just $9.71 by end of day today, down 26 cents on the day."
I am surprised too. Wondering if it is the calm before the storm for the shorts and certainly hoping so. Don't like it because it is reminicent of last year - nothing but bad news for BBRY and no apparent attempt to help themselves or their shareholders. Back in again, hoping it will be quite different with Chen and that this is just a temporary lull - irrational and over done. Hanging in there - GLTA Longs!
Go short o- it could help the cause. Longs, buy on dips. GLTA Longs!