Good to hear that both of your Apple shares are up. That's an easy $10 in your account! Going to be a good Christmas in your house this year.
JCP going from 6 to 10 in a month was a fairy tale come true. I suspect Blackberry will be slower.
Your comments repeatedly indicate that you have less than six months real world experience in stocks. Get some real experience then make some intelligent comments! BTW: I bought JCP at $7.32.
JCP is a real dog of a company and it got a few weeks in the sun. Blackberry not anywhere near as bad off as JCP. $10 would be a nice start to a recovery for BBRY.
If Fairfax, Mikey and friend plus 1-2 other big holders call in their stock certificates, that will remove about 1/3 of the shares available for shorts to borrow to sell (or to continue to hold their short position). With roughly 1/3 of total shares currently shorted, that would mean 1 of every 2 available shares is already borrowed and sold short!. If a few more institutions call in stock certificates and maybe get BBRY to have at least a 10% buyback, shorts will finally get to feel that bunching up feeling right in the shorts area. Can't happen soon enough for my liking!
Mismanaged company. Under priced stock. More assets than knows what to do with. New CEO wanting to make his mark... nothing there for Icahn to like? If Icahn doesn't get involved it's because either it's too small to interest him or it's because it's a Canadian company.
Haven't seen any paperwork showing insider purchases. Either they are complete morons (which is a possibility) or some offers are still being considered (that would stop insider purchases legally for a period of time). Take your pick!
My comment was meant to infer that some people actually PRETEND to be something that might be different than reality. Any high school student can make 200 posts per day trying to create a persona of success... even without a single real dollar at work.
Over the Internet anyone can be a player. Someone who does 1000 share blocks of a $6 stock can make more noise on a message board than Carl Icahn investing billions of dollars.
Didn't you read that some of the recent cash "burn" was actually used to acquire another company? That means cash burn was not anywhere near as bad as was reported. Must be that Canadian accounting. Look forward to future gains on this one!
Don't you know to whom you are talking? This guy has a college degree and experience on Wall Street. He bashes here constantly because, well... I don't know why he does it except to irritate people. He thinks the thousands of dollars he invests show that he knows more than people who actually work for a living.
If Fairfax and Mikey and maybe 1-2 other bigger holders called in their stock certificates, they would remove about 1/3 of the stock available to short. That would mean roughly 1 of every 2 remaining shares was shorted. We might get to witness another Volkswagon type of short squeeze! That would be a nice Christmas present for longs.
Wouldn't it be fun to watch if Carl Icahn came in with a little (for him) $300 - $450 million state? That's only 10-15%. Pocket change for Icahn and the chance to beat up more short sellers like Bill Ackerman in Herbalife.
Volume has been quite low lately. That's probably seasonal and will continue till early next year. Imagine if 140 M short shares had to close out in any meaningful numbers during a slow time like this!! It would be fun to watch :)
If they cut head count another 50% then it becomes cash flow positive even at current levels. I haven't figured it out to the last dollar of course but at some point the expenses are cut enough that the business doesn't have to grow in order to be sustainable.