Today short sellers tried to kill the stock and failed and wasted millions of shares by selling them below $15.00 , the story of their life , buy high sell low .
Nokia's new phone , Nokia 925, is nothing to write home about as it is the same as the 920 . So we can safely say they lost their edge and will further lose market share.
Apple apparently will not introduce a new phone in June and may do it in September . So why the delay ? Because if they released a phone today it would be like Iphone 5 and stock will tank
Today BBRY killed other SMS by offering free one and on a secure network . Who in the right mind will use anything else but this free service . And with the introduction of Channel , more and more users adapt to this new social and SMS . Also, new OS update offers HDR for the phone + host of other improvements.
So IMO , more people will move to Z10 & Q10 as there is nothing worthy on the market . And Samsung S4, well, it has so much bad reviews that after buying most people will return them and buy Z10
Stock is dropping on Borrowed shares . No smart people borrow money and constantly lose it to the house . That is a very stupid way of making or in this case losing money . 170 Mil shares shorted so far is not something to brag about especially when the stock is moving against short sellers .
Also check AH and you will see these Idiots selling 100 shares to the bid . That by itself proves this hedge fund is really stupid
Volume is too low which means there are no real sellers except short sellers who are in the red by $1.5 Billionnnnn Dollars and trying to drop the market . These Idiot always add to their short position on the way down instead of on the way up thus maximizing their losses
There is no doubt short sellers dumped shares to break the stock and tomorrow being the last day of period in which short sales will be included , the next reporting will show a jump in short interest
Short sellers dumped million of shares in a matter of seconds to break the stock and give the impression that the stock is breaking down and fool others to sell .
With 170 mil shares shorted , short sellers have a lot to lose especially when they have shorted the stock around $7.00
You can bet short interest will be up next reporting
A week ago an analyst , who I believe was paid by hedge fund, issued a note telling investors that production cut was " Imminent ". Imminent means something that will take place within hours or days . But nothing happened .
So did this analyst who had lied before lied again by fabricating a note
Verizon Wireless CEO, Dan Mead " Mobile Industry Needs A Healthy BlackBerry"
" We think that there is an important place for BlackBerry ," Mead told attendees of the Jefferies 2013 Global Technology, Media and Telecom Conference this week . Mead said Verizon is seeing decent customer interest in BlackBerry's new handsets and think it will only improve with the launch of the BlackBerry Q10 .
" We have a lot of BlackBerry customers on our network," he said " There seems to be a hunger for the QWERT keyboard."
May be some time in July. Company will have to announce it . Last year the window was very short and they could follow the same this year . Your shares will be called in by your broker once they know when it is and your broker will send you the proxy
Reviews are getting worse for Samsung S4 . The tides are turning against S4 and people are shying away and instead buying the Z10 .
I have said it many times the S4 is a toy, then article after article called it a toy . 90.0% of the features on that phone will have to be turned off or the phone does not function right .
You are very right as people who go to stores will check Z10 also and will realize the virtual keyboard on Z10 is quite different fro Apple and Samsung .
Business Insider has an article in today's edition which practically has trashed Samsung especially the S4 .
" Samsung's Galaxy S4 is worse than the HTC One, per Kovach. He's not alone in his assessment. It was pretty much the consensus. "
It looks like every reviewer is agreeing . Time for Samsung to step aside because a new kid is in town .
I have said it before that both Samsung and Apple are in trouble because they do not have a solid OS that is built to support future innovations . QNX is the only OS on this planet to bring about innovations we have not heard about
CNBC and Jim Cramer are calling hedge funds Idiots for shorting stocks in this market .
I agree with them as it is really stupid to short any stock , especially BBRY, right now . The Fed has said that they will be pouring money into this market for as long as it takes . So one should be an Idiot to short any thing .
Also regarding this company we saw that the government of Canada lent $200 mill dollars to telefonica so that Telefonica can sell the Z10 to its customers . That by itself should have alarmed the short sellers and warned them that the government is behind this company.
Yet short sellers pay cheap analysts to issue fuzzy reports which has no facts .
In my Costco they have built a very classy showcase for the Z10 only which is in the main traffic path and display three Z10 with lighted sign on the top which says Blackberry. Around 6 feet down the corner is a kiosk that displays all other phones .
The mere fact that Costco has allocated separate space and built a show case for the Z10 is a huge endorsement for the Z10
It is up to the investors to be smart and patient . Company should Not release any numbers now or to make any comments any time an Idiot analyst make a stupid comment .
Investigations take time and those found guilty will pay a hefty price .
Put everything in perspective . This company , in only two years , has built the most stable and powerful OS in the world, did cut $1 billion from expenses, introduced two killer phones , reported profit instead of loss every one expected .
Now take Samsung . It built an OS and trashed it and then tried to build another one , Tizan, in cooperation with Intel, and still could not do that .
Now take Apple . Do you know how many years it took Apple to introduce first Iphone and to this date the latest Iphone 5 has problem . The WiFi does not work and that means you have to use data for everything and you know how expensive that can get .
This company has accomplished in two years what took Apple 12 years and yet Z10 is far superior to Iphone 5
Here is why you are wrong on this particular stock :
1- $3 Billion in Cash
2- No debt
3- Best OS on earth according to reviews
4- New phones compete with latest phones from Apple and Samsung .
5- Past several years hedge funds have not made money and in fact some closed shop and left
6- Hedge funds are funded by investors and thus they are losing someone else's money
7- Did this hedge fund used his personal money and shorted the stock and rode it up 7 points and did not cover ? Of course Not
He is very rich and he did not get there by luck. He bought it at around $17.00 because he saw great value . Investors like him do not buy a stock for a point or so , they go for the kill and make billions . So I am with him
majority of the shares were shorted in low single digit . Then they added around $12.00 , $13.00, and $14.00 too prevent the stock from going higher . When new figures are released in two days it should show if they shorted in high $14.00 . Whoever shorted at $17.00 or so covered and left as it did not show in the short interest .
If we analyze the volume we can safely say that half the volume is day trader and short sellers buying the stock and selling it to the bidders + shorting more . So average volume of 25 mil shares is actually 13 mil shares you can count on . So on 170 mil shares shorted , it would take around 13 days to cover that is if the buy all shares on the ASK & BID side . Also when a stock trades in a narrow range that spells trouble for short sellers as people get comfortable buying the stock . When you add all these data together you realize that a positive event will have a
strong effect on the stock . Yes they can short more but the situation will get worse for them .
You want to short a stock where fundamentals get weaker and not stronger . Another thing is Pride . This hedge fund will look like a fool in front of his employees if he covers now . No one wants to admit mistake . My guess is the short interest will go to 200 mil and then covering will happen .
Hedge funds and other investors pay analysts for their opinion and mostly follow them . When the stock was in single digits many analysts put out reports that the company may go below $5.00 and investors listened and shorted all they could based on those opinions .Fast forward the company started improving and before you know it company announced Z10 a killer phone and last Q company reported a profit .. What a profit .? No one expected that and thus stock moved against the short sellers . During this time these analysts' research notes or what I call "jokes" started to hit the wires to get people to sell and drop the stock to help short sellers and , more importantly, save their faces One analyst cut his phone sales estimate from 1.7 mil to only 300K . After 5 days he raised it to 900k .
all research notes have " We Believe " which means nothing but why are they releasing these notes now .
Company told us that next week they will have positive news for us .. The sell side analysts and short sellers do Not want to hear any good news . Good news to them is like sunlight and Dracula .
Today low volume means short sellers are frightened and are trying to manipulate the stock to get weak hands to sell .
Watch AH as they will try tricks after tricks because shorts are in the red by $1.5 Billion Dollars
Company has several things going for them
1- $3 Billion in Cash
2-The best OS in the world
3- Killer phones
4- No debt
5- Any good news fortifies its foundation
When shorts cover at a loss they need to register that loss . In this case the loss is in the $Billions and investors will pull their money out of this fund. So before getting to this events, they dump shares in cooperation with houses who have issued negative reports to create panic to pick up shares .
Look at today in half an hour around 17 million shares were dumped and now no volume . The stock was trading in a narrow range with no volume which is dangerous for shorts as that indicate no one selling .
I said in my post be careful as shorts will dump shares .
There is no work around . You have to be in possession of the shares to vote . If your shares are lent out they will be called in