I think what is holding it up is because Germany is dragging their feet about the merger . I think Germany was waiting for the earning release to see how the company was doing . After all, Germany did not want to let go of a technology that could fall in to wrong hands .
I believe we will get the OK within a month and we will get a partner also .
With security front and center , we saw increase of 5 million BBM subscribers which will shoot up a lot higher
Hedge fund is the short seller . They dump shares but they can dump so much .
Reason behind dropping a stock is to create panic and get people to sell . In this case they dropped the stock but no one panicked and no one sold that is why the volume was extremely light .
No one is crazy to sell a $20.00 stock at $9.00 . However, short sellers need to do something otherwise investors who have invested in this fund will withdraw their money once they see losses
Short sellers did their best to drop the stock but the pathetic volume confirms that no one showed up to sell .
Now what ? Short sellers are in big trouble and now they are learning that simply dropping the stock translate in to Bigger Loss for them
To do that just follow the short sellers . Every day they dump shares to break the stock down but the problem is no one sells . You can always drop a stock but if there is no sellers you end up as a big loser.
The short sellers are deep in red and when investors see negative return , they will pull their money out and as I said before this hedge fund will go out of business . That is why you see every day they dump shares because they have no other choice. Look at it this way that you are in the middle of ocean and you do not know how to swim . You do every thing possible to live
This hedge fund is finished and here is why .
If you notice each and every day the second the market opens, short sellers dump around 250K or 300K shares to establish a down trend and get others to sell but no one participate . Also notice that around closing time shorts again dump shares to show that the stock is not going any where to perhaps convince others to sell but again no one sells .
All these selling and dropping the stocks takes shares and only way to do that is either buy on the Ask and sell it lower or short more . That is why short interest is again rising .
So that is why short sellers are going all out and do whatever they can to drop the stock to get people to sell so that they can cover but as you can see no one is selling .
The stock is worth around $20.00 and selling under that is crazy
Every Quarter the company and most watchers experienced declining BBM subscribers and every one thought it will never end as people will leave the service .
However, this Quarter BBM subscribers actually increased by 5 million . That is a huge reversal . People are realizing that security is very important specially in third world countries where you can not trust any thing or any body or any organizations.
We are going lot higher . This type of such tight security is not easy to achieve and Apple & IBM deal confirms that Apple with more than 12,000 engineers could not get a foot in to the door for many years of attempts and finally had to ask for IBM help . That is embarrassing for Apple and fantastic news for BBRY
The analysts want to make a name for themselves and that is what Jim Cramer said also . Jim Cramer also said analysts should never release notes one day before earning unless they have solid data . In this case the analyst cited a Japan's poem . Is that research ? Really ?
Investors who sold based on a poem are True Idiots and I am glad they sold . Warren Buffet said you do not need Idiots in your stock
One day before Kohl's reported earning , an analyst downgraded the stock citing lower revenue . Investors rushed and sold the stock . Next morning Kohl reported better than expected revenue and also raised guidance and stock jumped 4.points. Jim Cramer made a fool out of the analyst for downgrading the stock without having any solid data to back his action.
Today we see the same thing . An analyst downgrade this stock based on his belief . Can you imagine that . The company has started hiring and has made two important acquisitions and the CEO has been very upbeat about this company and its future . Yet an analyst is taking a shot in the dark hoping to make a name for himself . Tomorrow morning we get the real deal from the CEO, some one who knows what is really happening instead of an analyst who " believe" what could possibly happen .
Per CNBC hedge funds are in trouble as one by one closing doors as investors are pulling their money out because of poor return .
Take the idiot fund that shorted this stock and held it as the stock rose . Pure stupidity .
Yesterday the short sellers piled in and drove the stock hoping they could crush it today but although they dumped massive shares they could not dropped it any more.
So what now ? They can not dump 27 Million Shares every day and you could see toward the end they dumped all they could . These Idiots are posed to pay a hefty price as we have not sold a share . The company is on track of turn around and we won't sell until $20.00
Passport is getting a fantastic review and Cnet tech guru said he loved it . This is just the beginning .
No doubt the company will very soon announce a strong partner and we also should get German's OK for merger
Look for short interest to be up
A while back Apple announced partnership with IBM to help Apple to be able to go after Enterprise accounts . Apple said they were trying to go after Enterprise since IOS 2 but were not able to do so and hopefully IBM can help and come up with software some time mid 2015 .
First, if IBM could help any one they would help themselves . Look at IBM stock chart and you see it has been going backwards . So not much can be expected from IBM . Yet the street sold BBRY on that news .
When MSFT announced that it will include a security/Anti virus with Windows 7 , the next day several analysts downgraded all security software companies such as Norton and etc and all fell sharply and as we know Intel later paid a 45% premium and bought MacAfee . Imagine how stupid the analysts looked later
Apple admitted that for many years they had worked to gain a foot in the Enterprise and just could not do that .
To me Apple should have put pride and IMO stupidity aside and bought BBRY . That way they had gained instant access to the Enterprise and did not have to waste time on tackling this task and finally degrade themselves by asking IBM to help them . When Chrysler wanted to get into road wrangler car they went ahead and bought Jeep and gained access to that market right away . Chrysler did not waste time and money on research and development of cars like jeep and finally go to GM for help .
So IMO Apple was just plain Stupid caused by Pride
Every morning the second the market opens short sellers dump shares to take the stock down and get people to sell but it fails . 5 minutes before closing again they dump shares to bring the stock down so that it does not run away . Short sellers are constantly buying shares at the higher price and selling them at a lower price But why ?. Because there are not any real sellers at these prices and each 10 cents the stock moves higher it means a loss of $9 million for short sellers . Also there is a high borrowing fee for this stock . When you add all these losses together, you see why they are desperate to find shares to cover .
This hedge fund is not using his own money shorting, he is using the money investors have given him to invest and make money .
Wait until investors get their annual statement and they be laughing at this stupid hedge fund who shorted a stock and kept it while the stock moved higher and higher in a market that is going higher every day .
Who in the right mind short anything in this strong market .
Each day that goes by, we get closer to Germany approving the merger which will push the stock lot higher and company announcing a partner will have double effects
IMO , the buyout will not come until the merger has taken place . The reason is the German government said they needed one month to approve the merger . So the company and the buyer is not going to rock the boat .
However, you can be assured that MSFT, Google, HP or even Dell are not going to sit idle and let Apple take a step in to Enterprise which is a very hot sector .
My thinking is that lots of stuff is happening behind closed doors such as Partnership , buyout etc and will all come unleashed after the merger has taken place.
So sit back and relax
I saw the video of it and it is great and classy . Stainless Steel frame with high resolution screen and wide with fantastic keyboard. A delight to type or read emails etc . I hate these phones you have to move left or right just to read your email
" Never met a short that didn't think he knew more than everybody else "
The problem is short sellers will never admit they are wrong . There was a time to short the stock but fundamentals have changed .
Look at the volume . 3 mil shares one hour before the market close. There are no sellers . Who would sell something worth $15.00+ at $9 or $13
1- The company just said that they are done with cost cutting and in fact they will be hiring . No company start hiring if the company is not financially sound.
2- The company announced that they are in talks to partner with another company
Short sellers know very well that the minute a partner is announced the stock will jump 2 points and will move higher from that point on .
With volume so thin, it is hard to cover 100 million shares shorted . That is why short sellers are desperately trying to drop the stock to hopefully get some people to sell .
Last Friday they wasted shares and drop the stock to $9.18 but buyers rushed in and so the attempt was failed. Now they are trying to keep it under $9.50 .
What about the Volume the volume is Not what you see and is a lot less . Short sellers are constantly buying shares on open market and selling it to the bid to send buyers away . They take a loss on these transactions but in comparison to the 100 million shares shorted , it is not very much . But loss is a loss and will add up
The stock will be $15 by the end of the year
Hedge Funds live by the money investors give them . Investors look for return on their investments and what happens when they see Negative return . They pull their money out which means they fire the hedge fund manager.
Today being last day short sellers had no choice but to drop the stock at any cost so that they do not look bad to their investors . But what are the investors going to see ? They see an Idiot who shorted a stock at a very low price and kept it while the stock moved higher . I would pull my money out and the investors would do the same unless they are looking for Negative return
That is exactly what I was saying . The shorts need real sellers who are absent .
They need to buy as many shares as they can today . Tomorrow will be a different story .
They know there is no stop loss @ #9.00 and they also know all weak hands have been shaken . In plain words there are NO SELLERS
Look at the volume . We did not sell . Only you, the short sellers , sold . So you sold shares cheap to create panic but failed, and now you will have no choice but to pay higher price for shares .
That my friend is pure " Stupidity "
Short sellers wasted millions and millions of share to get some people to sell but no one is selling except them .
Dropping the stock is not a big deal but if people don't sell then it will come back and bit you hard .
That is what is happening today .