When your sell borrow 200 million shares and immediately sell them on the open market it does.
$20 that BBRY ends up on the SHO Reg List before the end of the year.
It's about time this stock is labeled as a thresehold security
Share price has nothing to do with relationship of other stocks. BBRY could issue a reverse split of 1 for 10 and the stock could be $57.50 tomorrow. Like wise Nokia could do a split tomorrow and say its a 10 for 1 split which would make it $0.80/share...
If you were to say Blackberry deserves a market capitalization of greater than $3 billion. I would agree. And Nokia is over-valued at $29.7 Billion. There is no way Nokia is 10x the company Blackberry is.
For some reason Mr. Market wants Blackberry to go away. But the stock and company still have some fight left.
Things are never as bad as what the media makes it out to be. Blackberry will still have 2+ Billion in cash and assets of over 3 Billion depending on who you ask.
It's trading about 60% of tangible book value right now.
If BBM shows signs of Growth, it could be as valuable as Twitter of Facebook someday if they have more people using it.
Just when you think the lights are gonna turn off, companies can suprise.
I know the risks here, but I think the potential for reward is to great to ignore.
I'm long 2,000 shares average price is about $8. My target is $15.
I expect it to hit that by mid May
Until the truth comes out, then it will be very bad for shorts.
Heh. Actually in that math equation he used they were regarded as "safe"
I wouldn't count on tax refunds as Cash. It's reasonable to assume that they'll be able to maintain $2.6 billion.
They'll maybe brag about it's size.
The cool factor will die off. Nobody brags about how "cool" their TV is anymore.