This stock is now going to run up into earnings. And then the shorts will use earnings as an excuse to drop it 25% for the news media to create the illusion that the company is struggling when BBRY will indeed post a Q4 profit.
The German government order of 5,000 phones was bigger than anything Savitz and Ray came up with today, but we all know they're just payed short henchmen.
$18 by March 28th
And Blackberries are still really popular there. Most Third world countries still use Blackberry's in droves because they are cheap and work on their networks very well. iPhone, Z10, and Galaxy are light years ahead of what is prominent in developing countries.
But The older model blackberry's work well for developing nations because they stiull have basic functionality and reliability with the cost a fraction of what the leading phones of the day cost.
It's just that now Blackberry is positioned to reclaim the sought after high end market. I have no doubt in my mind that they will continue to sell BB7 devices in the millions for the forseeable future.
Ah Joelew, how you doing?
I went long again, this puppy is way oversold. Looking for a 50% pop in the next couple weeks running up to earnings. Call me crazy :)
Keep dreaming, that's not why I invested in BBRY again.
I invested because short interest is still sky high and downside is limitted because there is still a substantial asset value bottom that BBRY holds. The have zero debt and are still trading below book value.
There is more risk on the short side than on the long side.
Like the Pink Floyd song I have become "Comfortably long"
Isn't that the same dufus that came out with a downgrade to $6 the same week the stock went from $12-$18?
There is like 136,000,000 shares short. I sold at $18. I bought back today.
I will sell to a stupid short that has to cover at $18 again. maybe $20 this time.
No offense but Guam is in the middle of nowhere. I wouldn't take your market insight into consideration solely because of your isolation.
BBRY will surprise people.
Maybe but short interest will probably climb to 150 million if that happens...
Keep digging the hole.
I guess nobody should have made a computer after the tandy 3000 either
I don't watch Movies on my tablet let alone my phone. What type of narcissistic #$%$ thinks that watching movies on your phone is important? Nobody cares.
And Z10 still costs more than an S3 on contract, does that mean Samsung is going out of business too?
Meltdown? I sold at $18, and I am going to do it again.
Thanks for your money Idiot! I have your money!