I don't disagree that the Layoffs should have been more, but when it comes to marketing BBRY had a significant amount less at their disposal than even Nokia does. Sure their were some mistakes, but it didn't help that every two bit analyst and tv commentator on the street has been saying this company is dead for nearly 2 years.
Z10 was bigger than an iPhone 4S and iPhone 5. It looked to compete with the Galaxy, iPhone, HTC and the like touch screen phones.
They did market the phone, but Blackberry simply can't have as big an advertising budget as Apple, Google, Samsung, Microsoft, or even Nokia.
The 40% layoffs happened before when this company had 15,000 people. It took quite a few to market the BB10 product.
The lack of apps is likely because Apple and Google likely collude in certain instances to ensure their platforms are the ones supported.
There was lots of carrier support
The warning was stupid
The BBM halt is suspicious, but the "bug" is possible, but I think they just pulled it incase there was actual valued their its better to keep it hidden
they didn't lie, they changed the accounting method which obviously made it seem worse than it really is. q2 is likely the slowest quarter for BBRY and all phone companies is over the summer. They chanegd the reporting to sold units instead of shipped. And using a writedown to create a big loss. The income statement is gonna suffer but once the balance sheet comes out on Friday it's going to look a lot more clear that this company is still in fine financial shape and Prem could sell everything off and end up with well in excess of $4.7 billion.
These short #$%$ on here don't know anything.
I disagree, I'll bet that short interest is higher than 150 million. You greedy #$%$ don't know when to stop.
You salivate at the prospect of $5
Fancy accounting is making it seem worse than it is. Shipped units only missed by a narrow margin, Sold Units is 3.7 Million and is being paraded as Shipped units
they are shorting to try and get people to cover under $9
Some idiot investors are going to fall for this and sell, but BBRY will be sold well higher than the current price.
First of all, most BBRY longs think $9 is a rip off for shareholders. I seriously doubt that there is large covering going on. Just more shorting, more arrogance, and sooner or later I will get my short squeeze, because things aren't in as dire straights as what is made out to be
the only reason it is currently trading this low is shorts are trying to cover as many shares as possible at this level by shorting more and scaring investors into selling
200 Million shorts, what happens if a news release comes out that states financing is in place?
Which is quite likely considering Watsa owns a company worth $35 Billion
I think Shorts likely had a hand in the share price destruction. They wanted them gone for good. The stock pick was bad, but I do seriously believe BBRY has a good product. They have bad marketing for BB10 though and nobody in their corner. I would have expected a company like HTC to be on board by now with the market share they've lost as well. It was an oversight on my part. But instead of selling at $9, I'm waiting it out because .... Obviously I think there is potential for this stock to go back up. I was right before, and I'll be right again. Just wait it out. But keep in mind I am only playing with a small percentage of my money. Most of it is in my Company, House, Property, etc.. What I have in Blackberry is peanuts. This board is just so damn entertaining.
What because I made a bad pick on this stock. I know exactly what I'm talking about. Explain to me what I don't know.
What I am thinking right now is companies like LNKD, GRPN are great potential shorts because their valuations are astronimically high and I doubt the will ever live up to their expectations. But instead of shorting I would more likely be a buyer of put contracts.
As for Blackberry, it was a great short for a lot of years, and I missed it. Instead I went for a pump and dump, and it worked well up until I bought it at $13 and now it is down to it's current level.
But right now most of my money 75% is in stocks with a 5% yield.
The uptick rule prevented hedge funds and other professional traders from pushing the stock down by shorting, more shorting, and shorting again. Without the protection of the uptick rule, once a stock is selected by short sellers its fate is sealed. When market participants see an otherwise desirable stock plunging at the hands of short sellers, they become wary and afraid there is something seriously wrong at the company. In self defense, they sell their stocks and take their money out of the market. As this type of selling spreads, panic becomes rampant throughout the entire market. This is the kind of panic selling we have seen in the U.S. and world markets since September of this year.
The withdrawal of the uptick rule followed on the heals of the defeat of the efforts by the Bush administration to put Social Security funds into the market, an initiative that would have assured even more money for those in the know to grab when the lights went out on Wall Street. On July 6, 2007, the day the uptick rule was repealed, the Dow Jones Industrial Average stood at 13,611, just three months away from its all-time high of 14,198. The timing of the repeal was absolutely perfect. Repeal of the uptick rule sent a clear signal to anyone paying attention that the party was now over and it was time to establish a short position to be sure of benefiting from the market's coming drop.
The uptick rule was established after the great market crash of 1929 to restrict short selling by permitting short sales only following a trade where the traded price was higher than the previously traded price (uptick). Think of a stock that was trading at $100 per share with the last two trades at $99.75 and $99.50. Under the rule, anyone wanting to place a short sale of this stock would have to wait for an uptick – a trade that took the stock up from $99.50 to $99.75. The short sale could only be executed when this uptick had occurred. The uptick of a stock price is a signal that for almost all sellers, there are eager buyers.
Put into place to stabilize the marketplace after the extreme market instability that occurred at the beginning of the Great Depression, the job of the uptick rule was to keep the market from plummeting downward as one short seller piled on top of another. Without it, the first short seller could execute his trade at $99.50, the next at $99.00, the next at $98.50 and so on down. When short sellers smell fresh blood such as that, they rush in to capitalize on it. Without the uptick rule, short sale following on top of short sale can be executed until the price of the stock goes into a nosedive. In markets that are trading down anyway, the absence of the uptick rule assures a death spiral for any stock where short sellers decide to pool.