Same thing with NOK and ALU
I rode ALU from 1.75 to 1.3 and sold too early in high 2's. Stock now 4.51
Although I traded NOK a couple of times profitably, I completely missed MEGA run from 3 to 8.
Trust me, NEVER NEVER take any action based on STUPID analyst calls.
another irony of life.
analyst community should be highly regulated, but they are not. they make obscene amount of money making stupid untimely calls that burn uninformed investors.
Just a quick Google search on 'BBRY and Ehud Gelblum' reveals following
Analyst was very bearish last year in June 25, 2012 BBRY price back then 9. We know what happened after that. Stock almost doubled.
Then he was very bullish in March this year on 3/20/2013, raised price target to 22, stock at that time was 16
we know what happened since then. Stock lost 70% of the value
What a joke ! IMO
Go figure yourself
Actually patents + BBM + MDM + Enterprise network now valued anywhere between negative 2-3 billion.
(depending upon cash burn this Q)
Even if they burn another 500 million cash this quarter, that will still leave them $3 billion not taking into account potential 1 billion tax recovery. They have another at least $2 billion in real estate assets.
When people decide to sell for tax loss, you never know how ridiculous it could get.
That 385 was at a time when market was predicting Apple's demise by the hands of Samsung. That was the panic low. That is the reason why we got a quick bounce to 475 area.
Apple could stop this nonsense by keeping markets well informed and more importantly making things happen faster. How long they took to come up with recent enhancements? How long is CM deal being talked about.
On these developments
Super strong new Ipad sales
Iphone 5s supply chain issues resolved
strong broader stock market
Why are articles saying CM deal is either priced in or does not matter much appearing now?
Negative articles popping up now undermining CM deal.
When is Apple going to stop this nonsense?
My question for AAPL management
How does GOOG go up every freaking day? and at all time high?
Has anybody noticed dearth of press releases since last earnings report?
Has Apple completely stopped talking to investors?
No word on ipad numbers
No word on China mobile
No word on Itunes and iPayment initiatives
This is becoming very frustrating and investors are left with hedge fund rumors and speculation to make any decision.