Wrong again. Blackberry has whats called decay. A long weekend has to be factored inito the share price as options are. 3 days of resting means BBRY will be much lower on Tuesday. Thanks for your money.
The desert here is the sweetest part of this mess!
I covered all my VXX gains, getting ready for the next rise to do it again. 1% of my proceeds are going to a Barclays for Christmas! ;)
Excerpt from my newsletter of October 1st.
" This status quo has allowed the United States to balloon their deficits and credit into the stratosphere without any checks or balances. It is the innate privileged luxury of a Country which represents the Reserve Currency. We all require the World’s Reserve currency to exist or we will not have any form of measurement to discover actual value! And here lies the problem. As a crisis approaches it is now a natural instinct for anyone who manages money to buy and hold US Dollars and sell everything else. The rational thought behind the maneuver is quite obvious. If the system experiences stress or possible failure then all other things measured by US Dollars will collapse first leaving the actual US Dollar itself to fail last, like a game of dominos. It is that simple. Gold does not even have its own value besides being measured in US dollars. Everyone knows this but you have to take a step back to understand what it really means."
" Ironically the crisis that has now appeared is the questionable integrity of the US Dollar itself! A $16.9 Trillion debt, a Government shut down and a complete inability to govern the Country of the Global Reserve Currency. However the capitalist play is still the same. Gold, oil, copper, wheat, soybeans, and milk amongst everything else that has real value and substance is sold, and US dollars, US stocks and US bonds are bought against a common sense understanding that the products one is buying are the actual underlying assets of a currency that is unsustainable! The horse-into-the-burning-barn trade! You have to love capital markets. They literally are the opposite of the human condition and common sense for that matter."
Interactive is the ONLY platform to do so in Canada and if you are not using it you should be switching anyway. Nothing compares for professional pseudo-professional traders. Currency exchange, fund transfers, features, entry are not even comparable.
As for JCP yes I have decided to play with fire with the simple concept that this American Brand will never be allowed to fail. And they are financed for at least the next year with out worry.
Higher pre-market is how I shorted 70% of my trades! ;) Thanks! I may add today but I am content as of now to be in the short game on BBRY when all this non-sense is revealed and the rug is pulled.
Deals are pretty much straight forward even the DELL deal, things that begin like this do not end pretty.
I hope it keeps ticking higher, means a higher short entry for the inevitable drop. Just like the debt ceiling will be raised because it is an absolute given, so is the failure of this BBRY prop-up they have orchestrated to stem the slide artificially.
It will continue, one morning you wake up and it will be $5. or lower.
Watch into the end of the year we will cruise through DOW 16,000 on our way to 18,000 and higher. Minting millionaires by the day. Any of us who trade should be thankful every day that we were able to participate at this point in human history. It really has changed many peoples lives. Made poorer the ones who do not get it though and wish for morality and accountability! Hahahaha
For a huge nice gain and will do it all over again as we possibly rise into the next crisis. What a gift! God bless Barclays!!!
There were higher highs and higher lows from January until june. We know how that turned out. Your 6 days prove nothing. BBRY is headed lower and I am slowly building my short for the next plunge when the deal is pulled and Lazaridis and Watsa try to buy it for $5 or less.
If the idiot market is dumb enough to give them it at that price why not?
Hahahah buddy you obviously do not trade for a living this is about to go red. It means the bid will be coming in lower. You do not want to pay more for a company you want to pay less.
You guys are the funniest bunch EVER! Yep I am worried. I literally have a smidge of BBRY short right now just to say I rode it all the way to the last big drop. I have made my money and am enjoying the show. I just bought a ticket to the end of the (BBRY) World thriller.
Yes sure, the world will be destroyed and all the financial institutions of the World will begin to burn and a nuclear holocaust will consume the planet.
How about the sun will come up tomorrow just like all other things in human history and there will be a better day. That is my bet. Short VXX. Thanks though for your money! Much appreciated.
Where they can linger and probably survive, cut staff, cut it all and hopefully someday they will come up with a nice product...and then it can go to $20....even 10 years down the road.
Can someone send a shout out to spensergirls on Stock Twits, tell her Wes said hi! ;) Suuuccckkkker.
12% in two days. Magnificent. I made some bond head trades this year but you can always come back to the bank of VXX for a top-up.
as yesterday, this deal is going to fail and there will be a nice drop to $5's or so. Seems like a no brainer to me. The fall is still not done.