The discount this stock is getting because of Egypt is pretty big. If he did sell it off it would for sure pop. Thank God he feels strongly about Egypt and the nice people will sit down and write a constitution and play together nicely.
cummingbass are you catching this!! I knew it I knew it! ;) I will let you in on the secret I had heard....I did not know it could be Ichann but some brokers changed their margin requirements for BBRY this week and last, and altered concentration caps as well.
They needed to cause some selling so they could in fact buy it or cover their positions. I am convinced they knew what was occuring! Carl is not invisible and he would have given signs through entities of his purchase. That was why I built more cash up and put it on BBRY. But you have to have a lot of ears to find this stuff out! ;)
I do not trust any of them. There are always reasons for peoples actions. You just have to discover what that reason was so I went heavier than I already was!
Thank God for this guy. Reminds me of Wesley Snipes when he decided he did not have to pay taxes and went to court to prove it.
He was not able to prove it and went to jail but you have to admire the conviction but to follow him into a black hole is plain stupid. Like Moses leading the blind and not parting the waters first while he puts on his Scuba Gear! hehehe
The cheerleading has really brought the retail sucker into this one. If you listen to management and the metrics you would not feel so happy. But I do! ;)
Um $50 from $68 is/was quite probable and still is. $80 to $120 is like you said, "hahah".
In limited fashion hehe. I am sure they are checking the sources to make sure it is legit but cutting blackberry manufacturing was so obviously realistic that it was pumped out through the reuters network is 5 seconds. At least you know you are going to make money with this thing and just let it stew.
Nice job punbr, you remained impartial and took your bag of loot! The move from 67 to 80 was impressive and decisiive as I was saying. I hope its my turn now. ;) Again.
There's the BBRY I know! Hehe spaghetti legged stock. It will find some courage soon enough. Follow the yellow brick road, follow the
I think this was a gift this morning. I would watch it carefully. I think it is going to belly flop in the weeks to come. It will be the third short on this name since the beginning of the year. It could be the gift that keeps on giving. But the long side was nice from 67-80. Very pleased I covered! ;)
Hehehe no short covering my friend. Just scaling into the position with this mindless cheerleading. You do know the buy back will not be paid for with cash right? They do not have any!! :(
I have no fear here considering its BETA and the position of the market, in fact I can not believe I really am going to be able to do this 3 times!!!
Oh believe me I am not covering hehe. APA is a cooked goose. I am 1000 shares shy now of my "all-in bet" . I really think I am goinb to get to do this three times. I added 1000 at $79 and 1000 at $81 so I feel pretty good here. I am now in 8000.
Yes I have added to my BBRY when I left VXX and yes I am expecting a move soon with it. I have noticed some instituional adjustments and behind the scenes risk model changes with some brokers. Something is brewing.
That is 10% per week trading this thing. Same as May June July of last year....I had it short for the longest time but below $10 was where I made the most money. I Remember one period in particular where I did it 11 times in a row.
I am long BBRY. ;) now
I think VXX is a good bet at this moment. It has barely budged with contango, roll, and up trending markets. That is notable to say the least. If you MUST own VXX, now is not a bad time I feel.
Dag nabbit, I would have got away with it too if it wasn't for you meddeling kids! today will be a wash by thje looks of it but I did add to the position and I am almost fully back in. I hm happy for the ones who bought in the high 60's that is for sure! No sore loser here, that is a nice take, quick and decisive!
Now its my turn. ;)