10-16-13 05:56 PM
30 12
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  1. littlesharkfish's Avatar
    littlesharkfish
    Don't know if you guys noticed, at 1pm today someone purchased about 2.2 million, 2 million and 0.5 million shares. These 3 transaction seems to be 3 minutes apart. Just kind surprised no news related to this. Anyone curious?

    Posted via CB10
    10-15-13 07:07 PM
  2. qbnkelt's Avatar
    qbnkelt
    Yup. Someone's got brass....
    10-15-13 07:20 PM
  3. ubizmo's Avatar
    ubizmo
    It wasn't me.

    But it's certainly interesting. Who throws that kind of money at a company that is supposedly circling the drain?


    Swyped in Tapatalk
    10-15-13 07:32 PM
  4. kfh227's Avatar
    kfh227
    There is a seller you know

    Posted via CB10
    10-15-13 07:37 PM
  5. njblackberry's Avatar
    njblackberry
    Supposedly?
    10-15-13 07:40 PM
  6. OMGitworks's Avatar
    OMGitworks
    Shorts covering?? There are 130M+ more to cover

    Posted via CB10
    the_sleuth likes this.
    10-15-13 07:41 PM
  7. eldricho's Avatar
    eldricho
    Maybe Mike bought some more?
    But it does look like someone who has a lot of confidence tho

    Posted via CB10
    10-15-13 07:42 PM
  8. littlesharkfish's Avatar
    littlesharkfish
    Originally Posted by OMGitworks
    Shorts covering?? There are 130M+ more to cover

    Posted via CB10
    If it's a covering, one would imagining it would be a little low profile than this, after all, shorts wouldn't want to drive up the price.

    Posted via CB10
    fedakd likes this.
    10-15-13 07:56 PM
  9. birdman_38's Avatar
    birdman_38
    Originally Posted by littlesharkfish
    If it's a covering, one would imagining it would be a little low profile than this, after all, shorts wouldn't want to drive up the price.
    And the price hasn't risen.
    10-15-13 08:00 PM
  10. donmateo's Avatar
    donmateo
    Cerberus buying up a bunch of stake low before takeover.
    10-15-13 08:07 PM
  11. jacob763's Avatar
    jacob763
    Originally Posted by birdman_38
    And the price hasn't risen.
    But it did spike driving up the price they paid for the later shares, particularly the 0.5 million. If they were looking to cover that would have eaten into profits a bit .

    Posted via CB10
    10-15-13 08:23 PM
  12. slade632's Avatar
    slade632
    its could be someone looking to get a quick return on the stock if Fairfax goes through and purchases the common shares at $9 per share. And since it was such a small time frame the stock prices didn't get to spike on that one buyer... all speculation btw
    10-15-13 08:42 PM
  13. nabil114's Avatar
    nabil114
    How do you know it happened?
    10-15-13 09:02 PM
  14. OMGitworks's Avatar
    OMGitworks
    Originally Posted by nabil114
    How do you know it happened?
    You can see block trades. I still think it was institutional short covering. It really didn't move the shares that much. Probably Goldman covering at a client's expense. wink, wink.
    10-15-13 09:14 PM
  15. EarlofEltham's Avatar
    EarlofEltham
    Originally Posted by slade632
    its could be someone looking to get a quick return on the stock if Fairfax goes through and purchases the common shares at $9 per share. And since it was such a small time frame the stock prices didn't get to spike on that one buyer... all speculation btw
    Exactly, buy the shares a lower price than expected buyout figure, you make a profit.

    Similar to buying shares before a dividend is declared, collect the dividend then sell of the stock to buy the next round.
    slade632 likes this.
    10-15-13 09:27 PM
  16. Jimcmf's Avatar
    Jimcmf
    Circling the drain? What a looser comment that is.
    10-15-13 09:30 PM
  17. Tim Stanford's Avatar
    Tim Stanford
    Maybe those wanting to join the class action
    10-15-13 10:11 PM
  18. BBNation's Avatar
    BBNation
    For months it is battle among shorts. They keep shorting and coveribg often. Most big longs sold long time ago or still holding till end. In this process retails get slaughtered as they get sucked into trades and lose either way

    Posted via CB10
    10-15-13 10:21 PM
  19. Canuck671's Avatar
    Canuck671
    It was me. Ok. Mystery solved

    BlackBerry Z10.
    slade632 likes this.
    10-15-13 10:23 PM
  20. anon(1852343)'s Avatar
    anon(1852343)
    It was Thor selling



    Q10 running10.2.1.641 leak and loving it!
    10-15-13 10:24 PM
  21. Chris Umiastowski's Avatar
    Chris Umiastowski
    A trading desk crossed a bunch of stock. It happens all the time. Impossible to say if it's short covering, who the buyer and seller was, etc. Just remember that someone sold all this stock, just as someone else bought it. One person betting against, one person betting on BlackBerry.

    Just to put this in perspective, for a $1 billion fund to take a 1% position in a stock that's $10 million. So for someone to buy / sell $40 million of stock is no big deal for any fund managing a few billion bucks.
    OMGitworks likes this.
    10-16-13 12:24 PM
  22. birdman_38's Avatar
    birdman_38
    Chris Umiastowski!
    10-16-13 12:29 PM
  23. Bold_until_Hybrid_Comes's Avatar
    Bold_until_Hybrid_Comes
    Waterloo's Finest
    short covering
    10-16-13 12:29 PM
  24. sexybabe88's Avatar
    sexybabe88
    Originally Posted by Chris Umiastowski
    A trading desk crossed a bunch of stock. It happens all the time. Impossible to say if it's short covering, who the buyer and seller was, etc. Just remember that someone sold all this stock, just as someone else bought it. One person betting against, one person betting on BlackBerry.

    Just to put this in perspective, for a $1 billion fund to take a 1% position in a stock that's $10 million. So for someone to buy / sell $40 million of stock is no big deal for any fund managing a few billion bucks.
    not necessairly betting on imo.. especially if it is a short covering. the roi for the short is probably too low given the current price to net assets and there might be better opportunities elsewhere.
    10-16-13 12:41 PM
  25. digitladestined's Avatar
    digitladestined
    It shows strong confidence in Blackberry. Maybe they know something that we don't.

    Posted using my awesome Q10
    10-16-13 12:43 PM
30 12
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