Will the stock go lower?

**hoopitz** · 02-26-2013, 11:12 AM

I know this is the ignorant, age old stock question, but I am more so looking for opinions as to why you think it will or won't. I'm thinking of buying some more shares and any advise would be great!

**greggebhardt** · 02-26-2013, 11:16 AM

There is always a chance it will go even lower. Some are talking in the $10-$11 dollar range.

Take your time as if it does go up it will be closer to the US introduction which is a little way off. Good luck

**peter9477** · 02-26-2013, 01:07 PM

hoopitz, what's your expected timeframe for holding the stock, if you buy? Are you trying to do some short-term market timing, or medium term (e.g. hold for some months) or longer term (hold for a year or more)?

(You probably know already where I'm headed with that. :-) )

**Thunderbuck** · 02-26-2013, 01:15 PM

ANY stock can lose value. Just ask the Apple shareholders last year who were hearing glowing analyst predictions of $1,100 share prices, only to see a 20% drop.

BB isn't out of the woods yet; there's all kinds of bad news that can trigger a selloff, and not all of it is in the company's control. Because there are so many unknowns surrounding the company and such a scary management record before Heins took over, sentiment drives this stock a lot more than many others. So, BBRY is sensitive to news. VERY sensitive.

All that said, I could see it dip down to the $12 level before it begins to take off again, but I'm confident that the Z10 will get a relatively warm reception in the US when it launches next month. I PERSONALLY think it's still a good value even right now, with the potential it might dip a bit over the next 6-8 weeks. I've seen some analysts say with a straight face that they can see this stock trading over $40 by year's end. My personal, total wild guess is that it could be worth as much as $100 by the end of 2014.

**Luke Barrie** · 02-26-2013, 02:51 PM

I bought in way back at $9.50, and have taken call options in the last few days for march and april in the $14-16 range.

The options may have been a bad move, as the stock has dipped several percent since and shows signs of going lower until real numbers come out. That said, i could see this bottoming out to $12, but any lower would require BAD numbers to release.

**unbreakablej** · 02-26-2013, 06:40 PM

God I bought it at $11,16 and 17. Very worried now pls don't drop further!

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**Sqoon** · 02-26-2013, 09:19 PM

Originally Posted by unbreakablej

God I bought it at $11,16 and 17. Very worried now pls don't drop further!

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It doesn't work that way otherwise I would never lose money.
Look at your cost and think on this, "knowing what I know now, would I buy at this price? ". If yes, then don't check the ticker for four months.

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**dbmalloy** · 02-26-2013, 09:46 PM

I would only invest in a tech stock if I was in a position to actually afford to lose said money... Same principle as when I gamble,,,,, I only gamble what I can afford to lose.... remember... stocks most times are a gamble at best....

**lcjr** · 02-26-2013, 09:55 PM

Yes. It will go lower.

**hoopitz** · 02-27-2013, 01:33 AM

Thanks for the input, everyone.

@peter - yeah, I'm probably looking to hold onto it for a while, so i suppose if i "overpay" a buck a share and it goes up like i anticipate it to, not a big deal.

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**unbreakablej** · 02-27-2013, 04:52 AM

I can afford to lose but I obviously don't want to. Anyway I bought them to hold but seeing the price drops this way does get one worried.

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**sparkaction** · 02-27-2013, 09:37 AM

Yes, it can go lower. Here is my reason. We have yet to see "Blood in the Streets". If the stock drops into the $9 to $11 range I am forecasting investor capitulation.

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