Page 1 of 3 123 LastLast
Results 1 to 25 of 54
Like Tree60Likes
  1. Brianflys's Avatar
    CrackBerry Addict

    Posts
    757 Posts
    Global Posts
    769 Global Posts
    Thread AuthorThread Author   #1  

    Default MarketWatch confirms attempted Market Manipulation

    Interesting article in MarketWatch. Positive article. "Fresh Blackberry buzz drives RIM shares up"

    What was interesting is the part about BMO attempting to manipulate the market with its "underperform" rating. The article says that the rating was intended to "push the shares down". Sounds like an attempt to manipulate the stock price with a bogus rating. BMO should be sanctioned for this behavoir. And fortunately it did not work.

    Fresh BlackBerry buzz drives RIM shares up - The Tell - MarketWatch

    Another factor adding to the day’s boost may have been some short-covering by investors. BMO Capital Markets downgraded RIM to an underperform rating before the opening bell, with analyst Tim Long saying “we are not expecting the new phones to stem market share losses.”

    Mike Walkley, an analyst with competing brokerage Canaccord Genuity, told MarketWatch that some investors who had heavily shorted the stock prior to the downgrade may have scrambled when the ratings change failed to push the shares down.
    Thanked by 4:
    00stryder (01-12-2013),  bigbadben10 (01-11-2013),  rickster21 (01-13-2013),  Superfly_FR (01-11-2013) 
  2. Bold_until_Hybrid_Comes's Avatar
    Waterloo's Finest

    Posts
    5,295 Posts
    Global Posts
    5,324 Global Posts
    #2  

    Default

    Well, well, well looks like its a reality not a conspiracy.
    Phones: Nokia 5110>Nokia 3360>Siemens C56>Moto RAZR>LG Chocolate>Pearl 8100>Bold 9000 >Pearl 9100 + Bold 9900 > iPhone 4S + Z10 + Bold 9000
    Tablets: 16GB Playbook > Playbook 32GB
    __________________________________________________ _________________________

    CLICK HERE TO JOIN THE SEXY GIRLS IN YOGA PANTS CHANNEL

    C000288CC
    __________________________________________________ ___________________________
    Thanked by 4:
    Bobcat665 (01-12-2013),  DJM626 (01-11-2013),  Lehomer (01-11-2013),  Superfly_FR (01-11-2013) 
  3. Acumenight's Avatar
    CrackBerry Abuser

    Posts
    277 Posts
    Global Posts
    278 Global Posts
    #3  

    Default

    Sigh... Sad but true.

    Thanked by 7:
    bigbadben10 (01-11-2013),  blusls (01-13-2013),  ibpluto (01-12-2013),  Knightcrawler (01-14-2013),  Snap51 (01-11-2013),  Stewartj1 (01-11-2013),  tmurphx5 (01-12-2013) 
    xiaohuaxing likes this.
  4. Superfly_FR's Avatar

    Posts
    9,316 Posts
    Global Posts
    9,327 Global Posts
    PIN
    Hey, what did you expect ?
    #4  

    Default

    Quote Originally Posted by Acumenight View Post
    Sigh... Sad but true.
    Thanks I was searching for this lately.
    Join my BBM Channel : C00035FA6
    "I speak English like a Spanish Cow"
    I'm a StockBerrian, proudly holding 50 150 250 400 550 1000 BlackBerry shares
  5. BThunderW's Avatar
    CrackBerry Addict

    Posts
    821 Posts
    #5  

    Default

    It was obvious in the first hours of the trading. BMO was buying shares like there was no tomorrow.

    Besides. BMO downgrading RIM two weeks before new product launch after a profitable quarter smells a bit fishy.

    MarketWatch confirms attempted Market Manipulation-bmo3.png
    Thanked by 4:
    416to604 (01-12-2013),  Acumenight (01-11-2013),  goku_vegeta (01-13-2013),  rcheung135 (01-12-2013) 
  6. mrfreetruth's Avatar
    Banned

    Posts
    870 Posts
    #6  

    Default

    This is not news for those who understand reality. For the haters I see you are avoiding the topic for obvious reasons.
    Thanked by:
    rotorwrench (01-13-2013) 
    xiaohuaxing likes this.
  7. MoolahMitch's Avatar
    CrackBerry Abuser

    Posts
    315 Posts
    Global Posts
    316 Global Posts
    #7  

    Default

    Enjoyed every minute of their failed attempt
    Regards,

    Moolah Mitch

    Z10 STL100-3/10.1.0.2354
    Playbook 16G 2.1.0.1526
    Playbook 64G 2.1.0.1526
  8. Andrew4life's Avatar
    CrackBerry Genius

    Posts
    2,676 Posts
    Global Posts
    2,677 Global Posts
    #8  

    Default

    Quote Originally Posted by BThunderW View Post
    It was obvious in the first hours of the trading. BMO was buying shares like there was no tomorrow.

    Besides. BMO downgrading RIM two weeks before new product launch after a profitable quarter smells a bit fishy.
    Not to mention this was just after a downgrade that was just 2 weeks ago with no big news coming up in between.
  9. Superfly_FR's Avatar

    Posts
    9,316 Posts
    Global Posts
    9,327 Global Posts
    PIN
    Hey, what did you expect ?
    #9  

    Default

    Sincerely hope someone have the balls to sue these guys.
    Attached Thumbnails Attached Thumbnails MarketWatch confirms attempted Market Manipulation-capture.png  
    Join my BBM Channel : C00035FA6
    "I speak English like a Spanish Cow"
    I'm a StockBerrian, proudly holding 50 150 250 400 550 1000 BlackBerry shares
    spike12 and G-bone like this.
  10. BBNation's Avatar
    CrackBerry Addict

    Posts
    840 Posts
    #10  

    Default

    Should hit $15 by the end of next week. Why the **** one would downgrade now, 2 weeks of prior to release of bb10 so they can buy cheap ? Even people that shorted this morning after the downgrade should have paid dearly..go rim go..
  11. jonty12's Avatar
    CrackBerry Genius

    Posts
    1,661 Posts
    Global Posts
    1,662 Global Posts
    PIN
    333BCCA7
    #11  

    Default

    Quote Originally Posted by Superfly_FR View Post
    Sincerely hope someone have the balls to sue these guys.
    Antoine, off topic completely, but why cover your surname when we can see your twitter handle (and thus your surname simply by searching for you on Twitter)? If you want too keep your surname hidden, you should hide your handle too.
    shupor, Banco and Toodeurep like this.
  12. BThunderW's Avatar
    CrackBerry Addict

    Posts
    821 Posts
    #12  

    Default

    He's got you there

    Quote Originally Posted by jonty12 View Post
    Antoine, off topic completely, but why cover your surname when we can see your twitter handle (and thus your surname simply by searching for you on Twitter)? If you want too keep your surname hidden, you should hide your handle too.
  13. Shanerredflag's Avatar
    CrackBerry Genius of Geniuses

    Posts
    15,250 Posts
    #13  

    Default

    135 million shorts at say an average of 11.00...I don't think the ride or effort by some pretty big money is done quite yet.
  14. Nindia's Avatar
    CrackBerry Abuser

    Posts
    387 Posts
    #14  

    Default

    I find this all hilarious. All these negative ratings in an attempt to keep the stock down is funny to me. Maybe I'm high on my own supply, but anyone shorting RIM at its current stage is a moron in my opinion. Why would you short a company with massive upside potential that is trading at book value? Even I'll agree shorting RIM a year ago was a smart idea at the time since BB10 was still all smoke and mirrors...but now that it is real and almost 95%+ of the people who have had a chance to play with it have said it's amazing, it would take a very specific type of moron to short RIM right now.
    Thanked by:
    s0be (01-12-2013) 
  15. Superfly_FR's Avatar

    Posts
    9,316 Posts
    Global Posts
    9,327 Global Posts
    PIN
    Hey, what did you expect ?
    #15  

    Default

    Quote Originally Posted by jonty12 View Post
    Antoine, off topic completely, but why cover your surname when we can see your twitter handle (and thus your surname simply by searching for you on Twitter)? If you want too keep your surname hidden, you should hide your handle too.
    Quote Originally Posted by BThunderW View Post
    He's got you there
    My twitter handle and all my social public identifiers are the same ... just want to avoid exposing my family (name) with a single TW post out of context, thus avoiding a quotation with a single first name letter ("A") witch could lead to another member of my family, for example. That's why.
    I'm alway paying attention to this, as I had a problem before.
    Join my BBM Channel : C00035FA6
    "I speak English like a Spanish Cow"
    I'm a StockBerrian, proudly holding 50 150 250 400 550 1000 BlackBerry shares
    cabirder likes this.
  16. Lehomer's Avatar
    CrackBerry Abuser

    Posts
    282 Posts
    #16  

    Default

    I would like to know how the investors that "heavily shorted" the stock "prior" to the downgrade knew the downgrade was coming ? Or , were they just guessing a downgrade was on its' way ....................hmmmmmm
  17. #17  

    Default

    Quote Originally Posted by Nindia View Post
    it would take a very specific type of moron to short RIM right now.
    The shorts got caught short, the price went higher than they expected. Some traders can't cover their deficit at today's price without buying in at more than they sold for.
    <a href="http://www.galatis.de/starboard.php?d=5518"><!-- Something special for the spammers --></a>
    CrackBerry... where only Stupid People fight about Smart Phones
    Thanked by:
    trueredsoxfan_58 (01-12-2013) 
  18. Superfly_FR's Avatar

    Posts
    9,316 Posts
    Global Posts
    9,327 Global Posts
    PIN
    Hey, what did you expect ?
    #18  

    Default

    Quote Originally Posted by Lehomer View Post
    I would like to know how the investors that "heavily shorted" the stock "prior" to the downgrade knew the downgrade was coming ? Or , were they just guessing a downgrade was on its' way ....................hmmmmmm
    That's the point. If it's proven, it is called "stock manipulation" and leads to "jail".
    Join my BBM Channel : C00035FA6
    "I speak English like a Spanish Cow"
    I'm a StockBerrian, proudly holding 50 150 250 400 550 1000 BlackBerry shares
  19. #19  

    Default

    Quote Originally Posted by Shanerredflag View Post
    135 million shorts at say an average of 11.00...I don't think the ride or effort by some pretty big money is done quite yet.
    If they can't crash the price to buy low and cover their deficit it is entirely possible some of the traders could be pushed into bankrupcy. The current outstanding short positions need almost 30% of the available stock simply to cover the deficit, at current prices that would cost them around $2bn. Current price is higher than most points in the last 6 months and some big names stand to take a very cold shower if they can't get it below about $10 again.
    <a href="http://www.galatis.de/starboard.php?d=5518"><!-- Something special for the spammers --></a>
    CrackBerry... where only Stupid People fight about Smart Phones
  20. peter9477's Avatar
    CrackBerry Genius of Geniuses

    Posts
    5,216 Posts
    Global Posts
    5,218 Global Posts
    #20  

    Default

    Quote Originally Posted by Brianflys View Post
    What was interesting is the part about BMO attempting to manipulate the market with its "underperform" rating. The article says that the rating was intended to "push the shares down".
    While I admire your enthusiasm about this, you need better reading skills if you think it said that. The two paragraphs you accurately quoted, which are the only relevant ones here, absolutely give no indication of any such intent. It merely says that BMO downgraded the stock, and that doing so did not make the share price drop.

    I believe there is lots of market manipulation going on, but those paragraphs simply don't show the intent you claim they do.
    Battery Guru for BB10 tracks voltage, power, battery health. (Also on the PlayBook.) White Noise helps you sleep or concentrate.
    Follow us on Twitter or Facebook or visit Engenuity's mobile apps page.
  21. Andrew4life's Avatar
    CrackBerry Genius

    Posts
    2,676 Posts
    Global Posts
    2,677 Global Posts
    #21  

    Default

    Quote Originally Posted by Nindia View Post
    I find this all hilarious. All these negative ratings in an attempt to keep the stock down is funny to me. Maybe I'm high on my own supply, but anyone shorting RIM at its current stage is a moron in my opinion. Why would you short a company with massive upside potential that is trading at book value? Even I'll agree shorting RIM a year ago was a smart idea at the time since BB10 was still all smoke and mirrors...but now that it is real and almost 95%+ of the people who have had a chance to play with it have said it's amazing, it would take a very specific type of moron to short RIM right now.
    Because if BB10 fails, you're looking at gains of $13 per share (or whatever they short the stock at).
    In the world of stocks, there is never knowing what can happen. Some people think one way, others think another.

    Back then Nortel was the current day Apple. It was so big that you'd likely never see it go bankrupt, right? Well, they went bankrupt and Nortel only exists in history books.

    Just as there is lots of upside, there is downside as well.
  22. Bold_until_Hybrid_Comes's Avatar
    Waterloo's Finest

    Posts
    5,295 Posts
    Global Posts
    5,324 Global Posts
    #22  

    Default

    Quote Originally Posted by Andrew4life View Post
    Because if BB10 fails, you're looking at gains of $13 per share (or whatever they short the stock at).
    In the world of stocks, there is never knowing what can happen. Some people think one way, others think another.

    Back then Nortel was the current day Apple. It was so big that you'd likely never see it go bankrupt, right? Well, they went bankrupt and Nortel only exists in history books.

    Just as there is lots of upside, there is downside as well.
    But people are too blind to see what isn't in front of them.

    Apple is too big to fail, right? It would never happen, look how much cash they have! 100 billion! It can't happen, ever!
    Phones: Nokia 5110>Nokia 3360>Siemens C56>Moto RAZR>LG Chocolate>Pearl 8100>Bold 9000 >Pearl 9100 + Bold 9900 > iPhone 4S + Z10 + Bold 9000
    Tablets: 16GB Playbook > Playbook 32GB
    __________________________________________________ _________________________

    CLICK HERE TO JOIN THE SEXY GIRLS IN YOGA PANTS CHANNEL

    C000288CC
    __________________________________________________ ___________________________
  23. grahamf's Avatar
    CrackBerry Genius

    Posts
    3,629 Posts
    Global Posts
    3,650 Global Posts
    #23  

    Default

    Quote Originally Posted by Andrew4life View Post
    Because if BB10 fails, you're looking at gains of $13 per share (or whatever they short the stock at).
    In the world of stocks, there is never knowing what can happen. Some people think one way, others think another.

    Back then Nortel was the current day Apple. It was so big that you'd likely never see it go bankrupt, right? Well, they went bankrupt and Nortel only exists in history books.

    Just as there is lots of upside, there is downside as well.
    Nortel went bankrupt partially because they were caught manipulating their stock.
    Blackberry 10 > Windows Phone 7/8 > Blackberry 7 > iOS > Android > Symbian > WebOS > Meego
  24. zyben's Avatar
    CrackBerry Abuser

    Posts
    364 Posts
    #24  

    Default

    Quote Originally Posted by grahamf View Post
    Nortel went bankrupt partially because they were caught manipulating their stock.
    ...And RIM can't go bankrupt because they have no debt.
    Thanked by:
    governor10 (01-12-2013) 
    TheScionicMan likes this.
  25. samab's Avatar
    CrackBerry Master

    Posts
    1,294 Posts
    Global Posts
    2,063 Global Posts
    #25  

    Default

    Quote Originally Posted by peter9477 View Post
    While I admire your enthusiasm about this, you need better reading skills if you think it said that. The two paragraphs you accurately quoted, which are the only relevant ones here, absolutely give no indication of any such intent. It merely says that BMO downgraded the stock, and that doing so did not make the share price drop.

    I believe there is lots of market manipulation going on, but those paragraphs simply don't show the intent you claim they do.
    Globe and Mail's article explained a lot of the missing parts. The BMO analyst downgraded RIM because he didn't see any RIM booth at the CES (which closed today). He also seemed to prematurely left Las Vegas and wrote his downgrade before RIM held their off-site demos (i.e. at nearby hotel rooms).

    BMO downgrades RIM to 'underperform,' cuts price target - The Globe and Mail

    The close: RIM flies despite analyst downgrade - The Globe and Mail

    Meanwhile, the rest of Wall Street saw the off-site demos and kind of ignore the BMO downgrade.
    Thanked by:
    peter9477 (01-12-2013) 
Page 1 of 3 123 LastLast

Similar Threads

  1. Replies: 1
    Last Post: 12-21-2012, 01:43 PM
  2. Was it confirmed when the Android Market was coming to the Playbook?
    By chillson1386 in forum PlayBook Apps & Games
    Replies: 7
    Last Post: 04-27-2011, 05:55 AM
  3. Replies: 26
    Last Post: 01-24-2010, 12:50 AM
  4. Tapping into the BlackBerry Gaming Market...
    By MMB916 in forum General BlackBerry Discussion
    Replies: 0
    Last Post: 04-04-2007, 12:52 PM
  5. Price Reduction - Mobile Market
    By tmag2005 in forum Rehab & Off-Topic Lounge
    Replies: 1
    Last Post: 03-29-2007, 04:46 PM

Posting Permissions