The BBRY Café. [Formerly: I support BBRY and I buy shares!]
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- You can sell if you wish, over 4 MM shares have traded at $ 8.00/shr so far but we are killing it here. The bids are greater then the asks in terms of volume and support so we are seeing all the weak hands get cleared out this afternoon. The support is amazing so I wouldn't be surprised of the sells run out of pressure and we move higher. We blasted through major resistance at $ 8.00 this morning and hit some buy stops along the way driving us to $ 8.14. We then dropped back to test $ 8.00 as support and we found it. Now, we are cleaning out weak hands and setting ourselves up for a rally higher next week. Great trade so far ........ unless you are short of course.
Posted with a Red PassportLa Emperor likes this.11-06-15 01:31 PMLike 1 -
BBM Channel: C002165D3 Tour 9630 > Bold 9650 > Q10 > Playbook > Classic AND Passport SE!!!11-06-15 01:33 PMLike 0 - Be careful with these guys SF, they bash BlackBerry with every article. This one is little different as they take misleading information to talk down BlackBerry. Look at the article referring to software sales, they chart a large % drop in revenues as their only reason for BlackBerry not being able to meet their guidance of $ 600 MM in fiscal 2016 when we all know that they came down off a licensing agreement in that $ 137 MM quarter and didn't complete one in the next . They need to stop working the numbers to bash BlackBerry. They also post every day now, bashing BlackBerry so I have to believe they are paid to do this. Look for another article soon and there will be something wrong with the Priv.
Posted via CB10morganplus8 likes this.11-06-15 01:33 PMLike 1 -
- The QNX team needs to have a sit down with Faraday, go get 'em QNX!
Former Tesla workers launch mysterious Gardena start-up with ties to Chinese multi billionaire.
Electric car startup Faraday Future plans $1 billion auto factory investment - LA Timesmorganplus8 likes this.11-06-15 01:44 PMLike 1 - Sure, MOBL is a small company that underwent an underwriting in the past to take it to market. Those same underwriters are supporting the stock today and will continue to do so as long as the company grows in some way. MOBL is growing, they are competing in their space and putting up revenue numbers that justify a $ 425 MM value with $ 100 MM of that cash. The stock can't drop as long as there is a net under it and that net supports the selling pressure and sells or distributes the stock on rallies. The stock will never go back up to it previous levels but it isn't a good short because of the small float. I was looking for a stock to trade and almost pulled the trigger and shorted MOBL at $ 4.25/shr. You and I know they have great headwinds in their sector, they burn cash at a pace that will see them needing more capital in 5 quarters too. But, for me, there are better bets out there than shorting a stock like MOBL. At some point, the underwriters will let this one go and the market will take over. Year-end tax loss trading will kick in and likely drop it down to a more reasonable level. I might place a short bet on it if it gets much higher but I do want to know that if BlackBerry makes and offer, I won't lose money on my short! You know its a dog, we all know that, but, they are projecting revenue gains for the next two quarters so it is a poor short right now.11-06-15 01:45 PMLike 9
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I know we are getting into the Google trends data. One thing I really want to see is the US search volume to grow significantly in the coming weeks.11-06-15 01:47 PMLike 3 - If reviewers like removing BlackBerry "bloatware", that doesn't bode well for Chen being able to turn around and sell it. HUB is one of the best featues on BB10, but Russell who did the AC review said
Too be honest though I fully expect the BlackBerry Experience suites to be solely a enterprise solution to future improve the separation of Personal and Work spaces.
Posted via CB10morganplus8 and sidhuk like this.11-06-15 01:50 PMLike 2 - Rule number 1 with BlackBerry, there are no technical levels on the Canadian chart to look at. To say that $ 10.65 is resistance is to say that, TODAY, based upon the currency, the US price of $ 8.00/shr is resistance. You have to relate to the US price because it is the first mover, it is the number that the Canadian price is calculated/based on, it is the driver in terms of volume and price for the stock. Not all stocks function off their US counterpart, but BBRY is the driver for BlackBerry pricing in Canada. There is nothing more laughable than to see a TA specialist on BNN talk about BB chart movements using the CDN chart. All you have to do is map the movement in the CDN dollar to see the chart destruction in the CDN chart for BB. Having said all of that, yes, BBRY at $ 8.00/shr is a major TA pivot point, so take that price, look at the current US/CDN exchange rate and calculate resistance for TODAY, in Canada. It is so much work to own BB:TO that I never buy Canadian for that reason. Hope that makes sense!11-06-15 01:54 PMLike 8
- I don't want to tell anyone when to go to cash. I get tired of hearing that so many of us are out of the rally because we thought we could save $ .20/shr of so. This happens with biotech and BBRY, it isn't necessary if we could all sit back, look at the evidence and see that, in this case, BBRY is holding up extremely well. As I see it now, the bids/asks are the same, but the volume has dried up! This tells me that on 3:00 PM on a Friday, the sellers are finally giving up on the need to be out at all costs. That leaves the buyers left to control the price and they are. The support is amazing, could it drop $ .20 - $ .25 pennies on Monday? Sure it could, or it could open up $ .50/shr and you will join the long list of others trying to save some money and miss the rally. One thing we do know, there is going to be a ton of news on the Priv in the next 60 hours and you won't be able to buy the stock ahead of that news. GL
Last edited by morganplus8; 11-06-15 at 02:35 PM.
11-06-15 02:03 PMLike 12 - Rule number 1 with BlackBerry, there are no technical levels on the Canadian chart to look at. To say that $ 10.65 is resistance is to say that, TODAY, based upon the currency, the US price of $ 8.00/shr is resistance. You have to relate to the US price because it is the first mover, it is the number that the Canadian price is calculated/based on, it is the driver in terms of volume and price for the stock. Not all stocks function off their US counterpart, but BBRY is the driver for BlackBerry pricing in Canada. There is nothing more laughable than to see a TA specialist on BNN talk about BB chart movements using the CDN chart. All you have to do is map the movement in the CDN dollar to see the chart destruction in the CDN chart for BB. Having said all of that, yes, BBRY at $ 8.00/shr is a major TA pivot point, so take that price, look at the current US/CDN exchange rate and calculate resistance for TODAY, in Canada. It is so much work to own BB:TO that I never buy Canadian for that reason. Hope that makes sense!
Posted with a Red Passportmorganplus8 and Mr BBRY like this.11-06-15 02:04 PMLike 2 - 11-06-15 02:06 PMLike 6
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- Superfly_FRRetired ModeratorAndroid Central Podcast Live! | Android Central
Right now, Bla1ze and KM aboard ...11-06-15 02:53 PMLike 4 - Sure, MOBL is a small company that underwent an underwriting in the past to take it to market. Those same underwriters are supporting the stock today and will continue to do so as long as the company grows in some way. MOBL is growing, they are competing in their space and putting up revenue numbers that justify a $ 425 MM value with $ 100 MM of that cash. The stock can't drop as long as there is a net under it and that net supports the selling pressure and sells or distributes the stock on rallies. The stock will never go back up to it previous levels but it isn't a good short because of the small float. I was looking for a stock to trade and almost pulled the trigger and shorted MOBL at $ 4.25/shr. You and I know they have great headwinds in their sector, they burn cash at a pace that will see them needing more capital in 5 quarters too. But, for me, there are better bets out there than shorting a stock like MOBL. At some point, the underwriters will let this one go and the market will take over. Year-end tax loss trading will kick in and likely drop it down to a more reasonable level. I might place a short bet on it if it gets much higher but I do want to know that if BlackBerry makes and offer, I won't lose money on my short! You know its a dog, we all know that, but, they are projecting revenue gains for the next two quarters so it is a poor short right now.11-06-15 03:08 PMLike 6
- Thanks as always for your thoughts! I too had to hold myself back from shorting MOBL a few weeks back when it started to rally past the $4 mark. I had made a bit a month before shorting from $4.06 and covering at $3.80. I've always been more tempted to short AAPL any time is squeaks over $120... the amount of revenues and sales they need to sustain their current valuation / market cap is scary high - especially when their main MO is to continually reinvent the wheel per se.11-06-15 03:21 PMLike 9
- Don't recall if this one has already been posted:
BlackBerry Priv is the best BlackBerry in a decade11-06-15 03:22 PMLike 6 -
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- FWIW, my wife spoke to her sales guy at Costco, said they had 1 Priv left around lunch time today. Said they have been clearing out fast. He is an android fan and said he is going to ditch his S6 for the Priv most likely. His opinion was the phone is really nice.11-06-15 03:41 PMLike 9
- More complete version of JC on Fox Business:
BlackBerry CEO: I?m never going to give up the phone business | On Air Videos | Fox Business11-06-15 03:42 PMLike 10
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