The BBRY Café. [Formerly: I support BBRY and I buy shares!]
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- Well...kinda glad I had to work today. However this isn't the first nor will it be the last disappointment in life. Big picture, its only some money...and it's only a loss if you sell...health, friends and family are way more important than that.
Enjoy your weekend everyone.
Posted via CB1006-28-13 06:45 PMLike 12 - Not a very good move on your part, was it? The blame lies squarely at your own two feet. Like everyone else.06-28-13 07:04 PMLike 4
- Dear Thor,
You need to do the following immediately to save the company because time is running out.
1) never mind the bb7 device - bring out the A10 immediately ! And don't skimp on the specs either.
2) since you have killed the PlayBook, you should have lots of resources to put towards bb10, so get bb10.3 out by the end of July. Yeah, I said 10.3!
3) you know that 3.1 billion dollars you have stashed ? Well Guess what... you need to spend $1.5 Billion of it in the next 90 days. your advertising sux. You need to entertain the people so much that they can't help but love you. You also need to pay people to use your phones. This is business, stop being the Nice Canadian you have become and start bribing corporations to choose BlackBerry.
4) you need to come out with a replacement for the PlayBook this fall. Either a 10" tablet, or something else (laptop ? ) our nobody will take your claim of being a leader in mobile computing seriously anymore. If you can't handle the hardware aspects, then at least give me a secure bb10 os I can run on a pc and partner with somebody else to build them!
Most importantly, you only have 6 months left. 3 months to advertise the he77 out of BlackBerry and 3 more months to release ALL of the devices around the world.
Posted via CB10 on a Z10 root device!06-28-13 07:21 PMLike 10 - My sincerest condolences go out to anyone who has experienced realized losses or margin calls due to their position in BBRY. Some of us are just here to play or to speculate but the reality is that some people here got burned badly and some, undoubtedly, will never recover. This is a dangerous game to play and never think for a moment that any un-hedged investment you make in anything is ever safe: it is not. I would go as far to say that the more convinced you are that you're right--then the more cautious you need to be.
If you sustained real losses that might be too much for you to handle emotionally or financially, reach out for help from a friend, a help-hotline, or a professional counselor. Your life and those who love you are more important than money and there are always solutions to getting back on your feet. My advice to anyone who feels traumatized by today's event is to take the weekend off (nothing will happen to the SP until Monday)--do something you enjoy doing; take a walk; go for a swim; treat yourself to something special; go see a film, and get the largest popcorn bucket available along with your favorite candy.
This has been a particularly emotional day for all of us and recognizing this is really important to avoid feeling or being defeated by this setback. Getting back to objective reasons for trading this stock is probably the best approach.
I feel a bit like I've been on a blind-date with BBRY and that I finally got to meet that date for the first time today. I feel that I've been betrayed and deceived, that music has stopped, that the love-affair is possibly over. Now I want to know who the real BBRY is and whether it's worth a continued emotional and financial investment.
Like others here, I am disgusted by the outright misinformation published by TH and the general arrogance of the BBRY board. But it's very difficult to look at the new products, the new OS, QNX, and all the other intrinsically good things BBRY has to offer and is offering and not remain "cautiously optimistic" about its future. No one is expecting that BBRY will ever become the dominant smart-phone brand, but surely they can survive alongside Apple and Samsung and grab more than 5% global market share. After today, however, it almost feels like an affront that the board chose TH as its CEO and public face and I sure hope they consider firing him and replacing him with someone a bit more nimble, mature, experienced, and, well, honest.
This group has been harshly criticized by some posters--that we are just a group of "fanboys", etc. I understand long BBRY investors are angry and want to blame someone or a group. But this group should not be blamed: Anyone who actually reads this thread will soon see that few people here have blinders on and simply evangelize BBRY. Most "fans" are forming their opinions by scouring every corner of the web for news/blogs/articles/videos and sharing them here. We also have hard evidence that the company is producing fine products and services and producing top-quality promotional ads and videos. So if looking at this evidence and being enthusiastic about it constitutes "fanboy" behavior, then so be it. I also feel that we are entitled to a little bit of cohesion and camaraderie especially when you consider that we're a minority of BBRY supporters faced with negative sentiment from all sorts of angles.
Today's move puts us back where we were, from a stock-price perspective, in November/December 2012. I don't think it's sensible to erase six months of SP-progress due to today's event, so in this important respect, I think the stock has been unduly punished. Quality stocks that have been unduly punished after a disappointing ER do rebound. The question is: Is this a quality stock? I can only say that I hope so.
I do not expect much from next week's trading sessions although I will be looking for some uplifting news that might trigger some buying activity. I expect a quick rebound at least to the $12+ "fair value" range.
I'm going to try to take next week off so I probably won't post until 7/6 or so.
Be well everyone and I appreciate all of you who value my contributions here. Your thanks are much appreciated.06-28-13 07:22 PMLike 30 - Doing it right now my friend. Let's not get spun up just yet but first find out the details and what they plan on doing. Give me a few Chris and ill have something hopefully.........06-28-13 07:24 PMLike 7
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- 06-28-13 07:35 PMLike 6
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- Morgan is likely the most respected member in this thread. He has many credentials, including former options specialist trader. His TA is solid and often he calls things almost to a 'T', not always, but enough to has the respect that his calls on the SP move have a good probability of being right.06-28-13 07:47 PMLike 5
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- Yes, technically a booked receivable, and not cash at all... but I took the $630MM as their point that without the Tax impact it would've been nothing for the Q - thus implying BBRY is close to burning, not churning out cash per Q - I was pointing out that he was looking at the wrong column (from Q4, not Q1), thus we're (BBRY) very much comfortably in the black Q/Q in terms of both FCF and CfOps.
Brings up an interesting point - we had almost ZERo tax lift this Q, but had a HUGE $06-28-13 07:55 PMLike 5 - I have gotten to know a little bit about you and know you're a fantastic person. Don't let these incidents get under your skin. You're a better person than that. Besides, did you stop to think that the reason they are hitting this thread is because they lost some and either sold for a loss or are looking for somebody besides themselves to blame. Have a virtual beer on me CJ. You've come a very long way in here and are highly respected, SO ACT LIKE IT!!! Hahahaha. Still trying to reach my buddy but it's Friday night and I know where he is. He's outside playing with his little girls and can't hear his phone, even with a hearing aide. Hahaha.06-28-13 08:04 PMLike 6
- 06-28-13 08:04 PMLike 0
- Losing money is losing money. Those of us, who are lucky enough to avoid the 26% drop today for whatever reason or are still profitable in their trade, should not bash on those, who were counting for the stock to go in the positive direction. I am down a lot, and so are some of us here.
This is, as YangFui said, can be quite traumatizing. I know, it is to me, and I accept that it was my gamble to hold going into ER. My average is $14.29. I could only dream that the stock reaches $14 soon right now. We know little of how the stock price will be, but there seems to be a lingering thought of a pop to $12.50. Let us continue to support each other with good insights, and civilized conversation.Last edited by JLagoon; 06-28-13 at 08:27 PM.
06-28-13 08:06 PMLike 12 - The others will chime in as well but I'm saying no. The shorts are still around. You know, thinking about this we only fell a few dollars and have seen days almost like this several times since last December. Today it just hit us all at once on ER day and folks are concerned about the future of BB. The SP will go back up and then we can choose to sell and get out or continue to invest. This will go back up though, that's very important for folks to remember.06-28-13 08:16 PMLike 6
- Okay,got hold of my IT buddy and he's making some calls for us tonight. I owe him big time now. Not sure ill hear anything back before Monday but he never fails me. One thing he did say was this has NOT been released through department channels yet so some or all of what we read may or may not be entirely true. We will find out the details. Have another beer on me boys.06-28-13 08:28 PMLike 10
- Okay,got hold of my IT buddy and he's making some calls for us tonight. I owe him big time now. Not sure ill hear anything back before Monday but he never fails me. One thing he did say was this has NOT been released through department channels yet so some or all of what we read may or may not be entirely true. We will find out the details. Have another beer on me boys.06-28-13 08:30 PMLike 0
- We all lost big today - for me about $20k in one night. Luckily though it was never materialised and for some reason I'm not as upset as I would be if I had worked for that money with my bare hands. I was lucky to get out today where I got in 6 months ago. For others here who may have bet the farm I am really hopeful BlackBerry can come back swinging.
I will likely move on for a while as the taste in my mouth is pretty bad. I think Thor and Co were not forthcoming enough - especially Heins comments about 10s millions. In hind sight when he sold over Christmas I should have taken greater heed. Today the death knell rang and its not a good sound. Palm had the same sound at one time.
Posted via CB1006-28-13 08:32 PMLike 0 - Guys, this stuff about people "losing money" worries me... You haven't lost if you haven't sold yet.
A few years back I had a lot in one stock, Canadian Tire I think it was, or Manulife. At the worst it had dropped about 60% from my price at the ill-timed purchase. I reviewed the company again and decided I still believed my money would do better there than if I swallowed the loss and put it elsewhere.
Earlier this year I sold whatever it was with about a 20% gain (from my original price) after it had crawled back the hard way.
If you look at BBRY now and would conclude dispassionately that it's a good price for a solid company ($3B cash, new platform with long runway, etc) then taking that loss may be your worst decision ever. Think hard, don't panic sell...
Posted via CB1006-28-13 08:32 PMLike 9
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