What makes this quiet period's silence so deafening for me, personally, is that--as enthusiastic as I feel about BBRY and its latest products--I understand why people (especially people unfamiliar with BB's recent innovations and vision) are so skeptical. The skeptics and shorts have some undeniable concerns yet enthusiasts like me have legitimate reasons to feel confident about BB's future and believe in its comeback potential. Yet investors with "weak hands" might just panic-sell some shares leading up to earnings, especially if the chatter on such networks as CNBC remains pessimistic about BBRY as the 28th approaches. This could cause a drop in the stock price leading up to a positive earnings report.
Here is a chart of Netflix (NFLX)--I have encircled the dates of the last three earnings reports and I have placed arrows showing how there was a downtrend in the stock price until the earnings report was published:
Attachment 170727
In all three cases, the stock price downtrended leading up to a positive earnings report, then turned positive. In the last two earnings reports--both obviously very good--the stock experienced a dramatic and immediate percentage gain.
I'm not saying this will happen to BBRY yet I believe that BBRY just needs to beat the whisper numbers in order to frighten at least SOME of the shorts enough that they will feel compelled to cover--and that's the kind of activity that could initiate the squeeze we're all anticipating will one day happen. In might not happen at this ER--we might need to wait until the next one or the one after that. It all depends on how good the ER numbers turn out to be and what kind of guidance BBRY provide for the upcoming quarter.
The point of this post is simply to give an example that demonstrates that downtrends before earnings do not necessarily forebode a post-earnings price drop. And that's something that could provide some relief to investors in this forum who are convinced in BB's future but are a bit worried about the recent price action.