I feel like riding a dolphin with scuba tanks.
"Just breathe normally" in case the dolphin dives to hunt the sharks !
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I feel like riding a dolphin with scuba tanks.
"Just breathe normally" in case the dolphin dives to hunt the sharks !
If Blackberry does what we all hope it will, many here will be elevated from that "entry level"!
I played around a lot with Visa from IPO an onward buying and selling, trying to time things. Eventually had to part with the rest of my shares around the 80 dollar mark when Mr. Margin almost came calling. Now it's more than doubled - can't afford it anymore. Won't do that with BlackBerry.
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But at 8 bucks you need the stock to increase almost 3 percent just to cover your fee. With BlackBerry we are all expecting big gains...if this was P and G it might need more planning to buy in 40s vs 20s even if it means waiting a bit longer.
Disappointing that we're not above $15. So much uncertainty out there now, especially with the markets taking a beating and PMs falling fast.
To squeeze we need buyers and with so much turmoil out there it may be too risky of a stock for most.
Need REALLY good news and that means more than just plain old sales. Strong guidance will be sorely needed.
We got within 2 cents of $15 and BBRY is holding it value well. All we need it that rally towards the end of the day and we can be well over $15.
I believe slow motion is what we need to raise the stock above shorts nightmare point. Too fast will result in profit taking, thus keep them relatively safe after the rebound. step by step, little by little. Fair revenge.
ooowee-ooowe ;)
Koxo - Step By Step (1982) DISCO - Vid�o Dailymotion
So, let's look at AAPL (Apple) for a moment:
Attachment 176210
If you bought AAPL in the past 9 months, you are feeling sick today. The market is rallying and AAPL is still going down and they have a $ 60 billion dollar share buyback program in place. The stock is leaning hard against the Bollinger Bands, only on the downside, it can't fall fast enough for funds to get out. Note the RSI is well below RSI (14) = 30 meaning that it should be done on the downside, and, it is slowly heading for a double bottom. And still you can't make a dime on that play.
Now look at BlackBerry:
Attachment 176211
Today we gapped above that blue downtrend line and never looked back. The same Bollinger Bands that are supporting AAPL as it collapses, is holding us back. We have a wonderful gain in the past 9 months. This stock is doing extremely well here. I included some Horz. lines in this chart to show you that we might be within a channel of sorts. The first challenge is $ 15.00 followed by $ 16.25/shr. The same can be said of the Pennant formation, we are stuck in those resistant levels for now. Remember yesterday? I mentioned that trading is 6 1/2 LONG hours and we need to burn off some time before we can make our move. I like what I've seen so far today, I hope we close above $ 14.80 and clear $ 15.00/shr tomorrow. Anything above that is panic buying from those who are short. The volume is light, we know that $ 14.70 is now support here, let's rest up and try to make a new HOD!
PS: As for the size of your trading account, I don't know if I have time to show you a 6-year old account of mine, but that account is an RRSP that had only $ 4,500 in it in 2007. Today it is valued at $ 146,000 with all of it invested in BBRY at $ 12.60/shr.. So for those of you who think that $ 5,000 can never amount to anything, I have an account to show you. Keep trying no matter what the size of the investment.
Although technicals do find themselves violated, the BB are a pretty common resistance (and support, along the bottom). Very often when we breach them, it's only temporary, and we end up closing the period (especially daily) at, or close to, the value. I would find if perfectly lovely for us to have more of a run today, but I expect we might be more or less flat (+- a few cents) until tomorrow when they expand more.
Closing in the 14.90 range really isn't a bad thing for today. We did see 13.50 two days ago :)
Well if your trading 300 at a time might seem small to some who trade 15,000 at a time! :p
I will gladly give you ALL my money if you can do the same for me!:D
For sure. With this stock and where I believe it's going I had to get in quick and accumulate as much as I could afford quickly before it became too expensive. Luckily it didn't happen yet so I was able to accumulate 362 shares. Had I waited until I could afford 40 at a whack it would have taken longer and the stock COULD have taken off back when it hit $18. The next opportunity (unknown stock) I'll wait until I can buy more at a time, unless I find another one ready for a squeeze (very possible).
TSFA and self administered RRSP using Credential Direct.
That account has an interesting history to it. It was one of my several accounts at RBC back in the day. My other accounts where worth much more and my broker, a guy I trained in the business many years ago, called me to tell me he couldn't have that account in his book as it was below $ 100,000. It was fine to leave my other accounts with him but that one had to go! So the firm I worked for, trained the guy who then got to over see my accounts, made me leave RBC!! So I transferred the account to a discount broker and bought an oil and gas stock, the company got acquired in 2008 and I purchased ACADIA Pharma for $ 1.29/shr (17,000 shares with the proceeds), sold them recently (ACAD) and bought BBRY at the fire sale price of $ 12.60/shr. Now what chance is there that I will have over $ 200,000 in that account this year? Damn good chance. So the moral is, "wouldn't my broker buddy love to have that account back now?". Ha! Ha! (He doesn't know about the growth of this account .... yet)
BINGO!:yes: 55 for me. :D
No debt and my "Give-A-Sh!t" meter seldom budges. :angel:
Amazing, I start a thread here maybe a month ago that said exactly the same thing.
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I'm using my ... bank contact. One phone call/email and €7 fees by order.
Absolutely, I started with a few shares as well for many different reasons: I am a newbie at investing and didn't know what I was doing (still not sure) hence didn't want to lose money I couldn't afford to lose. Second some of my cash was tied up and bought only what I could afford at a particular time. With the help of this board, I now feel more comfortable investing, know more about BB stock and have more confidence as an investor. I now have accumulated 1400 shares which is peanuts for many, but a decent amount for me. I should be able to fly first class or even charter a small private jet to the $100 party!!!
As M8 demonstrated, the old saying holds: it's not the size that counts, it's how you use it!!!!
ditto. And that's what I pray the Playbook will become via bridge: A BB10 extension with some power on its own ;); as for the stock: just do not sell it.
I want to get into another opportunity when BBRY becomes too expensive for me but need somebody to look at this for me and give me your thoughts. Anyone interested and has a few minutes I could send you the NASDAQ link. Don't think I should just post it here during BBRY trading times.
I believe Apple at 398 is greatly undervalued. I will be adding some AAPL to my position. I am still long BBRY and I have considerably more shares in BBRY than any other stock. I just think this is a good opportunity to diversify.
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Agreed. And I am so old we used to call them "shuttlecocks" not "birdies". LoL :rotfl:
Morgan, I love you. Thanks for the encouragement. I hope to build an investment portfolio similar to the one you outlined to hopefully build a sizable down payment for a harbor front condo close to good ol' Bay street ;).
Freedom 55. Baby Boomer's Dream. BBRY should deliver.
I would suggest you be very careful with that one. I wouldn't touch it. Their production figures are being lowered. Competition is intense on all sides of their business. RE - Apple