Originally Posted by
morganplus8 I agree with you, the launch of BlackBerry as a new brand, was a terrible failure and we should have known this when they fired their PR team of 16 years. All of this falls on Heins. Aside from this statement, I feel that BB did not announce how many phones they expected to sell, rather they talked about breakeven for Q1 and the analysts ran with this bit of information and made a monster out of it. In the end, the company didn't miss by much at all, you can't look at handsets because they were never mentioned, you have to look solely at "breakeven" and how you get there. They didn't pre-announce anything because they didn't have the data skewed until Venezuela decided not to pay, There went $ 72 million or almost $ .14/shr of revenue, or breakeven out the window. The only thing I don't like is being told that Q2 is breakeven/loss too! Now that hurts. I understand it is too difficult for them to do staggered launches around the world and try to factor in both revenues and EPS. Fine.
As for the TA levels, that gap needs to be filled, the RSI is too low and the Bollinger Bands aren't outside the trading range of the stock. While I didn't produce a chart to suggest where we begin this leg of the rally, at 185,000,000 shares, we are close to a bottom here. Today we are back to weak volumes, the margin calls that are activated at 11:00AM, 2:00 PM and 3:00 PM are largely behind us now. So there is this rule that you don't buy into a change in the trend for 3 days. Tomorrow we should see the beginnings of a base made and the start of a technical bounce in the stock. I would like to see us close around $ 10.25/shr or higher today.