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Log in worked
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Posted using BlackBerry passport.
Holy Volatility Batman! What a day for the market! BBRY and HALO held up great, as did most of my portfolio. I'm by no means a day trader, but I have to say, I truly enjoy the excitement and appreciate that there is money to be made when panic selling and buying is taking place.
Anywho, I'd like to point a question to Mr Morgan, Mr Lagoon or any other veteran investor on this forum. What do you make of the current market situation in general? Do you see the recent trading activity as a short term sell off due to fear or doubt? Or is this potentially the start of a long slide for a major market correction similar to that of 2001 and 2008? The second part of the question is, how do you see the market affecting BBRY and similar stocks? I've got a rather large bet on these companies that I think will outperform general expectations, but that thesis becomes a losing proposition if we see a major market crash. After all, I can only average down so many times before it becomes self destructive investing. Your thoughts....
I'm no fan of Netflix, but this seems to be a huge over reaction. Didn't EPS and rev beat?
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http://www.koreaherald.com/view.php?ud=20141014001020
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Guidance for next quarter was low
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Sort of....but a 26% drop?
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If you look at the P/E ratio, it's been trading at a super high level based on a continued and ridiculously high growth rate. Since that level of growth is showing a slow down, it's going to come back in line with a more reasonable level.
OT: sorry guys, I have to show..
Attachment 306325
Attachment 306326
Taken with THE BlackBerry Passport
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Good point
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Bubbles eventually pop....
Without the risk of being too much OT - I think the guidance and HBO launching a standalone streaming didn't help. NFLX CEO said that HBO is their main competitor.
As well as the P/E that CJ mentioned. I'm not overly fanatic over multiples, but you look at NFLX and GPRO being over 100x, it's pretty insane.
I hope I'm not going on too much here, but I just read this article that gave me a better picture of whats going on with the market. Not that I agree with everything, but good information there:
World Economy Gives Investors Growth Scare as They Look to U.S. - Bloomberg
My favorite line that summed it up really well. �The global economy and the markets have a history of traumatic economic events,� said Paul Mortimer-Lee, chief economist for North America at BNP Paribas SA in New York. �Psychologically and physically they have not recovered fully and are anxious about a relapse.�
This rings true not just for the global economy, but BBRY shareholders as well! lol
Amazon India Sold Out of BlackBerry Passports!
Attachment 306456
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Speaking of which...
Attachment 306457
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And it's still #2 on the Amazon.com best seller list. Which is crazy to me as people are basically buying a phone on backorder. The demand is legit. I really hope Chen leaks some sell through info tomm in Hong Kong.
Also, when you filter unlocked phones by avg customer review, the Passport is #1.
I like the fact that we are seeing "Sold Out" signs all over the world but...
Lets not get ahead of ourselves gang.
What we can discern from the sold out signs is limited.
Clearly, there is a segment of the consumer population that is looking for a productivity tool.
There is a second segment that is looking for a standout device to separate them from the flock.
Things we don't know are; how limited is the supply? How fast can production be ramped up? Is Passport cannibalizing other BB10 sales?
We'll have to wait until next ER to answer those questions. The Overall Market has entered a correction phase due to wildly overbought conditions and global instability.
If I had the cash, I'd average down. Since I don't, I'm playing the Long game and waiting for the market to turn.
Stay Calm and BlackBerry On!
And on related BlackBerry biz news. The back ordered Passports from Shopblackberry are starting to ship.
I ordered Oct 3 around 715pm ans got an email early this morning saying it shipped and was due in by noon!
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Excited ? ...... YES
HTC TOUCH, Nokia-N97, BlackBerry Torch 9800, Z10
The phones are selling out because the shops did not want to order very many. Yes, it's good that they are selling out, but the fact is that shops put in very low orders for the phone in the first place. Still, it's much better than the last time, when millions of Z10 were sitting in back rooms while sales staff did their best to dissuade people from buying them.
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Sold out but no word on verizon screaming to be a carrier?
Ya, I won't hold my breath.
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Good point. If Verizon wants to throw its hat in the ring and get a CDMA version of the Passport on it's network, imagine the implications. Let's see if the tone changes with the release of the Classic.
It's worth noting, I'm removing my number off of my Verizon corporate business account to bring my personal line to AT&T, since Verizon doesn't support my soon-to-arrive Passport. Verizon has the best service in my area, but they are losing me because they don't support my device of choice. I wonder if I'm alone?
That's the best way to get the message to Verizon.. by letting them know you are talking your business to their competitor!
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