Originally Posted by
morganplus8 [B]CJ[/BBBRY - the best time to start a position in a stock is at major support, yesterday we saw BBRY touch its 50-dma ($ 7.45/shr) for a moment and then rally to "even" on the day while the DOW/S&P dropped hard. The stock is showing signs of bottoming out here and if the general market had not tanked it would have been a positive day for the stock. And so the logical point to place a bet is at the 50-dma on Monday. If the stock tests that level again, you would be a buyer of options/stock.
In all, a bad finish to a great week, let's regroup on Monday and resume the rally.