View Poll Results: Did you buy shares ?

Voters
1110. You may not vote on this poll
  • Yes, I'm acting now !

    694 62.52%
  • No

    416 37.48%
  1. Superfly_FR's Avatar
    I'd like a new CEO plain and simple. Someone who tackles all the problems the company is facing and is transparent. In this day and age a 30% quarter earnings drop triggers an investigation. None will happen as I'm sure there isn't anything fishy going on at BBRY but this CEO just says everything so vague as a way to shelter issues. Not cool.
    "Sacrifice" is never a good sign. Never.
    06-28-13 10:07 AM
  2. z10fido's Avatar
    I told you guys from the start thor is a liar and a bad ceo. The bulls played you guys hard. The market is corrupt and look who played you guys like a fiddle. Detweiller is more honest than thorstein

    Posted via CB10
    danprown likes this.
    06-28-13 10:09 AM
  3. matthewriedle's Avatar
    Why do people keep saying 2.7M sales. It was shipped right? With no sell through numbers?
    Blackberry sells to the carrier. The Carriers sell to the consumers. This is not rocket science.
    cjcampbell likes this.
    06-28-13 10:10 AM
  4. gohan_bcc's Avatar
    "Sacrifice" is never a good sign. Never.
    Hardly a sacrifice. The guy is a terrible pulic speaker and honestly has no idea how to run a business. If this were any other company (not tech). There would be investigations coming left right and center. A 30% loss is not acceptable in 2013 as a result of earnings.

    I want a CEO who is transparant. I don't care if he tells me their FY2014 has been reduced as a result of slower sales. I'll take a 4% wack week over week for 8 weeks instead of a 30% wack in one day.
    06-28-13 10:11 AM
  5. Superfly_FR's Avatar
    The reason why most in this thread were surprised by the numbers is because you ignored data which did not agree with your wishes.

    There were explicit data from Kantar every month which showed market share was poor, which was completely ignored, and reasons were invented why the numbers were inaccurate.

    In addition everyone knew Blackberry 10 handsets were very expense, and would therefore not perform well. Yet people still held fantasies of 5-7 million sold. There is an obvious correlation between price and sales, which is why BB7 handsets outsold BB10 handsets nearly 2:1.

    People allowed themselves to be misled by window dressing like the sales of thousands of BB10 handsets is a London department store, when they had actual Kantar numbers which shows BB had a 0.7% share in US and 5.6% share in UK.

    It was also extremely obvious that Statcounter data was being manipulated up by who knows who, which should have rang alarm bells, but for some reason people just ignored it. The whole point of such a move would be to fool the longs, not the shorts.

    Willfully ignoring independent sources of data is the reason many are now in the red.
    I believe most of us have frequently issued "don't expect too much" warnings here. Yes, some of us have dreamed this E.R will be fireworks and shorts would be squeezed. But most didn't.
    The fall of stock value (what a rock : about 30% *ouch*) may not last, but it'll be a long process to come back to the $14 range.
    Alright, let's take this punch in the face.
    And let's ... keep moving.
    We're not dead. (Sun Tzu style)
    06-28-13 10:13 AM
  6. cjcampbell's Avatar
    Holy drive byes .... 3 more added to ignore.....
    06-28-13 10:13 AM
  7. Charles Martin1's Avatar
    The management team said that demand was much better than expected. We've been lied to. They weren't just quiet, they lied. Trust is gone.

    What helps me make my decision to leave is that I made a sh!tload off of my BCM today and a lot of my other stocks are green.

    I just sold off. All the best!
    06-28-13 10:14 AM
  8. Superfly_FR's Avatar
    Hardly a sacrifice. The guy is a terrible pulic speaker and honestly has no idea how to run a business. If this were any other company (not tech). There would be investigations coming left right and center. A 30% loss is not acceptable in 2013 as a result of earnings.
    You refer to the stock value (-30%) I believe. Let's wait a little and see where we are next week.
    06-28-13 10:14 AM
  9. cjcampbell's Avatar
    The management team said that demand was much better than expected. We've been lied to. They weren't just quiet, they lied. Trust is gone.

    What helps me make my decision to leave is that I made a sh!tload off of my BCM today and a lot of my other stocks are green.

    I just sold off. All the best!
    Thanks Charlie. Good luck man.
    lcjr, take99 and m0de25 like this.
    06-28-13 10:14 AM
  10. Superfly_FR's Avatar
    BlackBerry is dead. It's plain and simple.
    Rinse and repeat ... for over two years already. Boring.
    No, they're not.
    06-28-13 10:15 AM
  11. Triplell's Avatar
    Can't anyone take an investment loss as what is is - a loss? An educated one at that. There were longs and shorts. I lost 27% of my ALL IN on blackberry total life savings (my only stock holding) on the drop today (Thunder - beat your loss BTW...). I'm OK with that - because I was taking an educated risk on this investment. It could have went the other way, and we certainly all hoped it would, but this is not free money. Just like the people with huge investments in real estate property in Canada will soon find out. And you wouldn't be telling yourself you were stupid, or need a reprimand, or whatever. I thought downside risk was 15% today, but the numbers just blew more than I could imagine, by FAR. So we're at 27% down. Perhaps we'll see some buyers (as in buy-OUT) line up now knowing that blackberry is hurting at this point more than they wanted to be. It's gotta be worth $15-20 on a buyout.

    I think by end of next week we'll be sitting around $12.
    Meh. If you invest into a single stock, you are not investing...you are gambling. Not to say there is anything wrong with that. You likely get better odds then they offer at a casino.
    06-28-13 10:16 AM
  12. swaxolez's Avatar
    Well how do like them apples? I sold and luckily got out where I entered back in November. So nothing gained - nothing lost. I think downgrades will come and honestly believe BlackBerry will see single digits soon enough. It really doesn't look good. Bottom line is no big name apps coming anytime soon. No Playbook tablets anymore = less incentive for developers and people who invest in apps. BBM to all devices is now looking like the final nail as it will disperse interest in BlackBerry only devices. I will sit in the sidelines or maybe buy Apple again. Bummer for Canadian tech.

    Posted via CB10
    06-28-13 10:16 AM
  13. koolrosh's Avatar
    It's come up a bit in the last 30 minutes..

    Posted via CB10
    06-28-13 10:16 AM
  14. Tinomane's Avatar
    Is there a transcript of the conference call available yet?
    06-28-13 10:16 AM
  15. YangFui's Avatar
    What about downgrades? They must be sure to come.
    I really don't think so. If anything, I think it's more likely that we will start to see upgrades. As others have said, the company is undervalued at this point ($10.5 US). Furthermore, it would be a tough call to downgrade a stock that's already down 26% unless the underlying company is likely to go out of business with no chance of being rescued by a buy-out (think Enron or Pan Am). I think even the most skeptical analysts don't really believe that would actually happen to BBRY--at least not any time in the next few years.

    As you probably know, there is also an old adage about buying on bad news. There are books on contrarian trading strategies that promote this idea especially when the bad news causes the SP to become undervalued. And by all reasonable and available measures, BBRY is officially undervalued. Furthermore, we're not in a free fall at this point so there is no mass exodus taking place. In fact, we're already trending up from post-open lows on the day... I personally think the worst is over.

    We're all wrapped up in the minute-by-minute or day-by-day SP but the rest of the world is just going to continue living, going to stores, reading reviews and blogs about Blackberry products, switching plans, buying phones and accessories; enterprises are going to continue to evaluate the latest technologies on the market, the quality and usability of the phones, etc., etc. Blackberry as a company is still going to hum along and continue what it already started before today's quarterly checkpoint.
    06-28-13 10:17 AM
  16. gohan_bcc's Avatar
    You refer to the stock value (-30%) I believe. Let's wait a little and see where we are next week.
    It is stock value in relation to earnings. Next week who knows which way it swings. There is going to be a lot less bull and a lot more shorts unfortunately. It's a sad day.
    06-28-13 10:17 AM
  17. slipstream89's Avatar
    anyone think that shorts have had their fun with this stock and start unloading? then maybe for once we can go to a normal trading level
    peter9477 likes this.
    06-28-13 10:20 AM
  18. Superfly_FR's Avatar
    The management team said that demand was much better than expected. We've been lied to. They weren't just quiet, they lied. Trust is gone.

    What helps me make my decision to leave is that I made a sh!tload off of my BCM today and a lot of my other stocks are green.

    I just sold off. All the best!
    "initial demand [...]" ... but I feel somehow like you at this moment.
    We'll miss you here, you could have held a hundred shares "in case of" ... who's gonna shout "MORE COWBELL" @ the $100 party ?
    Hope you'll come back sometimes, wish you the best in the meantime.
    jxnb likes this.
    06-28-13 10:21 AM
  19. lcjr's Avatar
    The management team said that demand was much better than expected. We've been lied to. They weren't just quiet, they lied. Trust is gone.

    What helps me make my decision to leave is that I made a sh!tload off of my BCM today and a lot of my other stocks are green.

    I just sold off. All the best!
    Would be nice to hear from you now and then though. All the best friend...
    06-28-13 10:26 AM
  20. psy fi's Avatar
    I don't think that's a good idea. Nobody can expect the company to turn around in a few months. Blackberry was headed for bankruptcy under the old management, and now there is hope for a better future. These things take time. You have to give Heins more time.

    I'd like a new CEO plain and simple. Someone who tackles all the problems the company is facing and is transparent. In this day and age a 30% quarter earnings drop triggers an investigation. None will happen as I'm sure there isn't anything fishy going on at BBRY but this CEO just says everything so vague as a way to shelter issues. Not cool.
    06-28-13 10:29 AM
  21. YangFui's Avatar
    The reason why most in this thread were surprised by the numbers is because you ignored data which did not agree with your wishes.

    There were explicit data from Kantar every month which showed market share was poor, which was completely ignored, and reasons were invented why the numbers were inaccurate.

    In addition everyone knew Blackberry 10 handsets were very expense, and would therefore not perform well. Yet people still held fantasies of 5-7 million sold. There is an obvious correlation between price and sales, which is why BB7 handsets outsold BB10 handsets nearly 2:1.

    People allowed themselves to be misled by window dressing like the sales of thousands of BB10 handsets is a London department store, when they had actual Kantar numbers which shows BB had a 0.7% share in US and 5.6% share in UK.

    It was also extremely obvious that Statcounter data was being manipulated up by who knows who, which should have rang alarm bells, but for some reason people just ignored it. The whole point of such a move would be to fool the longs, not the shorts.

    Willfully ignoring independent sources of data is the reason many are now in the red.
    As a community of BBRY enthusiasts and profit-motivated traders, it might be a good idea to prepare ourselves a bit better emotionally and financially (as a group) for the next ER checkpoint. I, for one, would like to present/discuss some trading strategies that hedge against an unanticipated downside move, such as buying protective puts or selling calls--strategies that might be new to some investors here.

    No one here (or in any forum, for that matter) wants to embrace outright trolls but not everyone who expresses an alternative/conservative view is a troll. While I think this forum has been fair to most posters who are respectful to the group, I recall that some posters were wrongly accused of being trolls when they simply chimed in with a differing or opposing view. Unless you're long and holding and don't wish to manage risk, perhaps we can try to be bit more receptive as a group to serious contributions that express a neutral or bearish view and be more willing to factor those contributions into a smart trading plan for the quarters ahead.
    cjcampbell, psy fi, lcjr and 15 others like this.
    06-28-13 10:31 AM
  22. greggebhardt's Avatar
    anyone think that shorts have had their fun with this stock and start unloading? then maybe for once we can go to a normal trading level
    Not a chance. As long at BBRY remains "volatile" shorts will rule.
    psy fi likes this.
    06-28-13 10:32 AM
  23. gohan_bcc's Avatar
    I don't think that's a good idea. Nobody can expect the company to turn around in a few months. Blackberry was headed for bankruptcy under the old management, and now there is hope for a better future. These things take time. You have to give Heins more time.
    Heins has always been a terrible speaker. He always shelters behind every question he gets. Maybe he is doing a good job maybe he isn't. But what he needs to be is a hell of a lot more transparent. There is too many IF's in the BlackBerry equation and until now we all had to have blind faith. I have lost all faith in this company as in the 7 years of investing I have NEVER faced a single day 28% loss. I'm out 7 figures today and that's a really big **** off on a company I truly believed in.

    Best of luck to everyone i'm taking out my entire position and putting it into a company that has it's head on its shoulders. I do hope they kill it for you guys as I know this was important money and life savings and it breaks me to know some people are going to be really affected by this.
    fedakd and Geeoff like this.
    06-28-13 10:33 AM
  24. bigbadben10's Avatar
    Selling today is so short sighted. At least wait til next week for the bounce...

    Not selling a single share here.

    Glad to see some leaving this thread.

    Posted via CB10
    gg22 and peter9477 like this.
    06-28-13 10:34 AM
  25. greggebhardt's Avatar
    The management team said that demand was much better than expected. We've been lied to. They weren't just quiet, they lied. Trust is gone.

    What helps me make my decision to leave is that I made a sh!tload off of my BCM today and a lot of my other stocks are green.

    I just sold off. All the best!
    Can't blame you. You are correct and they lost all trust from many. As far as me, I never trusted TH and still think that BBRY would be better off without him!

    Good Luck!
    gg22 likes this.
    06-28-13 10:34 AM
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