View Poll Results: Did you buy shares ?

Voters
1106. You may not vote on this poll
  • Yes, I'm acting now !

    693 62.66%
  • No

    413 37.34%
  1. Shanerredflag's Avatar
    :thumbup: would you say this is a good book and starting point of learning charts for a dummie like myself as well? Easy to read and understand etc.
    It's a classic and yes understandable...If I can understand it anyone can There are a ton of great books but this one is certainly up there on the scale.
    abouthsu likes this.
    02-26-13 05:57 PM
  2. kfh227's Avatar
    Regarding frequent trading, I think confirmation bias makes them fall victim to perceived performance when if they actually tracked their gains/losses (especially after fees and taxes), they would realize their folly.
    02-26-13 06:08 PM
  3. kfh227's Avatar
    Honestly, if technicals were bs, there would not be all these day traders and swing traders running around. There will also not be people who could make a living off a day trading career. AND! People will not be calling Morganplus8 the "Prophet" LOLOLOL.
    Who says they are making money?
    02-26-13 06:09 PM
  4. Charles Martin1's Avatar
    i dont think a OS update will help the price of the stock.....
    I had an update the other day for my z10. Extending battery life was one of the fixes.
    02-26-13 06:32 PM
  5. TorontoKhan's Avatar
    I support BBRY, but I don't have money to buy the shares. I have actually saved up for BBZ10 and had been loyal user of BB for over 5 years now. Go BBRY.
    02-26-13 06:36 PM
  6. OMGitworks's Avatar
    No way technical analysis is 70% accurate or predictive.. Most PROFESSIONAL traders can't even beat the indexes. Its one school of thought. Useful but not the end all or be all. Most day traders lose money and end up broke. Tech analysis is a helpful guide and crutch, but it requires interpretation and experience to use properly. Maybe it tilts your odds above 50/50, but 70%, I would never believe that. Charts always look great after the fact when you know where you have been and where you actually went.

    M+8 posts charts with thoughtful analysis and obviously has experience behind what and how he is looking at things. I enjoy and appreciate his work, but I am willing to bet he won't claim they are always right or that he has never lost money on a trade. Maybe he would go to 70% but personally I wouldn't go that far. Respectfully, and I mean that, I bet if we went back and looked at even his charts, that they wouldn't be perfect or more than 70% predictive. Tech analysis tells us what the author and theories SHOULD happen, but that doesn't mean it WILL happen. BBRY proves that.
    joe.miller likes this.
    02-26-13 06:36 PM
  7. OMGitworks's Avatar
    Honestly, if technicals were bs, there would not be all these day traders and swing traders running around. There will also not be people who could make a living off a day trading career. AND! People will not be calling Morganplus8 the "Prophet" LOLOLOL.
    Most fail and end up bankrupt. Almost all of the rest are lairs about their performance. The studies I have seen say that less than 10% of day traders can actually make a living over any period of time.
    02-26-13 06:40 PM
  8. morganplus8's Avatar
    morganplus8, are there peer-reviewed studies showing the efficacy of the kind of technical analysis you are doing?

    I'll be honest and say I've always been skeptical of chartists. I pretty much think along the lines of Malkiel who opined that it's much like astrology. If there is scientific evidence for this, I'd of course change my mind.
    Here's something for you, I wrote my peer reviewed and published dissertation challenging Joseph Stiglitz and Eugene Fama with regard to their hypothesis of Efficient Market Theory or EMH/EMT. For decades, it was assumed that all markets work/clear in an efficient manner. I proved that this was no longer the case, using empirical/statistical reference, I was able to assign a probability that EMH was no longer explanatory or useful for clearing trades in the stock market. One of the tools I used was Bollinger Bands which is a great statistical vehicle for determining whether stocks trade within prescribed boundaries until there is something injected into the trade to make it "adjust itself" higher or lower. The short of it is this, I was successful in providing statistical reference to the fact that a significant number of historical stock trade patterns could not be explained via the EM Theory. Now, if Charles Martin1 wanted to really argue with my use of technical analysis, he would need go no further than quoting me from my own dissertation! (Am I the only one who sees the humor in all of this?)

    To answer your question, the best empirical information out there is derived from these two gentlemen. If you Google them, you will learn a great deal about the market and how it clears through daily trading, and how it absorbs news and reacts and adjusts to new levels of information. As you well know, not everyone is privy to all of the inputs to the trade at the same time. Thus there is some room to debate the usefulness of technical trading. As much as I like TA, I also hold an MBA, among other degrees, and I can assure you, BlackBerry has to stand on its own financials too. You might see how TA works in many situations, such as the past 11 trading days when the price of the stock always rallies to its 5-dma and fails to continue, only to react and head lower. This is normal trading and nothing we should be concerned about. After trading for a very long time, and, having personal access to fundamental information and the ability to decifer it, I would conclude that every trader/investor needs to know how "others" are trading, and let's face it, many are making use of TA.

    If I think of a particular article or book I'll be sure to pass it along to you. GL
    02-26-13 06:55 PM
  9. BBNation's Avatar
    Today's DoD news confirmed that they got 470000 BBs and this is what I have been saying that big US goverment users is cream for BB and BB/Carriers need to get z10 and q10 out ASAP before further damage is done. That is just one department with almost half million BBs, add other goverments, businesses including banks,..22% of total BBs market share is still USA
    morganplus8 and Nindia like this.
    02-26-13 06:57 PM
  10. Shanerredflag's Avatar
    Facinating stuff...So much to learn.
    02-26-13 07:05 PM
  11. Charles Martin1's Avatar
    Sounds like you have been burned pretty badly in the past. Let's call it a draw, I'll produce some charts for those who seem to want to see them, and you cover the economincs of trading stock. We are all in this to make money in the end here, cheers.
    Lol, not yet. I just mean that at this stage, with this stock, the most we can do is plot where it's gone. I never meant to offend you. Probability, normalization, regression analysis, etc. have been my areas of expertise for some time. The horrible thing with this stock is that the manipulation is able to bring us well outside of what we might expect.

    Personally, I love and look forward to your charts.
    Shanerredflag and BBNation like this.
    02-26-13 07:06 PM
  12. morganplus8's Avatar
    Lol, not yet. I just mean that at this stage, with this stock, the most we can do is plot where it's gone. I never meant to offend you. Probability, normalization, regression analysis, etc. have been my areas of expertise for some time. The horrible thing with this stock is that the manipulation is able to bring us well outside of what we might expect.

    Personally, I love and look forward to your charts.
    Thanks Charles!

    I must have you all wrong, I thought you sounded like you have had enough of all of this nonsense! I know, it is a pain when the stock continues to back up like this, but we didn't feel that way on the run to $ 18.32/shr when the shorts were screaming. I don't think of myself as a nerd but when I look back at my education and experience, I must admit, my strongest subject was Stats! I'm not actually telling people what to do with their money, I just want some of us to see the same thing and go "hmmnn?". We're probably a lot alike man. LOL

    Let's see if we can make some money here and thanks again for your support!
    john1110, BBNation and bungaboy like this.
    02-26-13 07:15 PM
  13. Charles Martin1's Avatar
    Thanks Charles!

    I must have you all wrong, I thought you sounded like you have had enough of all of this nonsense! I know, it is a pain when the stock continues to back up like this, but we didn't feel that way on the run to $ 18.32/shr when the shorts were screaming. I don't think of myself as a nerd but when I look back at my education and experience, I must admit, my strongest subject was Stats! I'm not actually telling people what to do with their money, I just want some of us to see the same thing and go "hmmnn?". We're probably a lot alike man. LOL

    Let's see if we can make some money here and thanks again for your support!

    Yeah. I'm seriously tired of the stock manipulations.
    02-26-13 07:24 PM
  14. StormieTwo's Avatar
    I think everyone is feeling a little testy with the state of the SP and the vacuum of solid data. BBRY will announce Year End results on Thursday, there will likely be little or no upside impact from the sales of Z10. (Consider the cost of bringing it to market, advertising, etc.) If we are lucky they may give a less cryptic hint at sales. RIM stopped giving forward guidance, don't expect them to change their position on that front. We were, however, warned to expect two bad quarters before the December report. December was "not as bad" as expected, let's hope that February will be as well. The real news won't come before June, no matter what a bunch of geeks/fans/true believers/(insert_personal_label_here) in a chat room might hope/wish/demand. We are all very small fish in a very big ocean, so Stay Calm/Carry on & enjoy the view!
    Morgan - you just keep the charts coming.
    Martin - you keep the insight coming to, its good to have our M8 defend his position, it will keep him sharp!
    02-26-13 07:26 PM
  15. john1110's Avatar
    Samsung tries knocking enterprise market with security arms called 'knox'.
    I jsut like BB's simple comment back!

    BlackBerry's response to Samsung's SAFE Knox for enterprise: 'We've been doing that since 1999'
    02-26-13 07:57 PM
  16. pooger's Avatar
    I like everybody's input in this thread. Makes me think three times about everything which is healthy.
    02-26-13 08:06 PM
  17. Tinomane's Avatar
    Samsung tries knocking enterprise market with security arms called 'knox'.
    I jsut like BB's simple comment back!

    BlackBerry's response to Samsung's SAFE Knox for enterprise: 'We've been doing that since 1999'
    Shots fired.
    02-26-13 08:18 PM
  18. morlock_man's Avatar
    Sorry to say this, but I wouldn't be bothered if the stock stayed low for another week.

    I just filed my taxes and I want to be able to pick up some more cheap shares before they start their climb leading up to the earnings call.
    02-26-13 08:26 PM
  19. leafs123's Avatar
    Samsung tries knocking enterprise market with security arms called 'knox'.
    I jsut like BB's simple comment back!

    BlackBerry's response to Samsung's SAFE Knox for enterprise: 'We've been doing that since 1999'
    Good on BB to respond. Working on Bay St, I have noticed Samsung booths around the Toronto PATH (underground tunnel connecting office towers) where they are promoting this whole safe for business thing. The locations of the booths change daily and have to say that every time I have passed by, they were empty. However, I walked into a cell phone store and saw lots of business people checking out the Z10 and being impressed. I have also heard positive chatter in elevators and in the hallway at my place of work. Just wanted to note that.
    Shanerredflag and bungaboy like this.
    02-26-13 08:32 PM
  20. lcjr's Avatar
    Today's DoD news confirmed that they got 470000 BBs and this is what I have been saying that big US goverment users is cream for BB and BB/Carriers need to get z10 and q10 out ASAP before further damage is done. That is just one department with almost half million BBs, add other goverments, businesses including banks,..22% of total BBs market share is still USA
    Yep, there are a few of us on this forum that work for Department of Defense. My organization just ordered a couple hundred BBs to replace old stock. We use Blackberry. You can read all you want about employees being able to bring Apple, Google, and Microsoft phones into the organization, but know this. Not all organizations within the DoD have the need for critical safeguarding. Those organizations that do have strengent requirements use Blackberry. Those that do not may allow other phones, but they will be locked down so tight that the employees will regret pushing for what they didn't know or they will need a second phone. Not everything you read in articles is the whole truth.
    Last edited by lcjr; 02-26-13 at 08:57 PM.
    02-26-13 08:46 PM
  21. Andrew4life's Avatar
    Good on BB to respond. Working on Bay St, I have noticed Samsung booths around the Toronto PATH (underground tunnel connecting office towers) where they are promoting this whole safe for business thing. The locations of the booths change daily and have to say that every time I have passed by, they were empty. However, I walked into a cell phone store and saw lots of business people checking out the Z10 and being impressed. I have also heard positive chatter in elevators and in the hallway at my place of work. Just wanted to note that.
    I think the distinction is that Samsung Safe technology is really for IT people. The average user doesn't really care. Just like how many people have been saying the security on the BlackBerry phones are useless to the average consumer. Not sure what Samsung is trying to do by setting up a booth. Are they hoping some IT people will walk by?
    02-26-13 08:48 PM
  22. DudeBB's Avatar
    Hi,

    I am new to this forum but I see some people here that are not associated with brokers and similar kind of people. After 10 years in stock market I can tell that TA doesn't work, fundamentals don't work either. Charting is fun to draw and it is possible to draw it in any way you want. I guess, most of traders wait for chartists to buy at turn overs, or on breakouts, etc. you name... Charts - it is yesterday's a hamburger which you through into garbage. Fundamentals is kind of of looking at the future. But nobody knows future, for sure.

    My point is:
    Market works on current data. How it works?
    All economy is based on GDP. Look on wikipedia what it is about. It is based on three outputs. read yourself. Each company has to provide numbers on sales and materials, etc. every day to FED. RIM is one of them. FED calculates what GDP should be based on numbers from all companies around US and Canada and how much each company is valued based on sales. Every morning market makers adjust companies' stock prices. It explains gaps at market openings.Thus, stock price reflects current situation with sales.

    Also, most of people are using debit and credit cards every day and all transactions go into one database. It give pretty good outlook on everyday state of economy.

    In my opinion, BB is a good company. At least, it does something. Also, market needs "bubbles" to attract "loosers". Usually, when company is doing good then buy back own shares, kinda investing in itself. They hire trade houses to drive prices down easily paying them good fees.
    02-26-13 08:57 PM
  23. Alexander Tran's Avatar
    I believe all different types of ways of trading have their own merits. I'm a fundamental investor at heart, but I also use technicals to gauge volatility and whether or not it's "safe" to use a little margin.

    It is what it is...I think to say that one way is better than the other is foolish.

    In our case, I think BBRY is fundamentally sound...and if I had more time on my hands, I would use technicals as triggers to do more frequent trading. For the time being though I'm just holding heavy and holding long.
    I totally agree with you. Fundamentals allow you to determine the stock you want to invest in. Technicals allow you to determine entry and exit. They also let you play the stock However, I do believe that both of these techniques can be used alone without the other with the examples being day trading and "buy and hold".

    Technicals will help fundamental investors determine a better entry or exit price.On the other hand, fundamentals can help technicals play earnings appropriately.
    morganplus8 and bungaboy like this.
    02-26-13 09:01 PM
  24. DragonFlyer's Avatar
    I stopped at Future Shop to pick something up for my son and of coarse I couldn't pass the Z10 without playing with it. The salesperson said "We sold a lot the first week but now we are only selling a few a day." Sounds like initial demand is gone and everyone that was waiting to get one has gotten one. Selling a few a day to me means 3 or 4 units. Is this still enough to be a good thing? I will let someone else do the math. Maybe they are only selling a few a day because that is all they are getting in but that wasn't the first impression I got. It was only an afterthought. I did like the advertising.

    The BBRY Café.  [Formerly: I support BBRY and I buy shares]-img_00000083.jpg


    In my small group of friends, co-workers, and acquaintances 9 of them have purchased a new phone this month, 8 Z10s and 1 sg3. I know that is only a small group of people and doesn't really paint the big picture but one thing surprised me. The biggest iphone supporter in my group of friends showed up the other day with his new Z10.
    morganplus8, john1110 and bungaboy like this.
    02-26-13 09:02 PM
  25. lcjr's Avatar
    Hi,

    I am new to this forum but I see some people here that are not associated with brokers and similar kind of people. After 10 years in stock market I can tell that TA doesn't work, fundamentals don't work either. Charting is fun to draw and it is possible to draw it in any way you want. I guess, most of traders wait for chartists to buy at turn overs, or on breakouts, etc. you name... Charts - it is yesterday's a hamburger which you through into garbage. Fundamentals is kind of of looking at the future. But nobody knows future, for sure.

    My point is:
    Market works on current data. How it works?
    All economy is based on GDP. Look on wikipedia what it is about. It is based on three outputs. read yourself. Each company has to provide numbers on sales and materials, etc. every day to FED. RIM is one of them. FED calculates what GDP should be based on numbers from all companies around US and Canada and how much each company is valued based on sales. Every morning market makers adjust companies' stock prices. It explains gaps at market openings.Thus, stock price reflects current situation with sales.

    Also, most of people are using debit and credit cards every day and all transactions go into one database. It give pretty good outlook on everyday state of economy.

    In my opinion, BB is a good company. At least, it does something. Also, market needs "bubbles" to attract "loosers". Usually, when company is doing good then buy back own shares, kinda investing in itself. They hire trade houses to drive prices down easily paying them good fees.
    Dude, I have no idea what you are trying to say. Maybe it's over my head or maybe you should consider using a better translation program. I do mean that in a respectful manner.
    DragonFlyer likes this.
    02-26-13 09:04 PM
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