The BBRY Café. [Formerly: I support BBRY and I buy shares!]
Call me a dreamer, a fanatic, a fool or whatever, I'm just buying some RIM shares right now.
While I think it can't really hurt me and I may have a delicious surprise in,say, 5 years, I'm not doing this in a speculative vision, just a support action. As my savings are low, I'll not spend a lot, so maybe I'll buy only 5.
How many of us (and friends) can afford this ? I don't know ...
But if we actively buzz this, it may ... oh, yes, I'm a dreamer...
:cool: But just imagine 10% of BB users claiming five shares ...
P.S: Yes, I'm a part of the 99% : I have no other share anywhere.
Edited 09/22/2012 : The original title "I support RIM : I buy share" was misleading many contributors. As of date, I modified my #1 post title and ask mods for the thread title change with : "I support RIM and I buy share". Slight difference, but I believe it gives another meaning to this sentence, closer to my opinion.
Edited 02/04/2013 : RIM have changed their name to BlackBerry. Therefore, the title change to "I support BBRY and I buy shares !". P.S : This change is subject to mod appreciation so that it may not appear clearly in the forum ... (done : THANK YOU whoever is pressing the button !)
Edited 12/21/2013 : M. Chen is now CEO of BlackBerry and we've seen the best E.R (with a +16% stock day performance) for years. Yet, we all remain cautious an prudent. As an additional warning, I'd like to quote Chris' blog post :
Originally Posted by Chris Umiastowski
Betting on the stock is a bet on the company’s ability to stem the losses on hardware while building up new revenue in the enterprise business. If you’re convinced they can succeed, you should probably buy the stock (and you get any potential
BBM upside for free at this point). Otherwise stay away. And
no matter what … take responsibility for your own decisions. If you’re going to complain and blame someone else for an investment loss then you are not enough of a grown up to own stocks.
Edited 05/10/2016 :
[info]
Dear regulars and visitors,
As you may have noticed, our long lasting thread has been renamed.
This happened in order to adapt the title to the current situation and offer a wider scope to our discussions.
While we still encourage contributors to focus on BBRY related news, we understand that regulars may want to discuss peripheral news (i.e "markets" in general or BlackBerry to the largest extend) and add some friendly chat here and there.
So, please feel comfortable in our new caf�: sit back, relax, enjoy the place and remember it's aimed to be a friendly place where controversial arguments can be exposed and discussed in a peaceful manner. As in real life, “le taulier” (OP) will try to keep the place welcoming but derails will be handled by the stewards (mod team): general Community Rules and Guidelines still apply.
We sincerely hope all parties will be satisfied with this new approach,
Thanks for being part of the CrackBerry heart !
The mod team
[/info]
PLEASE READ CAREFULLY
If you're not used to deal with stocks, the following should be your starting point.
1. This is real money. Your money. There's no tryouts nor refunds.
2. You must establish what is your capacity before entering the game. Set it and keep it as an absolute limit (you can add later, depending on your revenues profile). Generally, something like 15% of your currently available and free cash is a reasonable amount. Do not speculate with money you don't own in full (credit). If you lose, don't rely on things like "averaging down" or "buy on dips" unless you have additional cash that fits with this rule.
3. Stay calm. Looking at the stock on a day basis is hard for your nerves. Either good or bad, fluctuations can happen very fast.
4. We are a drop in the bucket, even those of us with 100s K $ in the game are nothing if we compare to the global cap (count in $K Billions)
5. Those playing "against" you have more power, more money and know how the market can react. You don't. Do not use "everyday" logic here. This "game" has its own rules and it takes a while to understand/accept them.
6. One possible approach is to play "long" (counting in years), this particular approach is the one I suggested when starting this thread back in Nov. 2011. I personally stick to this approach, as it appears to be somehow the most adapted for rookies like us, engaging tiny amounts and with very limited skills. Be careful about fees/taxes you may have to pay for each transaction: they can ruin your gains easily.
7. Please be aware that if you consider investing in stocks, mixing different companies and types of investments (ex : safe, aggressive, short term, long term) is highly recommended.
8. Last but not least : stay humble and prudent.
Disclaimer : By no mean I intend to forecast a raise of the shares or any kind of advantage. You have to perform your own research. Positions, experiences, questions and suggestions made in this thread are personal views and NOT authorized investment instructions. Be aware that You can lose everything and neither I nor any contributor in this thread will be responsible for this in any circumstance.
:) Good luck !