BBRY short interest reaches 118 million shares...
- The shorts are pretty smart... They create a rumor about Samsung, get everyone doing some knee jerk buying, and now they will be wanting to just get out of BBRY as quickly as they can. Will be plenty of opportunity for those willing to buy...
Personally I think one day someone will buy BlackBerry... maybe in the next few months for $12 - $14 a share. Maybe next summer for $8 - $10 a share - cause if the Classic doesn't sell Millions, and both over all sales and revenue continue in the current direction they have been. Investors will be getting out of BBRY...01-15-15 07:18 AMLike 0 - The shorts are pretty smart... They create a rumor about Samsung, get everyone doing some knee jerk buying, and now they will be wanting to just get out of BBRY as quickly as they can. Will be plenty of opportunity for those willing to buy...
Personally I think one day someone will buy BlackBerry... maybe in the next few months for $12 - $14 a share. Maybe next summer for $8 - $10 a share - cause if the Classic doesn't sell Millions, and both over all sales and revenue continue in the current direction they have been. Investors will be getting out of BBRY...
Posted via CB1001-15-15 09:31 AMLike 0 - sorry earlytobed but your wrong Samsung wants to buy but BB said no. However if they change their mind that's what they would pay $15 It's the short morons spreading FUD that's saying no one wants to buy Blackberry. Isn't it in their best interest for you not to buy BB shares on the assumption a buyout would occur. That's how short squeezes start. Everyone jumps in on the rumor making the price of shares spike, causing more pain and losses for shorts. That's what sort of happened when the last buyout rumor occurred and that's why short interest is now down drastically. They don't want to get caught again.02-16-15 05:35 PMLike 0
- Glenn brittle your wrong. It would not be in the shorts interest to make the stock go up. Only someone who wants to make some sleazy quick profits, buy spreading a buyout rumor and when the stock spikes they quickly sell for some easy big bucks.sentimentGX4 likes this.02-16-15 05:39 PMLike 1
- sorry earlytobed but your wrong Samsung wants to buy but BB said no. However if they change their mind that's what they would pay $15 It's the short morons spreading FUD that's saying no one wants to buy Blackberry. Isn't it in their best interest for you not to buy BB shares on the assumption a buyout would occur. That's how short squeezes start. Everyone jumps in on the rumor making the price of shares spike, causing more pain and losses for shorts. That's what sort of happened when the last buyout rumor occurred and that's why short interest is now down drastically. They don't want to get caught again.
Posted via CB1002-16-15 06:41 PMLike 0 - sorry earlytobed but your wrong Samsung wants to buy but BB said no. However if they change their mind that's what they would pay $15 It's the short morons spreading FUD that's saying no one wants to buy Blackberry. Isn't it in their best interest for you not to buy BB shares on the assumption a buyout would occur. That's how short squeezes start. Everyone jumps in on the rumor making the price of shares spike, causing more pain and losses for shorts. That's what sort of happened when the last buyout rumor occurred and that's why short interest is now down drastically. They don't want to get caught again.
As far as we know... no one is interested enough in buying BlackBerry to make a serious offer. Not saying a few companies or groups don't have their eye on BlackBerry and might have even made a few low ball offers. A LOT really depends on the next few months and if sales of Classic Hardware and BES Gold Licenses sudden explode... or not. If Revenues continue to fall and there isn't a IoT product ready.... any eventual sale will be for much less than $15 a share. So don't be surprised if the shorts return.... especially after the Classic goes on sale in the US. Many will be watching for any indication of what might happen with regards to sales of devices.sentimentGX4 likes this.02-17-15 09:46 AMLike 1 - I taught that both Samsung and BlackBerry denied the rumors and that regulators were looking into where these rumors came from.... so did Samsung want to buy BlackBerry, or just use BES to make KNOX work?
As far as we know... no one is interested enough in buying BlackBerry to make a serious offer. Not saying a few companies or groups don't have their eye on BlackBerry and might have even made a few low ball offers. A LOT really depends on the next few months and if sales of Classic Hardware and BES Gold Licenses sudden explode... or not. If Revenues continue to fall and there isn't a IoT product ready.... any eventual sale will be for much less than $15 a share. So don't be surprised if the shorts return.... especially after the Classic goes on sale in the US. Many will be watching for any indication of what might happen with regards to sales of devices.
Posted via CB1002-17-15 11:20 AMLike 0 - The Securities and Exchange Commission and the Ontario Securities Commission are in the early stages of examining trading activity around the time of a report by Reuters in January that Samsung was pursuing a takeover of BlackBerry for as much as $7.5 billion, according to people familiar with the matter. Investigators are looking at whether someone deliberately fed information to reporters at the news service for the purpose of profiting on the resulting stock increase, one of the people said.
Waterloo, ON – BlackBerry Limited (NASDAQ: BBRY; TSX: BB) (“BlackBerry”) is aware of certain press reports published today with respect to a possible offer by Samsung to purchase BlackBerry. BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry. BlackBerry’s policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further.
Thinking there never was a $15 per share offer as the Reuters report was the basis of all these rumors.... and I think a rejection would be part of having some kind of discussions.
This was a rumor... but you are free to believe what you want.02-17-15 11:55 AMLike 0 - Not if it was done through the representatives and you are right, I am free to believe what I like, as are you.
Posted via CB1002-17-15 11:59 AMLike 0 -
Too be honest I imagine that a number of tech companies including Samsung are watching BlackBerry and have put a valuation on where they might be interested in acquiring some of it's remaining assets at the right price.02-20-15 08:00 AMLike 0 -
- The nine times revenues is what I think is a bigger issue...
It might be something a buyer would do if a company were growing exponentially every year.... but not a company that saw over a 40% decline in revenues two years running.02-20-15 09:44 AMLike 0 -
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Posted via CB1002-23-15 09:00 PMLike 0 -
I do wonder the reason for the increase in short interest. I think the irrelevance of handset sales to the company has helped stabilize the share price. Shares used to plummet due to reports of abysmal handset performance but it's pretty hard to get worse than <0.5% marketshare not to mention undetectable.
Any future downward share movement from the channel will likely be a result of Wall Street losing patience in Blackberry's software offerings but when/if that happens is a complete crapshoot. Conversely, Chen may announce great results in that department. We really have no idea what is going on.02-23-15 11:27 PMLike 0 -
Microsoft agreed to pay about 0.35 times annual revenue, compared with the median of about 1.4 times for 60 wireless equipment-maker deals tracked by Bloomberg. That also compares with the 0.77 times revenue Google paid for Motorola Mobility, the data show.02-24-15 10:46 AMLike 0
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BBRY short interest reaches 118 million shares...
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