If the pattern holds, there will be a flurry of negative analyst's reports in the media soon to drive it back down. The stock market shortsellers have a fortune resting on BlackBerry failing.
Last year when people said BlackBerry would be a better investment in 2016 than Apple, the Apple fans laughed. Apple still has a great business and product, but the valuation is another question entirely
If the pattern holds, there will be a flurry of negative analyst's reports in the media soon to drive it back down. The stock market shortsellers have a fortune resting on BlackBerry failing.
I think the reality is the stock price has reflected the fortunes of the company. You can look at revenues, earnings and marketshare over these last 7 years and you can see why the value has dropped. It's not because of analysts or shorts, it's because of mistake after mistake after mistake made by BB themselves.
Now we're hopefully entering a different era. The company will be growing again and succeeding again. Analysts are always a trailing indicator. After they see the company succeed and grow, they will be tripping all over themselves trying to take credit for having seen it coming.
It's easy to dismiss all of this as manipulation, but the reality is the software business is the first growing business BB has had in many years. If they can focus on that, then $BBRY will continue to rise as that business grows.