Pinch Your Nose and buy BBRY NOW. Before Chen Speaks.
Looks like BB10 is winding down....barely any sold this Q, the platform is an epic fail.
That being said, stock reaction, given the 4.4B writedown, is very muted -7% as i type, which is the new floor.
I expect Chen will lead a positive call and the $5.80 is NOT the collapse shorts wanted. As there is no collapse here, shorts have to begin the reverse.
The cash position is very strong, $3.2B, and shorts will now be Forced to cover.
Do this at your own risk and try not to bet (not invest) any sums you cannot afford to lose.