07-01-13 12:02 PM
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  1. njblackberry's Avatar
    And yet some are sure it is all market manipulation.
    Of course they are also "long"...
    07-01-13 11:19 AM
  2. greyw0lf01's Avatar
    Shorts can maintain their position for a good long time. If you look at the price chart from last year when the stock was in the $6 range and then its run up to higher levels... the short interest also tracked that price move. Now that the price has come down, the shorts feel like they can maintain their shorts because their investment thesis says BB10 won’t transform the company.

    W/ Friday’s poor earnings announcement, those shorts are embolden more because BBRY no longer has any friends in the analyst community. All those who stuck their necks out to say they see lots of device sales look like idiots and their credibility is shot; they won’t be out rallying clients and any good news will immediately be discounted.

    Until you feel like everyone around you has the same branded product as you... keep your investment dollars in a less volatile investment.

    Also, the idea that share price will rise because of buyout assumes that BBRY is showing the market something positive, potential buyers could just wait for the share price to erode further especially if cash burn picks up.

    & stop saying the shares are undervalued.... undervalued relative to what? The company is facing serious headwinds from both the high and low end of the market.

    A year aNetflx, was a $50/company, 2 years ago it was almost a $300/company. What happened, the lost subscribers and couldn’t control costs... their future growth was in doubt... now that they’ve resumed growing again and have new intersesting content the share price is back up.

    It’s not the shorts that are running the company, it wasn’t the shorts who decided to deep six the playbook... it’s not shorts who are leading the marketing campaign nor is it shorts giving interviews saying that this platform is weak and that platform is stale.

    There’s blood in the water and MSFT is going in for the kill.
    07-01-13 12:02 PM
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