Why Bloomberg and CNBC, Citi and Morgan Stanley are negative on BB10
The 2012 trade was to long Apple and short RIMM. This trade has not gone away in 2013 and some of the funds got seriously burnt when Apple fell although they made a killing on shorting RIMM. You still have many traders on the short side of RIMM trying to make a killing (about 30% of the float are in shorts). The typical short seller like Carson Block or Pershing Square is to write negative reports on a target after they have put on a large short position or as a broker, lent shares to funds shorting the entity. They then follow that up with a slew of negative publicity and sometimes completely erroneous reporting. Many of these negative press guys may not necessarily be iPhone or Android followers trying to bash the competition but also traders trying to make a quick buck publishing through the media.
Re: Why Bloomberg and CNBC, Citi and Morgan Stanley are negative on BB10
I wonder if anyone knows why CNET will no longer be doing the CES awards... the conspiracy is real. S#!t happens too, but let's not be naive.
Re: Why Bloomberg and CNBC, Citi and Morgan Stanley are negative on BB10
Originally Posted by
pcguy514 I wonder if anyone knows why CNET will no longer be doing the CES awards... the conspiracy is real. S#!t happens too, but let's not be naive.
What conspiracy? As soon as CBS ordered CNET to retract their award to Dish Hopper, CNET made that info public partly as a protest against CBS clamping down on editorial independence. And all of this is on CBS because they are currently in litigation against Dish Network and the lawyers thought that a CBS subsidiary awarding the DishHopper 'Best of Show' would weaken their case.
the CEA removed CNET as the awarding body for top CES products because they didn't want another embarrassment like that again.
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