1. zee3p0's Avatar
    Here is a piece for everyone who thinks that there was no short and distort, media campaign involved in BlackBerry's stock collapse.

    Exclusive: Watch Billionaire Steven Cohen Stumble Over Insider Trading Rules | Business / Economy / Financial | FRONTLINE | PBS

    Of course this is not directly about BlackBerry but it doesn't take a whole lot of imagination. Especially when you factor in the other parties involved in the benifit to the downfall of BlackBerry.


    Enjoy





    Posted via CB10
    irweezyy likes this.
    11-06-13 04:08 PM
  2. BergerKing's Avatar
    OK, since the story wasn't about BBRY, thread has been moved to Off-topic. I understand the connection you're trying to make, though.
    11-06-13 04:48 PM
  3. zee3p0's Avatar
    The connection is relevant to bbry, the story is about a media campaign against fairfax bbry's largest shareholder and the post is about how the media is used by traders to profit from negative news releases, a point that many in the bbry topic forum refuse to believe.
    Not realy off topic.

    Posted via CB10
    11-06-13 05:46 PM
  4. JeepBB's Avatar
    It's not a refusal to believe that shorts exist, more a refusal to believe that BB is uniquely targeted or, more importantly, that all of BB's woes are due to shorts and various conspiracies... and that no responsibility can be allocated to BB for where they are now.

    JBB
    kbz1960 likes this.
    11-07-13 04:57 AM
  5. njblackberry's Avatar
    That darn media conspiracy again...
    And yet no word about terrible corporate performance or inability to delivery.
    kbz1960 and JeepBB like this.
    11-07-13 05:07 AM
  6. wincyUt's Avatar
    The OP's thread seems to have relevance to the current BBRY Saga. So, IMO, moderator your decision is very subjective ; let the readers decide.
    Btw, it's an interesting thread OP. Thanks for posting.

    Posted via CB10
    irweezyy likes this.
    11-07-13 07:54 AM
  7. njblackberry's Avatar
    Has anyone been able to prove ANYTHING illegal or illicit with respect to insider trading or collusion?
    Of course not. All speculation and another attempt to shift any blame away from BlackBerry.
    11-07-13 08:04 AM
  8. Rickster1's Avatar
    Well, I wouldn't expect you to say anything positive about BB anyways but it does not take much imagination to posit that it is very possible that planted negative news stories led to negative perception, leading to lack of consumer confidence, leading to lack of sales. BB management was very niave to market forces and did little to nothing to combat the planted stories that would regularly get picked up by the news wire services andnthen picked up by the media news outlets and spouted and written about as true. Also not difficult to see the possibility of Apple leaning on big carriers to de emphasize BB or get less access to Apple products. Now read this response carefully and notice my use of language. Many will no doubt read this and assume I am a believer of conspiracy against BB. Very similar to many wire stories and rumour stories picked up by, in particular Reuters News that say something but over the course of being picked up and distributed, result in the jist of the story being stated that there was a conspiracy against BB. If you don't think corporate espionage happens well, that is your choice. No doubt BB didn't help itself but consider this, did you ever hear a question put to any analyst commenting on BB if they or their company was specificslly short BB stock?? They may have disclosed a position in BB , but never if it were long or short. Just an example of lack of transparency of media, too many young niave reporters that get caught up in the story or too worried about ratings to actually report on news. Most tv news outlets are mere news readers and don't even write their own copy, don't know how things work in the world i.e. stock.markets etc
    11-07-13 08:29 AM
  9. JeepBB's Avatar
    No, sorry.

    All companies suffer from bad press and stock manipulation. Only on CB though is that considered evidence that BB has fallen foul of "the man".

    No conspiracy is needed to explain where BB now is... Appalling management, repeated failure to read the market, continual inability to execute and deliver... are but a few of those reasons.

    It's not a mystery, not a conspiracy, BB is not an innocent victim of anything except possibly having incompetent management.

    It really is that simple.

    JBB
    kbz1960 and anon1727506 like this.
    11-07-13 09:29 AM
  10. kbz1960's Avatar
    No, sorry.

    All companies suffer from bad press and stock manipulation. Only on CB though is that considered evidence that BB has fallen foul of "the man".

    No conspiracy is needed to explain where BB now is... Appalling management, repeated failure to read the market, continual inability to execute and deliver... are but a few of those reasons.

    It's not a mystery, not a conspiracy, BB is not an innocent victim of anything except possibly having incompetent management.

    It really is that simple.

    JBB
    I'm starting to think some people see bbry as a representative of Canada and everything Canadian so if BBRY fails then Canada and Canadians fail. That or they are the "paid supporters".
    11-07-13 09:37 AM
  11. anon1727506's Avatar
    BBRY has fallen because BlackBerry is not currently or even in the near future, gong to make money. They don't have a PRODUCT the people want to buy!

    When you are weak the "bullies" will push you around.

    Posted via CB10
    11-09-13 09:40 PM
  12. zee3p0's Avatar
    Yeah. This thread is not about why BlackBerry has fallen, it just a fine example of what happens when you are on the short side of the business of making money off the public market. It works equally as well on the long side (apple)

    Posted via CB10
    11-09-13 10:02 PM
  13. JeepBB's Avatar
    Yeah. This thread is not about why BlackBerry has fallen, it just a fine example of what happens when you are on the short side of the business of making money off the public market. It works equally as well on the long side (apple)
    So, the solution to all of BB's woes is obvious... and entirely within their own hands.

    Design products the "world" wants to own, price them appropriately, and deliver what they've designed to the market at the time they said they would.

    It sounds simple, and it is! Successful companies do it all the time, and are rewarded by high consumer feedback and positive market sentiment.

    BB was once one of those successful companies, operating exactly along those lines... selling devices that did peerless secure email-on-the-go to a world that not only wanted it, but couldn't get enough of it. All phones do that now, and BB is moving to irrelevance.

    Sadly, I really don't believe that BB has the time or resources (or possibly even the design-led ethos) to find their way back from where they now are.
    11-10-13 04:06 AM
  14. zee3p0's Avatar
    11-11-13 09:02 AM
  15. zee3p0's Avatar
    From the above article.




    A decision in 2002 to add a listing on the New York Stock Exchange as well as Toronto forced Fairfax and Mr. Watsa out of their shells. It came in the middle of a seven-year period when problems with some insurance acquisitions in the United States hampered Fairfax?s financial performance.

    Hedge funds in the United States shorted Fairfax?s stock, driving its share price down while attacking the strategies and methods of Mr. Watsa and his company.

    In 2006, Fairfax sued a group of hedge funds including SAC Capital Advisors and Third Point, contending that they had tried for years to destroy the reputation of Mr. Watsa and Fairfax, and then profit by betting that Fairfax?s stock would fall.

    Though many of the funds were dismissed from the case, Mr. Watsa continued to pursue them for years, spending tens of millions of dollars on legal fees.

    ?We didn?t really understand the extent to which the short side of the equation would dominate the story,? the person who once worked with Mr. Watsa said. The funds, he said, ?just about destroyed the company.?

    People close to the hedge funds said they had legitimate reason to believe that Fairfax had in fact incurred huge losses, but was masking them. Whether or not that was the case, Mr. Watsa then made back those losses and brought Fairfax to new heights by successfully betting against the American housing market well before the financial crisis. Fairfax voluntarily delisted from the New York exchange in 2009.

    Posted via CB10
    11-11-13 09:03 AM

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