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A rash of negative commentary helped BlackBerry (RIMM -6.4%) close with big losses again; shares...

  • Thursday, January 31, 5:24 PM ET
    A rash of negative commentary helped BlackBerry (RIMM -6.4%) close with big losses again; shares are now down 26% on the week. Evercore joined Credit Suisse in downgrading BlackBerry, citing steep unsubsidized pricing and limited initial availability for the Z10, and a lack of timing details about the QWERTY-featuring Q10. Canaccord and MKM are also downbeat on BB10's prospects, and shots have been fired at the Z10's low-light camera performance and (Bing-powered) mapping software. Goldman, which upgraded in November, is staying positive.
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This news story has 20 comments:

  •  
    The only meaningful information will be sales volumes, revenues, and earnings over the next three quarters. That data will be the only thing that solidly moves the price needle one way or another in a decisive manner. Until we see that data, the huge volume in options indicates that the analysts would rather push the herd towards direction that make certain strikes more profitable than others. Investors who do not like a wild ride should avoid BlackBerry (RIMM) (BBRY).
    31 Jan, 05:30 PM Reply Like
  •  
    Curious of what UK sales will be like. Probably find out within a month.

    Anecdotally:
    some stores had lines outside.
    salespeople seem to be enthused and like it alot. That is always good.
    5 Feb, 02:36 PM Reply Like
  •  
    Q10 specs are online. Analysts should bother googling.
    My information is that maps are provided by tomtom.
    31 Jan, 05:34 PM Reply Like
  •  
    Yup! Same supplier as before, and same as used for Apple Maps. You know, on second thought, I hope Google makes Maps available for BB10. ;)
    31 Jan, 05:43 PM Reply Like
  •  
    I am sure BlackBerry tested their maps after the Apple debacle
    31 Jan, 06:05 PM Reply Like
  •  
    Tom tom provides raw data. Rimm made app software.
    5 Feb, 02:36 PM Reply Like
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    Oh, I think apple had the same deal. Tom tom or similar provided raw data and apple made the app
    5 Feb, 02:36 PM Reply Like
  •  
    CIBC‘s Todd Coupland, who rates RIMM shares “Sector Outperformer,“- In Canada 50% of preregistration at the carriers are not currently Blackberry users. This was a surprise and a datapoint that will be watched closely in other regions.”
    31 Jan, 05:40 PM Reply Like
  •  
    Bing-powered maps?
    31 Jan, 08:33 PM Reply Like
  •  
    Whatever going up must come down for some reason. I think main reason for RIMM declined is simple.. overbought.
    31 Jan, 08:35 PM Reply Like
  •  
    Not anymore. Technical indicators look favorable. Pullback, lower rsi, lower stochastic value, near macd again
    1 Feb, 06:37 AM Reply Like
  •  
    Not just that, $13 Fibonacci support held nicely, next target $21.
    1 Feb, 07:49 AM Reply Like
  •  
    No mention of whether GS is holding or buying BBRY? This stinks!
    1 Feb, 11:04 AM Reply Like
  •  
    @gwyn, they're holding bbry as far as i know. you can look it up on nasdaq.com

    http://bit.ly/11dbwvk
    1 Feb, 11:14 AM Reply Like
  •  
    I wish a site would show the current activity, not one from 9/30/2012 or even 12/31/2012. That is at least a month old.
    1 Feb, 11:20 AM Reply Like
  •  
    Thanks Noo, it looks recent? 3M shares isn't exactly setting the world on fire, and I'm still wondering why they waited till now, when they've been so bullish for so long?

    Not understanding this sort of stuff makes me nervous...
    1 Feb, 11:34 AM Reply Like
  •  
    Shows what I know; I didn't even consider looking at the date, and I should know better having been caught out like this before (in that case the report turned out to be twelve months old). Why do they leave stuff hang on like that? What purpose can it serve?
    1 Feb, 11:37 AM Reply Like
  •  
    keep in mind that nasdaq does not provide infos about the latest investments big institutional funds do. obviously GS does not rate the stock "buy" to be nice and friendly. either they

    a) increased their shares and want to see the price rise or
    b) they play with selling options
    1 Feb, 11:48 AM Reply Like
  •  
    AvgImpVol spiked over 100 on the sell-off day. Shares might be accumulated simply to meet lending demand for options. Expect some wild price swings in the future.
    1 Feb, 03:38 PM Reply Like
  •  
    Someone is messing with the kool-aid at Goldman
    1 Feb, 05:17 PM Reply Like
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