Seeking Alpha

BlackBerry (BBRY) slips 3% premarket after a downgrade to Sell at Bernstein, which sees earnings...

BlackBerry (BBRY) slips 3% premarket after a downgrade to Sell at Bernstein, which sees earnings peaking in FQ1 and "significant risk" of a miss in H2. OTR Global says U.K. Q10 sales fell off a cliff and have been - "not a typo" - just 30K-50K units since launch, reports Notable Calls.
Comments (91)
  • The Aristos
    , contributor
    Comments (58) | Send Message
     
    The Bernstein Bears and the Blackberry Bush.
    19 Jun 2013, 08:17 AM Reply Like
  • subparfore18
    , contributor
    Comments (10) | Send Message
     
    These guys that are short will publish anything! Every time th stock starts to run out comes a new "report"... These shorts are in trouble
    19 Jun 2013, 08:32 AM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (668) | Send Message
     
    Remember this Market Current from Friday, July 13, 2012? "Bernstein's Pierre Ferragu is more bearish than ever on Nokia (NOK -1.9%), slashing his PT to $1.56 from $2.63." This was just before NOK, after a brief dip, went on a big run up to $3+ over the next six weeks, and then held his abandoned price target of ~$2.63 as a floor for a few months before another big run above $3.50 where it's spent most of the last six months.
    19 Jun 2013, 09:52 AM Reply Like
  • ATInsider
    , contributor
    Comments (422) | Send Message
     
    Agreed. Can't wait for the final numbers. Should be enough to stop these guys in there tracks.
    19 Jun 2013, 09:27 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5363) | Send Message
     
    Aristos:
    I thought the same.
    20 Jun 2013, 08:22 PM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    I might bother if I had heard of any of these expert companies. I'll trust billion dollar banks before some obscure firm setup in their parent's basement.

     

    The sell off will most likely be their clients piggybacking on this sourceless claims of disaster trying to trigger stop losses.

     

    The new reality is $14 floor, $16 resistance. The days of $12 shorts are gone.
    19 Jun 2013, 08:17 AM Reply Like
  • Michael Blair
    , contributor
    Comments (4519) | Send Message
     
    Notable Calls? I guess the best way to make headlines is to make such calls. I think they sold 30,000 in the first few hours in Toronto.
    19 Jun 2013, 08:20 AM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    If it doesn't hit a million shares by 10:30am this morning then this bear raid is another bust. Last one resulted in half the normal daily volume.
    19 Jun 2013, 08:22 AM Reply Like
  • compsys68
    , contributor
    Comments (55) | Send Message
     
    The UK number are in the Millions, what a joke these clowns are... and then they trade between themselves in premarket to trigger stop losses, I might buy some more BBRY in premarket to take advantage of these clowns....go $BBRY
    19 Jun 2013, 08:31 AM Reply Like
  • kash2k
    , contributor
    Comments (2) | Send Message
     
    How can one trade in premarket?
    19 Jun 2013, 08:35 AM Reply Like
  • Blkwtrdragon
    , contributor
    Comments (79) | Send Message
     
    It's already over a mil pre-mkt. it will be a volatile day. I will be buying back my BBRY for trade. That said money will be made in my core position.
    19 Jun 2013, 09:11 AM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    Yeah, just ticked past 1.18million shares. If it doesn't go below $14 then I won't pick any more up. Just erased yesterday's gains from the RBC upgrade.
    19 Jun 2013, 10:12 AM Reply Like
  • Piston
    , contributor
    Comments (205) | Send Message
     
    Bernstein is a good shop - probably the most highly regarded research outfit from the buy sides perspective. They may be wrong, but it would be a mistake to completely dismiss their thesis. Their original bull call was that the stock would revalue to $20+ based on increased estimates over the last 4-6 months -- units, eps, etc. This has taken place but the shares haven't reached that range so there is less chance of a surprise now. This stock will now start to move on real sell thru data and not just shipments. Q10 has to be the saviour as the z10 looks like it faded fast.
    19 Jun 2013, 11:53 AM Reply Like
  • PersephonShropshire
    , contributor
    Comments (137) | Send Message
     
    I think you give some analysts to much credit, Pierre Ferragu ended up terribly wrong on Nokia during the last year, he completely missed the runup in BBRY from $6 to $18, then after this runup he changed from sell to buy, at that point the stock has just gone sideways, now he's back to sell again, based in his tracrecord over the last year it should be a great buying opportunity.

     

    And regarding the Z10, Soc Gen only a week ago said it was selling way above expectations.
    19 Jun 2013, 11:56 PM Reply Like
  • Piston
    , contributor
    Comments (205) | Send Message
     
    Not sure on Nokia but he's had a great track record on Blackberry. He went bearish in late 2009, when all the bulls were still supporting the company and the stock was over $70. that was a prescient call and very few were bearish. He upgraded in Dec/12 to $12 and then early Feb to $22 so i'm not sure you are correct in saying he "missed the runup from $6 to $18. I would say he called it accurately. Now he's saying the run is likely done. Time will tell, but his track record is better than almost all analysts on BBRY.
    20 Jun 2013, 02:35 AM Reply Like
  • PersephonShropshire
    , contributor
    Comments (137) | Send Message
     
    But in december when he upgraded to $12 the stock had already reached $12 so clearly he missed that move and just changed his price to catch up with the stock, and in feb when he upgraded to $22 the stock had already reached $18 so he missed that move also, playing catchup again, and now the stock is down since jan-feb so he is just playing catchup one more time here, anyone can do that.
    22 Jun 2013, 10:58 AM Reply Like
  • compsys68
    , contributor
    Comments (55) | Send Message
     
    Nice 17" screen in the twitter pic when did you buy those in 2003?
    http://bit.ly/1bVjLMm
    Get a real trading desk....what a joke....
    19 Jun 2013, 08:23 AM Reply Like
  • compsys68
    , contributor
    Comments (55) | Send Message
     
    http://bit.ly/1901Zv8
    this was is even better 30-50K Q10 sold in the UK....maybe per store...what BS !!!
    19 Jun 2013, 08:26 AM Reply Like
  • thenatural88
    , contributor
    Comments (57) | Send Message
     
    So an analyst working out of a second story walk up over a pizza parlor has the inside track over RBC? I guess I had better sell while there is still time to get out.
    19 Jun 2013, 08:28 AM Reply Like
  • Panoplos
    , contributor
    Comments (861) | Send Message
     
    These OTR Global clowns are market manipulators:

     

    "OTR Global says that Research in Motion $RIMM and Lenovo business partnership likely imminent" - 29 Jan 13
    19 Jun 2013, 08:28 AM Reply Like
  • pvshah6542
    , contributor
    Comments (89) | Send Message
     
    Have you gone off ur sense? Who the hell made u an analyst? How much did you get paid to write such nonsense? Please tell the world how big a crock you and your shorts are? What bullshit. You are the next Bears Sterns or Lehman in the making I can bet shorts on your stock lol
    19 Jun 2013, 08:30 AM Reply Like
  • logicalman
    , contributor
    Comments (763) | Send Message
     
    pvshah6542,
    Don't get angry, get even, buy more shares, at 14, and below BBRY is a steal. These crooks can possibly get the shares down somewhat, but they absolutely CANNOT change the great numbers we will get in 10 days. As I have been preaching for some time now, use this and every opportunity to increase your stake in this winner!!!
    19 Jun 2013, 08:57 AM Reply Like
  • jdaxakos
    , contributor
    Comments (7) | Send Message
     
    Cool down guys ! it was really a "typo".... poor guys at Berstein meant : 30-50K in the north part of Oxford Street ...
    19 Jun 2013, 08:30 AM Reply Like
  • Blkwtrdragon
    , contributor
    Comments (79) | Send Message
     
    To attempt to set the tone for the day, the best way is drive the price down in pre-mkt in low volume.

     

    There's a lot riding on keeping the price below $14-15...option expired on Friday.

     

    Bear "analysts" will concede Q1 but piling in on the same bs Q2 weakness.
    19 Jun 2013, 08:33 AM Reply Like
  • compsys68
    , contributor
    Comments (55) | Send Message
     
    Good point Blkwtrdragon the 11.00 and 12.00 Put options that expire on Friday the 22nd are at ~11,000 open interest each. They do have a lot riding on those two Puts. I would love to see this run for the next few days and crush them into bankruptcy....
    19 Jun 2013, 08:43 AM Reply Like
  • globalmarkets
    , contributor
    Comments (10) | Send Message
     
    Guys at Berstein, today closed price in BBRY will be 14,90$.
    19 Jun 2013, 08:34 AM Reply Like
  • Guest Eh
    , contributor
    Comments (247) | Send Message
     
    "earnings peaking in FQ1 and "significant risk" of a miss in H2"

     

    Great news. The bears have woken up and realize they must face the music of a thriving company. They know the next quarterly results will be very good and can no longer be contained with mere verbiage. All they can do is kick their bad news down the road....when BBRY will have released a few more exciting products.

     

    We can all expect they will eventually claim: "earnings peaking in FQ2 and "significant risk" of a miss in H3" and so on, and so on....
    19 Jun 2013, 08:35 AM Reply Like
  • Davidoff
    , contributor
    Comments (287) | Send Message
     
    It's getting really absurd. Monday one analyst says sales are bellow expectations, lowers the rating and the shares drop. Tuesday another analyst says the sales are above expectations, raises the rating and the shares rally. Wednesday a new analyst enters the game with his own 2 cents and pretends that UK is a dead end for BBRY with just 50.000 devices sold. It's just ridiculous! At this point, someone should start an investigation, cause there are obviously some private interests involved in these manipulations. How about making analysts legally responsible for their analyses? Can't wait for the actual results to be released.
    19 Jun 2013, 08:40 AM Reply Like
  • Bigotis
    , contributor
    Comment (1) | Send Message
     
    It is amazing that these people are able to keep jobs. I feel bad for their clients who likely got advice that was as reliable as their analytic skills.
    30-50k? Seriously
    Doing a job that bad wouldn't even justify a severance check.
    19 Jun 2013, 08:54 AM Reply Like
  • xracer
    , contributor
    Comments (2) | Send Message
     
    is that 30k-50k sales per day?
    19 Jun 2013, 08:57 AM Reply Like
  • jamie@thehammerstone.com
    , contributor
    Comments (12) | Send Message
     
    pac crest neg as well
    19 Jun 2013, 08:59 AM Reply Like
  • GBC1
    , contributor
    Comments (28) | Send Message
     
    Good point, Davidoff.

     

    The strategy would be to trade, or to allow your clients to trade, on your own false research. Take a position, long or short, announce your manufactured research, positive or negative, then sell into the market's reaction to your announcement.

     

    There ought to be a law.
    19 Jun 2013, 09:01 AM Reply Like
  • grumbles
    , contributor
    Comments (91) | Send Message
     
    they have given up on quarter one, so now they assume bad news for the next quarter. these no name third rate firms just deserve to be ignored.
    19 Jun 2013, 09:01 AM Reply Like
  • MPF94025
    , contributor
    Comments (602) | Send Message
     
    There is an upside to desperate individuals/traders/hedge funds/etc covering their tails for bad trades/advice to clients. Should there ever be serious investigations into market manipulation, these individuals are painting a big target on their backs.

     

    Yahoo Finance ticker with Henry Blodgett ran a story in the last day or two basically stating that the markets are so rigged that you are essentially on your own out there.

     

    For financial markets to function properly there needs to be appropriate regulation. Manipulation of BBRY would be an easy place to start: at least a few hot-shot lawyers who want to make a name for themselves should go after the "analysts" who publish unsubstantiated and patent lies.

     

    As an individual who long ago put aside some funds with Bernstein, and has been tracking their performance for some time, I have muted regard for their opinions and do not regard their research or performance as anywhere near top-notch.
    19 Jun 2013, 09:02 AM Reply Like
  • Guest Eh
    , contributor
    Comments (247) | Send Message
     
    MPF94025,

     

    Do you believe the rigged markets affect the long term stock owning investor? I believe short term market investors are pawns to the system manipulators, but can manipulators meaningfully affect the stock value long term after several quarterly reports are presented? I would love to hear your view on that as I am new to this game.
    19 Jun 2013, 09:21 AM Reply Like
  • kunarooney
    , contributor
    Comments (346) | Send Message
     
    So if they push out a quarter that is indeed as bad as these good folks say it will be, will you actually admit you were wrong? And all of the accusations of manipulation were misguided?
    19 Jun 2013, 09:23 AM Reply Like
  • Guest Eh
    , contributor
    Comments (247) | Send Message
     
    kunarooney,

     

    I will be the first to admit I was wrong if what you say happens. Is the news of a possible good next quarter a surprize to you or something you are expecting? Do you think the next quarter will be a bad one for Blackberry Kunarooney? I do like your comments. We longs actually need your comments to keep us honest.
    19 Jun 2013, 09:33 AM Reply Like
  • Blkwtrdragon
    , contributor
    Comments (79) | Send Message
     
    BBRY will give clear and positive outlook for Q2 and FY.
    19 Jun 2013, 09:40 AM Reply Like
  • cblack111
    , contributor
    Comments (12) | Send Message
     
    I am not so sure, It's about time BBRY gets off the pot and says something........ anything.
    19 Jun 2013, 10:22 AM Reply Like
  • Blkwtrdragon
    , contributor
    Comments (79) | Send Message
     
    You do know who Henry Blodgett is? I believe there are still outstanding charges against him for market manipulations! He was famous for telling the public buy buy buy but behind the scene he called the stock a POS.
    19 Jun 2013, 12:13 PM Reply Like
  • MPF94025
    , contributor
    Comments (602) | Send Message
     
    The comment regarding Blodgett just confirms the assertion regarding market manipulation.

     

    Regarding short vs long term impact, I believe that a weaker company might not be able to survive the onslaught BBRY is facing from those who are short the stock. A year ago it was a reasonable gamble to believe RIMM would be out of existence at this point. Just as it was easy enough in 2008 when financial companies were hanging by a thread to push them over the edge with bad press to have them purchased at fire-sale prices with the government's $$ backing because a) their business models were broken and b) investors lost faith and rightfully fled. Some investors bet on failure for profit. And many profited from those failures.

     

    BBRY has a pipeline of products in its future, much like Intel announces a series of chips planned in the future. BBRY's actions are not the making of a company that is on its last dime. It is a company that appears to have managed its finances and has planned for various eventualities. We will see soon enough.

     

    I do not hear Samsung's vision for the future, nor do I hear one clearly articulated by Apple. In fact both have suffered considerably of late with S4's sales below expectations, big drop in stock price, and with Apple now initiating a buy-back program to drive sales of phones. We can't even tell clearly what Apple plans to do with iOS 7 in 2 months other than assemble in the new OS many of the desirable aspects of Android and BB 10. These are not signs of vision or strength. And I happen to have an iPhone 5 and like it, though not as much since I upgraded my Torch to the Z10. Now, I use it for apps and that's pretty much it.

     

    It is little surprise that individuals are not purchasing BBRY devices in the gazillions (no thanks to those who take every opportunity to diss the company). First, the company was supposed to be dead, right? Even in May long term RIMM device users weren't even aware new products were coming out. Second, there is an "app gap" that can't be overcome overnight. I agree is a serious potential weakness that, IMHO can only be overcome by BBRY showing that it can reclaim market share, therefore making it profitable for developers to invest time and $$ making BBRY compatible apps (or for the Android emulator to be so good, it won't matter if an app is native or not...).

     

    So far BBRY has delivered devices on time and with OS updates fairly rapidly. We have yet to hear whether a majority of corporations will go with BES 10 or have an alternate solution, and it will be very important to see if there truly are converts out there from Apple and Android devices to BBRY when sales figures are released (rather than pure "channel checks", it would be great to know what proportion of new BBRY device sales are to iOS/Android users, but we never hear that presented, it seems). Those now purchasing BBRY devices are not likely heavy app users, more interested in messaging/communication, at which BB10 devices have wonderful new features. I never liked creating messages/email on my iPhone 5: now I hate it, having the Z10 available.

     

    There is a difference between a dispassionate observer and a partisan critic. Up until recently we were hearing 1Q would be a disaster. Now 1Q is almost "conceded" by shorts, and 2Q being proclaimed a disaster. I don't know where BBRY will be in 6 months, but I am more optimistic than those who continue to carve out BBRY's tombstone.

     

    If they fail to deliver with a terrific Android emulator; if corporations part ways with BES 10, if it is proven (not rumored) their security really is as vulnerable as iOS and Android, it will be a rough road. I come down on the side that they will fare well enough on these fronts that they will be back in the game. And from there on it is truly a matter of showing the world how QNX OS is going to change the way we do things. If these events come to pass, it will be interesting times indeed and BBRY will have a meaningful role in many of our lives, far more than it has now.
    19 Jun 2013, 07:05 PM Reply Like
  • Verces
    , contributor
    Comments (55) | Send Message
     
    As expected, shorters will be working extra hours not too loose so much. These guys are really so pathetic but you will admire their courage but never ever their greediness to make money as they are willing to sell their soul for it and make lies.
    19 Jun 2013, 09:04 AM Reply Like
  • eibrahim
    , contributor
    Comments (60) | Send Message
     
    This is ridiculous. Another bear raid
    19 Jun 2013, 09:04 AM Reply Like
  • Frank Siedler
    , contributor
    Comments (867) | Send Message
     
    I don't know how these "analysts" are getting their numbers... i think they are sitting at a table, everyone throws it's dices, and the smallest number is published! :-)
    19 Jun 2013, 09:05 AM Reply Like
  • murphyqu03
    , contributor
    Comments (36) | Send Message
     
    I don't care as much about OTR, but the Bernstein thing is kind of a bummer. They have some smart people there. Although, if they are super short this stock, I suppose nowadays people will say anything. I hope that is the case!
    19 Jun 2013, 09:05 AM Reply Like
  • Sointula
    , contributor
    Comments (12) | Send Message
     
    This is the same guy who back in Feb raised his BBRY target to $22. The number of sales quoted must be a daily figure, which is pretty much on target for many.
    What the premarket is saying is that volatility is still here in the stock, so forward premiums in the option market remain huge. Brokerage and smart traders are the ones who benefit from all this activity.
    I am not a believer in market manipulation, like the tin hat brigade as somebody called it. Smart traders are just seeking anomalies that they can cash in on with very little risk due to hedged positions. The greater the fluctuations the more players are involved.
    good luck
    19 Jun 2013, 09:07 AM Reply Like
  • Busta999
    , contributor
    Comments (6) | Send Message
     
    They sold 2000 units in one hour on launch day in the UK. 30k-50k total since launch is completely impossible.
    19 Jun 2013, 09:08 AM Reply Like
  • kunarooney
    , contributor
    Comments (346) | Send Message
     
    Says you. Go write an article, move the markets!
    19 Jun 2013, 09:20 AM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
     
    Say what you will but these bad news stories always work, and they drive the stock price down. As long as they can get away with it and it keeps working there is no end to what other negative news they can dig up! All they have to do is use open ended statements and there is no way they can be prosecuted! Unless they (SEC) ban shorting stocks then this will continue to happen!
    19 Jun 2013, 09:13 AM Reply Like
  • kunarooney
    , contributor
    Comments (346) | Send Message
     
    Well you picked the right name anyways, "crazy".
    19 Jun 2013, 09:19 AM Reply Like
  • stockjoint
    , contributor
    Comments (29) | Send Message
     
    Hunt the bears! the hunting season will open June 28, stay tuned!

     

    LONG BBRY
    19 Jun 2013, 09:16 AM Reply Like
  • kunarooney
    , contributor
    Comments (346) | Send Message
     
    Haha, I can hear the screams and shrieks from BBRY dreamers already!!! "Conspiracy, conspiracy" is yelled from every rooftop! When will they admit defeat?
    19 Jun 2013, 09:18 AM Reply Like
  • stockjoint
    , contributor
    Comments (29) | Send Message
     
    it's not a conspiracy.. it's just a bet on the wrong side and try to convince other people. We have to share information rationally not try to scare people, people has to judge on their own... Every time that there's a good news, it appears soon a short attack.. every time! it's not a conspiracy, it's only about money that someone will loose.. and in quantity
    19 Jun 2013, 09:39 AM Reply Like
  • Guest Eh
    , contributor
    Comments (247) | Send Message
     
    kunarooney, It isn't just the "longs" that are nervous and irritable. This is a polarizing situation with extreme views on both sides. Part of me wants the stock to tank so I will be able to stay away from the market in the future and avoid the risk. BBRY Long....for two more quarters at least unless actual bad numbers are reported by BBRY sooner.
    19 Jun 2013, 09:49 AM Reply Like
  • 7736151
    , contributor
    Comments (71) | Send Message
     
    Time to buy the dip and make some money out of the investor that still believe opportunistic biased Research , lets see whom should we listen to..
    Bull camp:
    Goldman Sachs, wells fasrgo, Morgan Stanley, Société general, royal bank of canada, jefferies

     

    Bear camp:
    Pacífic crest, detwiller, cannacord, bernstein

     

    I think I better follow the advice of the most prestegious financial firms in the World, rather than the biased oppinion of some runt of the litter financial advisors.
    19 Jun 2013, 09:20 AM Reply Like
  • joeycard
    , contributor
    Comments (252) | Send Message
     
    Does not take into account the enterprise sales but 30K ??? what a joke of a report !!!
    Man a Twitter feed + brokerage headlines is all it takes to make some cash with a short trade. , heck where is the master reporting from Detwiler etc... a great technique from the Shorts to make their money back from yesterday. This is why master short and value investors like Watsa and Icahn should blast the news with a BBRY buy back ! Two can play at this manipulated game !!
    19 Jun 2013, 09:51 AM Reply Like
  • Crispin_in_Waterloo
    , contributor
    Comments (1000) | Send Message
     
    Note that the bear raids are usually conducted on Thursdays. As 'the announcement' draws closer, the desperation is showing. It is Wednesday and they are already tossing the chaff.

     

    The claim of sales is so patently false that it may be worth another request for supporting data by the SEC. Tendering false advice for money is fraud and stock manipulation. Technically, even on Wall St, both are still illegal.

     

    Bears are trying to day-trade their way to a lower loss with weekly manipulations. Watch next week for something about 'security'. They have not played that card yet.

     

    *Yawn*......same old same old.
    19 Jun 2013, 09:59 AM Reply Like
  • compsys68
    , contributor
    Comments (55) | Send Message
     
    there was a security article that just came out http://seekingalpha.co...

     

    this referenced a incident back in 2009... 4 years ago. I mean talk about desperate!!!
    19 Jun 2013, 10:13 AM Reply Like
  • Frank Siedler
    , contributor
    Comments (867) | Send Message
     
    I understood that as a comparison ... at 2009 it was the same crap, the people which was spied out, were negligent. BlackBerry's integrity in security isn't damaged!
    19 Jun 2013, 11:03 AM Reply Like
  • usajordi
    , contributor
    Comments (207) | Send Message
     
    This is a brand new desperate call from Ferragu well known for his missing calls to benefit the shorts again!
    He made headlines trying to manipulate Nokia stock in the past, and now trying to mislead people with this 30-50K Units sold in UK of the Q10!
    Hey BBRY why you don't sue and try to prosecute him for releasing false statements with the clear only intention of causing severe damage to the assets of good faith investors.
    19 Jun 2013, 10:20 AM Reply Like
  • rascallion
    , contributor
    Comments (28) | Send Message
     
    Consensus as reported by BNN is for $3.7 bln in revenue, .05 eps and 3mm B10 devices sold. Who here thinks a beat is in the offing?
    19 Jun 2013, 10:50 AM Reply Like
  • hahaha48
    , contributor
    Comments (1034) | Send Message
     
    it is just a matter of time someone will start a hedge fund and incorporate 10 to 20 companies all over the world. Their business is making announcements for anyone who will pay for it. It is so easy to make a few millions at a time. I thought those who deal with penny stocks are the scums of the world. Now the scum of the world are analyst who will do anything to make a few millions for the hedge funds. Unfortunately they are just making money off each other. The net performance of all hedge funds who trade using insider information still cannot beat the market. Also this should be a warning to all those who trade stocks. You are better off do your own research and stay out of short term trades. I trade way less than what I can afford. I always have enough capital to sustain my position. Trading is a mans game and is pure gambling with a %. Do not risk your retirement money on it. Buy and hold index fund is what most people should do with retirement savings.
    19 Jun 2013, 11:03 AM Reply Like
  • Frank Siedler
    , contributor
    Comments (867) | Send Message
     
    Or buy direct the stock and hold it in your portfolio! Then you have something, you can trade like you want ... don't understand these trades, which all talk about, you have no force over that.
    19 Jun 2013, 11:10 AM Reply Like
  • Tony (long)
    , contributor
    Comments (70) | Send Message
     
    This is laughable... Q10 and Q5 will sell in millions. A few big corporations will buy 30,000
    19 Jun 2013, 11:03 AM Reply Like
  • xtremetrader
    , contributor
    Comments (54) | Send Message
     
    noise noise noise, obviously he is short BB and has been for a long time. Day by day we've seen legitimate analysts coming out with bullish statements on BB. Anyone giving up on BB on baseless comments will most likely regret it.

     

    This quarter is going to be a blow out quarter and anyone shorting BB has a lot to lose.
    19 Jun 2013, 12:08 PM Reply Like
  • benefitguru
    , contributor
    Comments (5) | Send Message
     
    Who cares!! Personally I would go with RBC's upgrade announced yesterday as a better predictor. That aside any "news" being released this close to the Q report is suspect in my mind.

     

    Why guess the real numbers are close at hand, the longs are confident in their position as is apparently the shorts (personally think they are crazy to short BB) so hang on for an interesting ride!!
    19 Jun 2013, 12:09 PM Reply Like
  • bjzimmy
    , contributor
    Comments (5) | Send Message
     
    One last hedge funds push down before earnings to assist in covering?
    19 Jun 2013, 12:09 PM Reply Like
  • Blkwtrdragon
    , contributor
    Comments (79) | Send Message
     
    Not many people sell or buy based on this story... except for the nervous nellies. Mostly it's a signal to shorts to pile in driving the share price downward especially around ER and option expiry.
    19 Jun 2013, 12:19 PM Reply Like
  • cn_habs
    , contributor
    Comments (211) | Send Message
     
    The stock is down 4.6% and we haven't even heard from the Fed yet.

     

    Those clowns are more powerful than I thought.
    19 Jun 2013, 12:27 PM Reply Like
  • logicalman
    , contributor
    Comments (763) | Send Message
     
    cn_habs,
    I don't think it's a case of the clowns being powerful. It's more a case of the WEAK longs!!!
    19 Jun 2013, 03:16 PM Reply Like
  • rhutton
    , contributor
    Comments (10) | Send Message
     
    If you look at BBRY technically, we are approaching the apex of a large consolidation wedge. I wonder if the shorts fear this and are frantically trying to break to the downside before earnings. If we make it to earnings on the 28th with no downside break, we could be perfectly poised for a strong bull break out on positive numbers. Blowout numbers along with technical traders jumping aboard this wedge breakout, could greatly increase the chances of a short squeeze. If the bears were able to break to the downside before positive earnings, it could greatly weaken any positive move post earnings. Because right now this wedge looks beautiful and it's apex appears to be almost perfectly aligned with June 28th.
    19 Jun 2013, 12:40 PM Reply Like
  • Panoplos
    , contributor
    Comments (861) | Send Message
     
    s/wedge/symmetric triangle/

     

    There, now that looks better.

     

    Actually, the closer you get to the apex before a breakout, the weaker its implications. 3/4 is ideal, and you are right, the 28th is right about at the 3/4 mark. However, ST can go both ways, so this is not a given continuation.
    19 Jun 2013, 12:53 PM Reply Like
  • logicalman
    , contributor
    Comments (763) | Send Message
     
    rhutton,
    I don't look at technicals that much, but in this case I think they may be correct. But even without, BBRY will do just fine over the long term!!!
    19 Jun 2013, 03:21 PM Reply Like
  • Dr. Gonzo
    , contributor
    Comments (2) | Send Message
     
    I'm a newbie and am long BBRY. I however struggle to understand how a laughable downgrade such as this can have such an effect on the price of the stock. Surely there is something else going on here... I understand that millions of shares were actually sold and therefore drove the price down. Quick math says $0.60 down at 485MM shares is on the order of $290MM of value gone today. But why?

     

    The process of following and investing in BBRY has been a bit unsettling. I shudder to think what the SP would be were it not for this so called "manipulation" or "bear raids" (I don't know what to make of the long claims to those ends) or whatever the root cause of the sell-offs might be. I'm interested in gaining a better understanding of the forces at work here (and in other stocks) so I can be better equipped to make more informed investing decisions. I believe in the company and its products moving forward and will hold my shares for certain.

     

    As an aside, I see the 28th to be incredibly important in the continued push toward a real turnaround (at least in terms of the SP). Any weakness of any sort will surely be pounced upon and amplified as almost always seems to be the case.
    19 Jun 2013, 12:55 PM Reply Like
  • joeycard
    , contributor
    Comments (252) | Send Message
     
    Shorting BBRY is a Full Time Job with 171M shares short at $15 thats Billions of dollars at work !! It takes a well equiped team from all professional disciplines to work on this short full time !
    Till the inevitable happens !
    19 Jun 2013, 01:08 PM Reply Like
  • Chris Lau
    , contributor
    Comments (1582) | Send Message
     
    A Tip about Lying: when lying, make them subtle, not impossible. Otherwise you are viewed as a comedian.

     

    Coming soon: Squeeze of a century.
    19 Jun 2013, 01:14 PM Reply Like
  • jaych79
    , contributor
    Comments (506) | Send Message
     
    Maybe these people actually believe their own lies. Delusion can do that to a person :)
    19 Jun 2013, 01:26 PM Reply Like
  • logicalman
    , contributor
    Comments (763) | Send Message
     
    Chris,
    Man that statement isn't subtle, but then again it aint no lie!!!
    19 Jun 2013, 03:26 PM Reply Like
  • Chris Lau
    , contributor
    Comments (1582) | Send Message
     
    Another implication of the "typo" is that there are fewer than 30k-50k units Apple iPhones and Galaxy S4's sold. When those puts expire there will be a lot of money lost on Friday.

     

    http://tchno.be/12budtb
    19 Jun 2013, 01:36 PM Reply Like
  • Panoplos
    , contributor
    Comments (861) | Send Message
     
    Look who they reference in that article...this is silly.
    19 Jun 2013, 01:46 PM Reply Like
  • Freedom59
    , contributor
    Comments (87) | Send Message
     
    any analyst report that does not include any reference to BES 10 is essentially useless. BlackBerry is seeing enterprise adoption to BES 10 and with this adoption are sales of BB10 devices.
    19 Jun 2013, 01:48 PM Reply Like
  • usajordi
    , contributor
    Comments (207) | Send Message
     
    They put all that story of 30-50K Q10 Sales in UK.. My opinion is that is totally BS. Could anybody at BBRY come out of the closet and tell us if this number is true or not and if they are liars start calling the lawyers to visit them, and check also if the press release was send together with big short orders for some Bernstein friends to make some big money today.Is that legal???
    19 Jun 2013, 02:01 PM Reply Like
  • logicalman
    , contributor
    Comments (763) | Send Message
     
    usajordi,
    Don Quixote ! In situations such as this the only thing one can do is realize that these affairs will go on. Why? Because $$$ is involved. Ever since the world began... and it's not about to change. Not in this lifetime. Plug a hole, and the rats will make another one. What to do? Use your intelligence, get as much info. as you can, positive and negative, yada, yada. You've heard it all before, but are you doing it? Cheers :-) !!!
    19 Jun 2013, 03:40 PM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    Vol of 1.8 million at 10:30am, has only gone up 1.5 million since. Still short of the daily average. Might exceed average if Bernanke comes out and says BB10 is DOA.

     

    I'd be surprised if it brok $14 again. I'm sure there is some profit taking and pump/dump.
    19 Jun 2013, 02:06 PM Reply Like
  • Panoplos
    , contributor
    Comments (861) | Send Message
     
    It broke $14 for all of 1 minute. :-)
    19 Jun 2013, 02:14 PM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    Not on the TSX, bottom was $14.26, is at $14.46 now.
    19 Jun 2013, 02:17 PM Reply Like
  • Frank Siedler
    , contributor
    Comments (867) | Send Message
     
    "BlackBerry Setting Up To Ship 14M BB10s This Year; 40% Margins Could Make It Profitable In 2014"

     

    http://onforb.es/1atwAQ4

     

    "... The stock may rally in the short-term as investors cover their shorts, but the longer term outlook for the company remains murky, they added...."
    ... crappy words!
    19 Jun 2013, 02:52 PM Reply Like
  • Frank Siedler
    , contributor
    Comments (867) | Send Message
     
    ... murky is the future of some "analysts" ... i hope! ... Such a stupid chatter!
    19 Jun 2013, 03:19 PM Reply Like
  • EDMONTONCANADA
    , contributor
    Comments (11) | Send Message
     
    This is the reason I go Self-Direct and bypass the brokers. Any time I listened to a broker about sure things it cost me a bundle. BB long, now that is a sure thing. Oh by the way I'm not a broker.
    19 Jun 2013, 03:15 PM Reply Like
  • Frank Siedler
    , contributor
    Comments (867) | Send Message
     
    That's crazy... often when the markets in Germany close, the stock moves a little up (or down) on Nasdaq... has that a reason, or is that stochastics? :-) Normally we are following the Nasdaq, or is there an equalization?
    19 Jun 2013, 03:35 PM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
     
    Why should Bbry come out and make a statement that those figures quoted in this article are false. Isn't obvious! If weak investors got suckered it's their fault for not being more observant! Why should they come out and say what the actual sales are. That will be done on the 28th i.e. 8 days from now!
    20 Jun 2013, 10:05 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|