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

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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Comments (20)
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    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 2013, 05:30 PM Reply Like
  • kherman
    , contributor
    Comments (798) | Send Message
     
    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 2013, 02:36 PM Reply Like
  • Noodlez
    , contributor
    Comments (191) | Send Message
     
    Q10 specs are online. Analysts should bother googling.
    My information is that maps are provided by tomtom.
    31 Jan 2013, 05:34 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    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 2013, 05:43 PM Reply Like
  • A good year
    , contributor
    Comments (237) | Send Message
     
    I am sure BlackBerry tested their maps after the Apple debacle
    31 Jan 2013, 06:05 PM Reply Like
  • kherman
    , contributor
    Comments (798) | Send Message
     
    Tom tom provides raw data. Rimm made app software.
    5 Feb 2013, 02:36 PM Reply Like
  • kherman
    , contributor
    Comments (798) | Send Message
     
    Oh, I think apple had the same deal. Tom tom or similar provided raw data and apple made the app
    5 Feb 2013, 02:36 PM Reply Like
  • oldtimer125
    , contributor
    Comments (127) | Send Message
     
    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 2013, 05:40 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5619) | Send Message
     
    Bing-powered maps?
    31 Jan 2013, 08:33 PM Reply Like
  • NKOTB
    , contributor
    Comments (50) | Send Message
     
    Whatever going up must come down for some reason. I think main reason for RIMM declined is simple.. overbought.
    31 Jan 2013, 08:35 PM Reply Like
  • Noodlez
    , contributor
    Comments (191) | Send Message
     
    Not anymore. Technical indicators look favorable. Pullback, lower rsi, lower stochastic value, near macd again
    1 Feb 2013, 06:37 AM Reply Like
  • Wanderers FC
    , contributor
    Comments (19) | Send Message
     
    Not just that, $13 Fibonacci support held nicely, next target $21.
    1 Feb 2013, 07:49 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4350) | Send Message
     
    No mention of whether GS is holding or buying BBRY? This stinks!
    1 Feb 2013, 11:04 AM Reply Like
  • Noodlez
    , contributor
    Comments (191) | Send Message
     
    @gwyn, they're holding bbry as far as i know. you can look it up on nasdaq.com

     

    http://bit.ly/11dbwvk
    1 Feb 2013, 11:14 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5619) | Send Message
     
    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 2013, 11:20 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4350) | Send Message
     
    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 2013, 11:34 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4350) | Send Message
     
    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 2013, 11:37 AM Reply Like
  • Noodlez
    , contributor
    Comments (191) | Send Message
     
    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 2013, 11:48 AM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    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 2013, 03:38 PM Reply Like
  • Tim Iordanov
    , contributor
    Comments (15) | Send Message
     
    Someone is messing with the kool-aid at Goldman
    1 Feb 2013, 05:17 PM Reply Like
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