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Wells Fargo and Jefferies do their best to defend BlackBerry (BBRY -3.6%) as shares fall due to...

Wells Fargo and Jefferies do their best to defend BlackBerry (BBRY -3.6%) as shares fall due to Goldman's downgrade and reports of a soft AT&T Z10 launch. "We think demand is slightly better than our very modest expectations," writes Jefferies' Peter Misek after conducting checks at 30+ stores. He adds Z10 interest from AT&T's business channels is healthy, and that checks indicate Verizon's business sales are strong. Wells Fargo's Maynard Um says he thinks Z10 sales to BlackBerry's installed base remain solid.
Comments (18)
  • cheznazi
    , contributor
    Comments (124) | Send Message
     
    Yus!!!! GS neutral rating could imply that BBRY is going to meet expectations on Thursday.

     

    This is the time to buy not sell stupid!!
    25 Mar 2013, 01:58 PM Reply Like
  • Justforfun7
    , contributor
    Comments (136) | Send Message
     
    Shorts playing games so trading the ups and downs but back to holding before Thursday when numbers come out.

     

    Z-10 is a great phone. What's that saying. You can't keep a good man (phone) down. Word of mouth will win out.

     

    JFF7
    25 Mar 2013, 01:58 PM Reply Like
  • Smilinjax
    , contributor
    Comments (178) | Send Message
     
    all of this movement is only 10 % of the shares 90% of bbry share holders are holding and buying when they can afford more
    25 Mar 2013, 06:47 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5760) | Send Message
     
    This news seems much more credible than the GS news. Notice a very neutral stance here, while GS news seemed exaggerated.
    25 Mar 2013, 02:03 PM Reply Like
  • StudentofMarkets
    , contributor
    Comments (16) | Send Message
     
    'Betting' is what crashed our market historically; GS needs to stop betting all the time and thug their way into things, and needs to start 'investing'. Someone needs to remind them how to do that I guess...
    25 Mar 2013, 02:11 PM Reply Like
  • ZBNW
    , contributor
    Comments (138) | Send Message
     
    Seems like they aren't willing to bet on anything, just manipulate and cash in. Just think if each of our opinions went out to the majority of the trading world for interpretation. You could make so much so easily, its just a matter of making something up that is borderline believable. Traders are becoming too news driven in a time when the word news doesn't mean much more than gossip (One minute of Fox proves this to intelligent people).
    25 Mar 2013, 04:40 PM Reply Like
  • bbryuser
    , contributor
    Comments (427) | Send Message
     
    Attleast their Bet is still up from where the stock is today...so why the sell off ? There is a disconnect.. So even with the retraction they are saying our target is 17 so if you were to buy at current discount to this you will still make money.
    25 Mar 2013, 05:15 PM Reply Like
  • pvshah6542
    , contributor
    Comments (92) | Send Message
     
    What Wells and Jeffries analyst are doing is they are being very realistic. Blackberry may even surprise their own estimates which could take the stock (including short squeeze) to around $22-$25 levels. Post that BB shall have to prove its consistency in terms of various competition it shall be facing VS the hyped Samsung and Apple Iphone 5S. I am betting on a big disappointment by apple in terms of the amount of innovation in the 5S model. Also I don't think the Galaxy S 4 shall be a runaway success like the S3 as many are left disappointed by lack of major innovations. Same as what consumers felt from an Iphone 4S to Iphone 5! The only NEW and FRESH OS out there is BB10. Brand new, Newly invented and very innovative. So we have still to see all the GREAT things BB10 can bring along with it! Go BB!!
    25 Mar 2013, 02:14 PM Reply Like
  • jaych79
    , contributor
    Comments (506) | Send Message
     
    If this stock sniffs $20 I will be elated. $22-$25 would just be gravy for me.
    25 Mar 2013, 02:53 PM Reply Like
  • Mr.Dan
    , contributor
    Comments (104) | Send Message
     
    You got your gravy my man ! just hang in for three more days !
    25 Mar 2013, 05:34 PM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
     
    I'm inclined to think if the share price reaches those levels it will only hang around at those levels for a very short period as the day traders and short term investors would cash out. STILL, it would be HUGE.

     

    -Cheers.
    25 Mar 2013, 06:37 PM Reply Like
  • Smilinjax
    , contributor
    Comments (178) | Send Message
     
    count on it
    25 Mar 2013, 06:48 PM Reply Like
  • Smilinjax
    , contributor
    Comments (178) | Send Message
     
    also there is 130million shares borrowed to shorts its going to go for a run eps will be .10/share
    25 Mar 2013, 06:49 PM Reply Like
  • gchaput
    , contributor
    Comments (138) | Send Message
     
    Everyone is speculating on the sales of Z10. As if Z10 sales in the US is what makes BBRY. Yet no one knows the numbers of Z10 sales in the US. Further, no one takes into account that a lot of BBRY sales are corporate and not to consumers who line up like sheep to a feeding trough. Finally, many corporations will buy their devices over time - they do not rush out on the first day and order thousands of units... they may buy 40% of their devices in the next few months to replace the BBs they purchased 4 or 5 years ago, but they are not replacing the BBs they bought last year (those will be replaced in a few years). For corporations, these devices are not toys where you need to have the latest and most apps - these are tools and the tools called BOLD, TORCH or Curve are still in use today, and working just fine, unlike iPhone 1 or 3 and Samsung I or II
    25 Mar 2013, 02:35 PM Reply Like
  • PasiSceptic
    , contributor
    Comments (21) | Send Message
     
    We are just beginning, the best is yet to come.
    If this stock is “tanking”, then I just don’t understand the term “tanking“. Long BBRY calls.
    25 Mar 2013, 02:56 PM Reply Like
  • jwyoungy
    , contributor
    Comments (138) | Send Message
     
    I am long blackberry and own a Z10 so I have a lot of faith that the phone will do really well in the US. I wish I had set big enough to day trade the up and downs but I don't I will just continue to hold onto my stock until we hit about $45. I don't care if it is this summer or 2 years from now. I know Blackberry will hit it at some point. P.S.- there were no lines in Canada or the UK either.
    25 Mar 2013, 02:56 PM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
     
    I hear you, jwyoungy.

     

    I started trading BB last September/October when the price was in the 8s/9s. Made good money but must say taxes suck! I traded off and on for the remainder of 2012. Sometime in January I decided to buy more shares and stick my position in the drawer. I'll add in dips here and there. Off to other trades and investments.

     

    -Cheers!
    25 Mar 2013, 06:44 PM Reply Like
  • bbryuser
    , contributor
    Comments (427) | Send Message
     
    A .t &t needs to improve its optics on bbry.
    It fumbled the ball badly per many reports at its storefronts. You will see at some stores excellent sales say one out of every three because the salespeople are knowledgeable and informed . And you will see strong sales at business level if incoming media reports are correct, but that doesn't explain the media reported lackluster sales in two out of three A T& T outlets as being a bbry factor per se but more that of the rep whose sales are lagging behind regardless
    25 Mar 2013, 05:08 PM Reply Like
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