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Jonesman

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  • BlackBerry (BBRY +1.6%) clearly isn't a fan of Detwiler Fenton's work. Shortly after responding to a Detwiler report that claimed Z10 returns have begun outpacing sales at some top U.S. retailers by insisting its return rates are normal, the company is asking U.S. and Canadian securities regulators to probe the report, and is accusing Detwiler of refusing to share its report and methodology. Detwiler is no stranger to criticizing BlackBerry. [View news story]
    This war is far from over, and yesterday was just the latest aspect of that war. The attempts by leading short analysts and supporting media were, for the most part, responded to successfully in other markets prior to U.S. launch. But the American market is the much bigger battleground, where the stakes are absolutely vital for those sitting in short positions. And there can be absolutely no surprise in anyone's mind that the forces behind driving this stock down are even more determined to do what they can to achieve that effect. There's a lot of money out there to be lost, in either direction, and those on the short side are in serious trouble if they can't drive BB down far enough to cover positions. Ethics are not something they'll likely trouble themselves with, as the ethics of war tend to be matters of convenience.

    This is by no means the last of it. Creating a 7% drop in hours is, for them, great news, and allows them to take heart that these attacks, while possibly being refuted over time with the emergence of facts, can also cause enough lasting damage to suit their purposes. These people will not go away. They have too much to lose. And others will lose in the meantime, as these willful manipulators scramble to cover themselves for previous errors of judgement.

    Right now, it's not really about how good or how bad the new BlackBerry is for these guys. For them, the BlackBerry must be bad, no matter what, as that's the only way for them to get to where they want to go. And if they destroy innocent and well-meaning people in the process, well, as it's sometimes said, it ain't personal, it's just business.

    Nice to see BlackBerry respond. To what effect? Who knows? Wall Street, to me, is the ground zero of the financial debacle that got us all in trouble just five short years ago. Watching the shorts at work brings back a lot of bad memories.
    Apr 12 04:49 PM | 4 Likes Like |Link to Comment
  • BlackBerry: Z Is For Zero [View article]
    Wow! Breathtaking article. Something I want to internalize, and after much deep reflection, plot the course of my financial future on. So you went into a store, and you were the lone customer. Therefore BlackBerry is dead. Nice logic.

    I went to a Dairy Queen. It was closed. It's the end of ice cream.
    Mar 24 03:27 PM | 2 Likes Like |Link to Comment
  • "We are not dumping BlackBerry (BBRY +2.1%) as Electronista and others have indicated," says a DoD spokesman. "We're moving to multiple devices, and that includes BlackBerry." The spokesman doesn't appear to confirm or deny the part of Electronista's report that mentions an order for 650K iOS (AAPL) devices will be placed. The DoD currently deploys 470K BlackBerrys to go with 41K iOS and 8.7K Android devices. Update: Electronista's sources continue to insist the iOS order is on tap, pending the end of the sequester. [View news story]
    True enough.
    Mar 22 11:40 AM | Likes Like |Link to Comment
  • "We are not dumping BlackBerry (BBRY +2.1%) as Electronista and others have indicated," says a DoD spokesman. "We're moving to multiple devices, and that includes BlackBerry." The spokesman doesn't appear to confirm or deny the part of Electronista's report that mentions an order for 650K iOS (AAPL) devices will be placed. The DoD currently deploys 470K BlackBerrys to go with 41K iOS and 8.7K Android devices. Update: Electronista's sources continue to insist the iOS order is on tap, pending the end of the sequester. [View news story]
    Witnessing what I have the past several weeks since the launch of the Z-10, I wouldn't be surprised to see yet another onslaught of intentionally misleading negative spin come our way as the device begins release into the U.S. Despite the stock clawing its way back up as previous negative claims are refuted rather convincingly, the launch into the American market is almost akin to the opening of a new theater of war for those intent on grinding this stock down in order to cover themselves. Not to mention the interest several substantial competitors would have in throwing a wet blanket all over a device, or rather devices, that may well prove to be more of a challenge to their market supremacy than they're comfortable with.

    I expect we'll see renewed attacks, mostly along the same lines as we've seen before in other markets, but this time directed towards the most lucrative audience of all. The shorts may have lost Round 1, but that doesn't mean they're going to pack up and go home. Given the timelines, I expect to see them coming out with everything they've got in the early going. Waiting while Z-10 possibly catches on the States, with Q-10 waiting in the wings, would not be in their best interests.

    I expect downward pressure on the stock in the short term, although honestly, I hope I'm wrong. And since I often am, one would be wise to not act on any of my commentary.
    Mar 21 10:33 PM | Likes Like |Link to Comment
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