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Sold my 15.45s on Friday for 16.75 <=== best way to play BBRY long, don't gold losses
Tomorrow we run!!! Weeeeeee!
Yea the CC was so strange. With all these small caps going nuts, I just had a feeling the CEO void had something there. We got a lot of room above us, that's for sure!
Had a feeling $SKUL was gonna pull this one :). Still holding some 5.20's!
Hmmmmmmmmmmmmm..... someone tell me something good! Looks interesting, the volume recently picked up, dunno if this is the time to scoop some.
Agreed. I grabbed some JALA a few days after Teffy alerted it. I checked the chart myself and decided to grab some MYSELF. When the jalareport website came out, we all knew it was the real deal, it ran, I sold EOD and watched Monday. Gotta take it when you got it, I locked the profits and kept it on watch.
Wow, thanks for that. I've done my DD, but I have not followed the management as you have. I am also confident Lenovo and BBRY have something in the works, and yes, Lenovo did buy the Thinkpad brand from IBM and not only saved it, but made it the #2 brand laptop today. Lenovo already makes phones, sells them in China with Android OS. It makes sense that Lenovo would want take over the BLACKBERRY brand just as they did the Thinkpad brand.
I've been charting this out for months now, and initially, it was just trading, lots of group trading and price manipulation, but lately I've seen a lot of accumulation, and the PPS is becoming harder to tame. After the pop on Monday, I noticed it didn't sell off like it usually did, I chased on the PO news because I thought that would do it. We have to be close though.
And on the Cramer note, take a look at MGT, one of his pumps, they let that thing rip before some major dilution. Even though those 6's weren't around for long, there are a lot of people trapped above the current PPS and can only hope for Cramer to pump MGT even harder so they can break even. It will fade away now as it loses volume.
Haha ya I've been bullish on BBRY forever, as an IT professional, and owner of all the latest and greatest tech, I feel BBRY has a place in the market. I'm paid on salary, but make a lot of my money in bonuses, when projects are slow, it usually means I have too much time and too much money and I end up day trading haha!
I've been following BBRY ever since I heard about the Z10 and started doing my DD, my first trade was the bounce off the launch sell off. I'm down now, but didn't stop out because I need my money to settle and am confident we've just establish a new base.
I usually trade like you, buy the dip sell the rip, toss a few hundo on some random pennies that look like they are primed for a promo, and trade the big stocks that are in action. I don't trade on margin, so I don't go short, which has been the winning trade for BBRY 90% of the time.
I'm sensing the manipulation coming to an end soon, this stock is the most traded stock and everyone and their mother are buying this. Once there are enough shares locked down for the earnings/guidance run, we'll see it let go, there's only so many shares to trade.
Exactly why I'm here too, been trading, got trapped on the PO news cause of a frantic text from my buddy. Would have sold but have a 9-5. Now I'm long and strong, not concerned at all right now, this thing can pop and turn me a nice profit in seconds.
Excellent description of day trading! That's what happens in BBRY, and the price is volatile!
When you take a stock structured for a $100 PPS and take it down to $10, you will see swings like none other. Especially when the float is all locked up!
Can you trade options during extended hours?
BTW, do you mean calls instead of going long, or in addition to going long, shouldn't I be buying puts if I'm long?
Yea, that's how it works. If the PPS goes up, and as time passes, your contract's value should go up, and you should be able to flip them for better gains than what you'd see from stock. I'm pretty sure, spyder correct me if I'm wrong.
Yea, I know, I really should. I need to wrap my brain around options before I can make a good entry though.
I'm pretty active, so I can always stop loss out. Are you playing BBRY?
Yea the GS4 was a flop, nothing innovative at all, compensating for lack of innovation with gimmick software.
IMO, this week accumulation has built so much, almost as if someone's making an early move to grab everything up. 14.80 is the pivot and we held it.
You see how fast we fly up? Next week I think traders will be a lot less confident about shorting this stock. I also think that after today, the float will be almost locked up. I say we see 16 next week, and I think Monday could get crazy, especially if we get some good news over the weekend.
Little downside, HUGE upside here guys!
$14.80 pivot confirmed, this is great news for BBRY longs because 14.80 was the top of the last pop, and the top of the last pop's bounce. Even with 2 red days following our amazing 10% day, we have not given up the accumulation gained on the 1 mil PO news.
For those who haven't traded pennies before, or a high volume, big attention stock like BBRY... Don't get shaken out, I hate what happens on BBRY. PPL pump it up because they are LONG LONG. Then the price falls because of heavy shorting and shorts say, wait, what did you say would happen?
Just think about this: when a company IPOs, a share structure is chosen based on the value of the company. The share structure is designed so that the price will move in similar fashion to the indexes (S%P etc.). When the PPS dumps from $100 to $10, everyone can now afford 10x as many shares and the price action becomes extremely volatile. The only reason why this baby has shot to the moon on speculation alone is because there are people in control here. I have no idea who it is, whether it's MM's, trading desks, etc. Either way, I know that yesterdays fire was extinguished early in the morning by a TON of selling.
Shares will eventually run low, and whoever is holding this down will have no choice but to let go. When that happens, oh baby, fasten your seat belts, this is gonna be a wild ride!
EXACTLY, and free floating shares are being accumulated every day. According to my math, I think we have maybe 100 mil shares free floating these days. That last pop accumulated another 40 mil shares on my chart, this thing is DEF COILED UP, and just like TradeSlinger said, a whiff of good news and this thing is to da moon. We had like 30 minutes of trading off that PO news and BBRY soared over 8%!
Still holding a few hundred shares around these prices. Not really following the price action these days as I plan on selling after the 10-K for Q1'13 is released. Wikiinvest rates this position as my best long term position fundamentally :)
$SKUL is a great set it and forget it play. This company is crazy under valued and influential connections. We will see a buy-out or some other big news related to international sales in time. Once that happens we should see some serious gains here, this thing has BEEN bottomed out!
Samsung Galaxy S4 brings breakthroughs in smartphone bloatware technology!
I've never seen such a desperation move, Samsung was probably like "hmmmm.... so ya, nothing's really changed hardware wise, lets make a bunch of cool software.... also! lets rip ideas from iPhone and Blackberry!"
How long do you think Samsung spent on this "KNOX" security system? Sounds EXACTLY the same as the Z10's personal/workspace feature. I'd say 2-3 months max, now that's some serious security principle.
Crazy how they are moving this thing. 1 mil sell at LOD, sure that makes perfect sense. Someone sold at LOD, 1 mil shares, or shorted at LOD for 1 mil shares. Manipulation here, too obvious.
I'm still feeling good about today. Just the normal shake down here. Monday we established a new base at 14.50, now we have again at 15.35. The next run up will be much higher, this is the loading zone IMO, nobody knows what kind of PR the CEO could release today, tomorrow, monday, etc.
I agree, consolidation today will help tomorrow.
Consolidating at 15.50, these prices are good, when everything pinches here it will take off.
I HOPE NOBODY GOT SHAKEN OUT BY THAT BABY DIP
MY $BBRY CHART EXPLAINS THE TRUE STORY
$BBRY bounced after the sell-the-news tankage. Shares were accumulated. Heavy shorting tactics were used to shake the tree, trust me the shakers accumulated cheap shares just by heavy selling. You can see on the chart, this this was released when short shares were running low, each time this thing exploded and accumulation rose to new levels. This news is FIRE. Think about it. $BBRY holds a tiny sliver of the smartphone market. How do you think the public would react to "Blackberry market share jumps from 1% to 5% in Q1 off Z10 sales"? 1 million phones ordered. OK, maybe it's not in the US, maybe it's not Verizon, but in Q1 2013, the iPhone 5 sold like 5 million phones, holding 51% of the market share!! If the Z10 sells 2 million phones what do you think that would do to the US smartphone market share? And IMHO, the Z10 is nice, but the Q10 will shock people. I don't think non-former-blackberry owners understand how many people will ditch their 12" Samsung galaxy whatever for a tiny little phone with a keyboard that you can drop without a case....
I'm LONG $BBRY, I know a lot of you think I went short, nope, I don't have a margin account. I was trading BBRY and waiting for this confirmation. I'm skeptical, especially when it comes to big hype stocks like BBRY. I think we got a winner here, I full expect to see some final shake down attempts, but I'm holding strong, and I even broke my own rules and chased today, in @ 15.45.
Imma let the markets die down, hopefully consolidate a bit, and use my drying powder to accumulate some JALA ;)
I think anyone who held JALA for the past 3 weeks deserves to let out a WEEEEEEEEEEE :)
Done here, shoulda taken my baby profit when I could. No pump, just dump of 2mi more shares.
Hahaha I'm with you
Now I'm in the money again :) not holding thru earnings ever again lol
They certainly have
Volume was insane, it wasn't just a sell off, it was massive shorting. The PPS held well. This week should be interesting :)
A lot of people think this is done until buyout rumors are stronger, and that it wont happen till EOY, but I'm thinking that with the PPS this tanked (and the company knowing it was going to happen), a PR about a new CEO / huge news in regards to Q1 losses and 2013 overall gains could happen. If it happened Sunday night or Monday morning, oh my we would see some fireworks.
Mormons value business and work ethics. Look at Romney, Bain buys little companies like Skullcandy. Romney even helped with the IPO of SKUL. The PPS falling this fast, is too fast. The market will react, unless there are still shares to short heavy and bagholders are willing to take more than a 20% loss...
5.90 sorry. And really not 5.90. I had 2 long positions, in 2 diff accounts. I sold the one before EOD for nice profit (in at 6.18 out 6.75). After the AH tankage and PM tankage, I bought more, averaging down to 5.90. So with the profit I made, it's a bit lower, a small bounce and I can get out even or slight profit.
I agree, the company seems to be pretty stupid, but I'm skeptical. I'm not just a hopeful bagholder, I've averaged down and plan to trade appropriately.
Yes, EVERYTHING points to this thing going down, but think about it.
CEO leaves after SKUL is downgraded, causing the PPS to tank further. He has no reasoning for why he's leaving, he said he is excited for when he returns. He went to work with Mitt Romney's son for a hedge fund in boston.
Look at the insider transactions as the PPS tanks this year:
http://finance.yahoo.com/q/it?s=SKUL+Insider+Transactions&desktop_view_default=true
Look at the PR's released to help the PPS from tanking:
http://finance.yahoo.com/q/p?s=SKUL&desktop_view_default=true
There have been 10 filings for 10 insider sells. They account for 500k shares. They still hold 10.95M shares. What's with the automatic stop loss sales for small amounts of shares? Are these guys broke? They need some money to party? They've paid themselves well, I doubt it. The CEO void + the founder/ex-CEO going to work with Romney... I don't buy it. Something is up. The PPS is down this hard from only months of shorting...