BlackBerry Limited (BB)

[360spyder1]

Lisa, theoretically you could buy another 100 shares @ current levels and wait for $15.65ish target and then sell your position... but can you stomach being in this for $3000? If you look at a 2 month chart, there is less and less volatility in BBRY. Look at the zig zag trading pattern between Jan 10th to present day ($12-$18-$12.50-$17-$13-$15.50- currently $13.70). This trading pattern "appears" to be a Volatility Squeeze. Heres a link you might benefit from reading......

http://stockcharts.com/help/doku.php?id=chart_school:trading_strategies:bollinger_band_squee

What happens when a stock gets to the end of a v. squeeze? The stocks price per share usually shoots dramatically to the up or down side.

What are the catalysts going to be to determine what happens to the stock price of BBRY? 1) How well does bb10 do? 2) What are the earnings going to show when BBRY announces in Q3,Q4 of 2013? (IF) their product can regain enthusiasm and they take market share away from Apple and Samsung, I think BBRY will do exceptional. Back in 2008 RIMM aka BBRY was trading at over $100 per share. Im in now way implying that they will ever achieve their glory days but (IF) they can compete again, there no reason to think they couldnt be in the $30-$50 range in the next couple years.