Wednesday, March 13, 2013 11:01:10 PM
$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.
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