52 Week High
52 Week Low
7 Days Mentions
BlackBerry: Arguably one of the most undervalued and MANIPULATED stocks on the market right now. Wouldn’t be surprised if we see an AMC styled squeeze in January-March. I’m talking a 600-700% pop spread over a few days. Hedge funds have been shorting BB since the global financial crisis.
30 days of ITM calls swapped like a junky. BB down 6% SPY up 1%. My portfolio up 20% (I also dumped a -955 loss on SNDL and -400 on bad cash for garbage trades) can someone please explain why I'm winning? Is my timing just good or am playing a strategy I don't understand?
YOLO. After losing about 95%of my portfolio, with my last $500, I will rise again on these 10.50 calls on BB because not only will they beat earnings, they will have the highest revenue growth in a long time. It’s not much, but it’s all I have left in my port. Wish me luck you fuck nuts. 🚀 🚀 🚀 🚀
Have a feeling we’re going to see a major Santa rally over Tuesday, Wednesday, Thursday and most of Friday. I’m playing $AMC, $BBIG and $BB (hopefully good earnings combined with meme stock run will send BB to $15-16 again). Good luck hopefully we’ll be celebrating Christmas Eve! 🚀🚀🚀
This is such a low-risk high-reward play. The most BB can possibly drop is another .50 to its support zones around 7.50, which would bring it back to pre-covid levels even before the AWS partnership. This is all before all this inflation/tech bubble narrative. The potential is "infinite" depending on how long you are planning on holding for. I see patent sales increasing BB's Price target by 50-75% from $8, and then there are the new partnerships and good guidance given by the CEO which would propel it higher. BB isn't losing money anymore as of last quarter "finally". I am bag holding and will purchase more shares this week once funds settle.
You kidding? In 2019, BB&T merged with SunTrust and became Truist simply because SunTrust had a UI/UX they liked. In 2014, Microsoft bought Minecraft for $2.5B. For a company without any real assets a game that everybody already owned. There are 7 individuals in America that have a net worth near or over $100B that could make that acquisition many times over with their money alone and be fine. Is it even a real business if it isn't worth billions?
Shouldn't have bought BB. Reddit bailed me out on my -70% position last time. Why go back and buy stock in a dying company that you were down 3 months wage on before? I think I'm gunna get myself tested. Gotta be syphilis or some shit making my brain melt. Nobody can be this stupid.
Does BB ever execute? I don't think they've ever hit a target in the 5 years I've followed them. Hell the revenue is now 50% below where Chen said it would be at this time. Amazing how good BB was doing when his $100 million pay package was on the line vs what it has done. Still holding because I have faith that greasy bastard will pump and dump this shit again.
You are not wrong,but even ATH $BB is still a penny play. What i have in it is still less then 3 TSLA shares. If i can wait on Musk to go to Mars i can wait out to see how BB will eventually turn out. Thank your for the input 🤙
Do I believe it will reach $15? Hell yeah. Is John Chen a piece of shit for letting us down multiple times? Yep. Is this a good stock? I think so. Did I get banned for "John Chen can suck my dick" on subreddit BB_stock? Yes I did. Will I get banned here? Nope. tl,dr: $BB is solid, John Chen sucks ass. Also no financial advise, take it from someone with diamond hands.
Boomers would have way more banks, oil, pipeline plays in their portfolios than tech. Tech is the shit that has been getting wrecked. My green energy and shitty ass BB are both getting murdered. Hell The only tech boomers probably own is Microsoft and that's also doing well enough.
I hear you buddy. That one wild week was the funnest week of my 2021. I was deeply red from shorting the market when I thought donnie T was going to cause a civil war in the november of 2020. But instead of giving up I went full bull mode before Christmas, and I was up to my eye balls in BB, PLTR and a bunch of other memes. Then got into GME at $40. As you can imagine, this little tale has a happy ending. The crescendo was one morning when I woke up and I was up nearly my annual salary at my job. I was running around the house at like 7 AM in my under wear cheering at the top of my lungs as if I had one the lottery haha. I will ALWAYS remember reading a commenter in WSB that week who said something to the extent of "*I feel bad for all these new traders who are learning these terrible lessons. They are going to be chasing this high for the rest of their life, and they are going to lose piles of money doing it.*" I took some big losses in the spring which amounted to about half my total gains. But I am still up, and playing significantly more cautious these days.
I YOLO'd my measly account March of 09 and loaded up on blue chip tech stocks. I thought to myself, either this world is going to end, or I'm gonna make a fuck ton of money because this is definitely the bottoms. Proceeded to 8xing my account only to YOLO again on BB puts two years later, hoping for a bankruptcy, only to lose everything I earned from the shit show that was 08/09.
From the point of view that he’s wealthy I’m with you, he already milked BB and other companies long enough for that. Indeed, him selling the shares was mainly driving to tax reasons, so I’m still with you. Now, One/two factor(s) you forget here is human greed and/or the absurd need to prove someone right/wrong. Stubbornness is good and a sin at the same time. Watsa only cares about the money he put in BB (or do you think he’s a secret BB lover that only wants to help humanity without anything in return?), and he just didn’t jump the boat back on the 28$ spike because he couldn’t sell. If the price goes up again, I’m certain Watsa will start cutting his stake. The only thing that sustained BB for the last few years was the purchase of Cylance, which BB actually really messed up in advertising the product. Check the growth of Cylance before and after was acquired by BB and you will be surprised how much they lost just because they didn’t do a crap to sell it. Now IOT is something that still has to prove itself, you can argue that either BB is too early to the party and will see revenues growing exponentially in the next few years, or you can look at other companies like Bosch, Siemens, etc. and say: well, maybe their products are better. And to finish: BB pulled the plug on phone support this month, and the amount of comments you could read everywhere was: is BB still alive? Are they still making phones? So, even though BB shifted the focus to B2B, you still need retail to like and buy your stock until you cannot find a gigantic fund that you put the hand on fire for the company - and don’t start saying that GS and other big banks started buying BB, look at the size of their $ AUM and their positions, this is just mere diversification.
Positive for me; I scooped up a hundred shares of $MTTR at about $9.50 and another hundred $BB for less than $8. I also got some $CRF under $13 and $CRTX for under $9. Then stupid Vanguard started with this whole "cash hasn't cleared yet" bullshit when I was about to grab some fucking $GOGL for $7 and change. I was a gorgeous day, and I don't know when I'll ever see that kind of sale again.
BB is misunderstood. That is one reason it is relatively very cheap. In some cases 90% cheaper than comps (and it is more interesting in terms of what it has going on and that can drive valuation). Insider selling by Chen is an example. He has had a basic plan to sell shares on a regular basis since day 1. His income is pretty much payment in equity, so just for taxes he needs to sell. You will notice he will sell regardless of price. What is never mentioned is that his net ownership has been increasing. Note the link below. In just Nov his net ownership went up over 15% (from 5.2 mil to 6 mil shares). I believe his total ownership was closer to the 3-4 million share number a year ago, and a big increase regardless from there. Some like to suggest that Chen and Watsa and others are milking the company but that is wrong. Chen is already wealthy and came out or retirement to do this. He also was slatted for the CEO job at Apple. Why would he hang around for 7 years if things were not going the right way. It takes time to turn something like this around. Now it's turned and the growth has only just started to peak it's head (ex. IOT up 35%). Be patient. It will pay off. The only real questions seems to be to what degree. Would be shocked if we did not see $30-50 USD at some point. For all sorts of reasons. If you just use the P/S of CRWD that gets us to $35 USD level for BB. If you just look at how Chen is paid, a big chunk goes to him when the shares hit $30 USD. If he didn't think it was possible and very realistic, why would he hang around ? Remember he is already wealthy. He is on a mission and it's about more than just $. ​ https://finviz.com/insidertrading.ashx?oc=1082030&tc=7
BB has been headed relentlessly for the basement since it popped in June. Yes it has more than one thing to offer, but apparently nobody wants any of them. OP claims that institutions have been buying for 10 years, but all of the insiders are selling it like crazy. The CEO dumped 6,000,000 shares in early November, and he's not the only one selling. The quality of their offerings is not getting them any "traction" at this point. Maybe they will in the future, but it's not apparent today, and won't likely be for at least 2-3 years. You MIGHT be able to recommend it as a buy and hold, but I don't think anyone comes to WSB for that strategy; if so they're in the wrong place. How many shares do you own? OP calls it out as a great buy, when clearly it isn't.
Kind of important to get the basic numbers essentially right. The real point with BB and why some investors (including many world class very respected money managers) find it compelling is because there is tremendous potential and tremendous value. Just look at all the things they are getting done such as all the partnerships. So what it hasn't yet showed up in the numbers it will. (although it has just started to - IOT up 34% ) . BB is not a one trick pony but even compared to some cybersecurity one trick ponies (CRWD, etc.) it trades and roughly 10% or so of the valuation, yet has equal and most would say a better cybersecurity product. The argument partially why should it trade at a discount? Plus it has these other tangents that could become very substantial and already have traction - IVY for example. Thanks for pointing out the mistake in your OP.