China's Dragging Everyone DownI can understand how "China fears" would drag down companies that have lots of exposure to the Chinese market (like Apple, MSFT etc) but Blackberry doesn't have very much (if any) exposure to the Chinese market.
Apple is cutting production by about 30% according to reports.
Blackberry is not cutting production and are in fact putting the Priv into more and more markets and carriers.
I can understand why Apple and other heavy weights would trade lower today due to Chinese concerns and production cuts on the iphone, but Blackberry's SP shouldn't be dragged down too imo.
Especially since Blackberry is still so undervalued.
My conclusion is that Blackberry is still trading at a massive discount and people are still able to get them while they're still cheap.
Long Blackberry in 2016
Short Apple in 2016