RE:Looking good todayWhat are you smoking?
Since the weekend when BlackBerry and TCL announced the KEYone, trading volumes are much higher, the SP is down both days!
How is this "looking good" to you?
And why would you assume that Watsa is buying more?
And why do you assume the shorts are:
a. covering
b. losing
Pass that peace pipe my way, because I'm not seeing whatever you guys are seeing.
I see a slight negative sentiment with higher volumes the last two trading days.
It doesn't fill me with optimism, nor does it "look good" to me.
It looks flat to slightly down and we're closer to a 52 week low than the 52 week high. We're stuck at $7.00 - $7.50 US at the moment and we don't seem to have any major catelyst to move us higher other than some unannounced news that we're not privy to yet.
I don't mean to sound negative, but I'm not impressed with what I'm seeing on the market when it comes to BlackBerry's SP.
Also, I think we'll see a lower revenue number this upcoming quarter (yet again) due to declining HW and SAF revenue. The only silver lining is that BlackBerry should have a positive non-GAAP report, but revenue is dropping again.
Unless John Chen has some sort of secret revenue stream we don't know about, BlackBerry will be an even smaller company when it comes to revenues again this quarter imo and I don't think this device is going to change that this quarter or next unless the US government signs some massive deal..