BlackBerry Ltd T.BB

Hat Tip to Hedgetrimmer and Yasch22

[blackberry]

Yasche wrote This is mainly a response to Hedgetrimmer from yesterday (see his original comment below).

I can agree that there's a sort of corruption in the world of professional analysis, but I think it's confined to the system that individual analysts have to work inside. Most of the ones we hear work for the investment arms of banks, and both the analysts and the banks want to increase the volumes of trade orders sent their way by the big hedge funds. They also need to "stay grey" on a lot of their calls because they want invitations to participate in various kinds of deals.

So, just an opinion (because I've never worked in this field), but the main herd of analysts are pretty well always 45% partly right and 45% partly wrong. In the less common 10% they get a call spectacularly right or horribly wrong. The main problem with these folks is that they're like the tails in a slow-moving herd. They sound like they're the smartest people in the room, but we can do better than the majority of them IF we have time to do the due diligence.

There's a different level of corruption with analysts who actively curry favour with big market players who want shares of a particular company to go up or down. The worst of the worst here are the ones working in the service of a shorter, especially if they're cynically exaggerating a company's shortcomings.

The best analysts are the ones who run their own ETFs (or whatever financial instrument) and put their own money where their mouths are. Two of my favourites are Cathie Wood of ARK Invest and Chamath Palihapitiya of Social Capital.

Hedgetrimmer wrote: 

Re: Investors No Longer Want Common Ground, They Want To Destroy

.... I think the epitome of it all was when hedge fund billionaire and convicted insider trader Leon Cooperman cried about the retail investor attacking wealthy people. What a bloody crook that guy is, incredible that he can still wield influence in the SM. I'd also put the big banks and financial institutions up there as far as manipulative behavior goes. 

There is IMO a second level of corruption, that being the paid analyst. I don't think they have the means to physically manipulate with their own money but their word destroys speculation, the only thing the retail investor has to work with. Question is, are they credible? Too much money involved to think not. And the worst part of it, neither hedge fund or analyst needs to own a share.

Honestly sometimes I wonder what I'm doing here when I'm outgunned. Battleship vs a rowboat. I hate being at the mercy or whim of the big gunners. But I have to develop a feel, be my own computer and figure the algorithms of hedgers. Should only have to worry about company performance. Must be a good day to rant...lol


Blackberry says What we know for sure is that none of the the experts iat the begining of November were projecting we would be up over 100% as of today. In fact to describe these guys in a coma at the time is quite accurate. As many people have suggested conducting your own due dilligence is vital especially when you when you forgotten what the colour green looks like. We cannot rely on 99% of analysts in my opinion.

We still own the greatest turnaround story and I feel fortunate to be witnessing it. Cheers