Post by Pucci1989on Feb 14, 2024 1:07pmPucci, I read the article you posted and am surprised at the outdated facts used to support the articles RBC recent price forcast. It would seem the poster has shaped the narrative to their liking, and is less reporting than it is propaganda for likely advertizers of the platform you directed us to.
As an example SNB may have liquidated some, the previous Q saw them increasing their stake and the article is 1Q outdated three weeks ago and today is now at least 4 months old. To put it into perspective if the Streets are akin to Sports then stating BB are down graded when the facts show the Big Money is stepping in would be like saying the Edmonton Oilers are in last place today, when in fact most know they went on an almost historic 16 game winning streak to plant themselves in a play off position. FRESH INFORMATION MATTERS, FACTS MATTER, propaganda is persusive. Institutional Ownership has increase 3.47% since January 29... actually my information is dated too but it does show that last Q's numbers are now indicating Institutions are absorbing BB, that is fact based upon recent data published by NASDAQ about BlackBerry. 7M shares isn't much in the BB world but 1.196% absorbed by institutions is significant... BB is in play at its lows.
BB Institutional Holdings Ownership Summary ...
BlackBerry Ltd (NYSE:BB) Number of Hedge Fund Investors: 19 Bla...
Also, Norges are increasing their stake from my previous post that saw them increasing their stake.
| Norges Bank | 12/31/2023 | 13,770,925 | 1,979,963 | 16.792% | $37,319 |
Further, if you find my recent post _____ you will note the Instutional Investments have increase today from that time.
| Institutional Ownership | 48.95% |
| Total Shares Outstanding (millions) | 585 |
| Total Value of Holdings (millions) | $776 |
| Increased Positions | 95 | 33,655,959 |
| Decreased Positions | 89 | 20,546,660 |
| Held Positions | 58 | 232,315,575 |
| Total Institutional Shares | 242 | 286,518,194 |
I suggest the information is deceptive surrounding BB as Big Money reenters the Long trade and begins to absorb 20 to 40% more over the next 9 months. The information is deceptive because the Big Money has so many levers to pull and they simply find it too easy to pull the wool over eyes of nacent investors.
BB Long is the trade, if you are in or thinking about investing with low risk, wait for April 2 and/or Q1 earnings sometime late June to confirm the Investment Houses re-entering the trade and taking 20 or 200% on the incredibly undervalued, poorly managed BlackBerry.