Post by
gashole on Jan 28, 2021 1:11pm
This whole thing is so stupid
Blackberry was mentioned in some conversations on the Wall Street bets Reddit site but Blackberry was never a Target by Wall Street bets to squeeze short players .. the number of shorts on BlackBerry are only around 7 or 8% of the outstanding shares which is quite low so a short squeeze on them probably didn't even make sense to Wall Street bets, they were never actually a Target.... but they got lumped into the same category as all the other stocks... just based on people saying to other Traders maybe we should buy some BlackBerry stock when Wall Street bets was not even saying it themselves and then all the banks getting on board and limiting trading on BlackBerry is what caused it to tank so if anybody wants to start up a class action lawsuit I would definitely be it on board with that one...
Comment by
TrendSwapper on Jan 28, 2021 1:29pm
Blackberry is a completely different story than Gamestop, and shouldn't be lumped into that category. It's rise is based on material changes to it's operations, while Gamestop was a coordinated short squeeze. Blackberry has a bright future; Gamestop's is highly unlikely.
Comment by
gashole on Jan 28, 2021 1:31pm
Did you notice it's down almost 40%? It is definitely lumped into the same category while not really being a participant that's why there should be some lawsuits
Comment by
TrendSwapper on Jan 28, 2021 1:39pm
Not disputing; I'm in agreement. However, my point is that the future of these two stocks will differ significantly.
Comment by
gashole on Jan 28, 2021 1:55pm
Well I guess time will tell hopefully the sell-off does not continue and maybe people will start to realize the value in blackberry and start buying back in.. I'm down a lot right now but I've got no choice and will hold at this point
Comment by
aabrahadabraa on Jan 28, 2021 1:36pm
they are pushing it on the board.