BlackBerry Ltd T.BB

Bear Attack

[bullriderr]

BB goes down 15% in 2 days with no news??? Why has it not been halted to request if any relevent news has develpoed which should be released???

Something fishy going on here.

Large volume trades which have to have buyers. Either long trades or short buyers covering. If you are short, why buy to cover now if the BB is going to "0". Why not wait for the real results and make a killing???
Perhaps there is great fear that the coming results will be a beat and all the shorts will get burned if the tree does not get shaken hard enough before next weeks triple witch.

# 5 fastest growing cyber Co according to a recent post on this board. Hmmm.
Partnerships with big tech names which will bear fruit in the future.
They own the Automotive market for RTOS and growning stronger there.

If someone who is a seller would come to this board and give me a sound reason for doing so, I would love to hear it.

[Joey67]

Why has JG not spoken to shareholders? This management team is either completely incompetent or purposely screwing shareholders.  I don't see no other explanation for  watching your share price erode from $5 to $2 without saying a single word.  

[bullriderr]

BB is in quiet period. What better time to launch a bear attack, especially on BB after the recent meme event . REVENGE!!!!????? JG has to stay silent unless poked by the exchange commission to respond.  Perfect setup for manipulation.

[rixpix]

Shorts buying would make the stock go up, not down like it's been the last few days. There's definitely shorting going on here driving the price down along with sellers panic selling. Someone knows something bad is coming out next week and they're selling fast. That's what I see, and all IMHO. GLTA

[39013]

Shorts but at CIBC

[bullriderr]

My point is that with all this selling volume there is also Buying volume. People aren't giving away shares. Buyers are scooping them up for a reason. If there was really  bad news coming, why would any one want to buy the shares to go long and loose money in short order. Ie 2 weeks. I believe this is pure manipulation to get cheap shares.

[Joey67]

Your argument would make sense but does apply to BlackBerry. The stock has been declining for 15 years. Nothing has occurred to change the narrative. JG has forecast continued headwinds and continued declines in revenue. 

[johnney]

Don't be too much upset! Probally a Reverse Split is coming! They will vote themselves low stock options!

[Joey67]

Makes sense. Perhaps it got out JG Is announcing a 10:1 reverse split at the AGM.  

[bullriderr]

There is no need for a 10 to 1 split,  I am sure the board realizes that it would not increase the value of BB. In fact it would only reduce the net value in short order. The only winners of a 10 to 1 reverse would be the shorts who feel they have much more downward room to work with. From $33 a share they would be shorting all the way down to $3 again. It would be a bloodbath. As it stands

[Joey67]

Once the stock drops below a $1 the stock exchange gives  180 days to get your share price above a dollar or you are delisted.  You don't have a choice to do the reverse split if you can't raise your share price.  

[bullriderr]

Last time I checked BB shares are above $1 a share.

[Joey67]

Next ER critical. We may be under $2 before the ER and then if the ER disappoints, which is normally what BB does, the drop will be substantial. We could be pretty close to $1 within a month..Look how fast JG dropped us from $6 to 2. Mere months. 

[bullriderr]

If the price drops below$2 that means a poor Quarter has already been priced in ahead of earnings. The results would have to be absolutely horrendous for it drop 50% more. Since BB always warns of earnings misses well ahead of earnings announcements I can only assume that the results will be INLINE with expectations. I suggest a good read of the last quarter results from page 1 to 16. Does it say

[Joey67]

Results don't have to be horrendous. It's dropped 20% on nothing. This stock has been disappointing for 15 years. Investors have been worn down. Even a slight whiff of disappointment causes capitulation. $148 to $2.

[Joey67]

The fear is real. Revenues have been in decline for 15 years. JG never stated this will change and when.  He guided to all time low revenue this quarter. He is going to guide lower next quarter. For how long will revenue cost ntinue to decline. Another year, decade or century.  

[bullriderr]

You obviously did not read the full quarterly report. After reviewing all of your posts one can clearly see that you are shorting blackberry and want to feed the flames of discontent for your own gains. If you are a holder and not happy then simply sell your shares and move on to greener pastures. Your negative comments will never have any constructive effect on what BB does going forward.  I

[cleareye]

Bullriderr, In agreement with your idea, if you look at the after hour trades there are a few worth more than 150,000 usd, at these low prices. I am not too shocked that a brokerage house could manipulate the price down to make pre-arranged trades at agreed upon prices. They would probably deny it, or would hold a brazen attitude and not put away such hubris. It's power. Small guys just

[jollynik6]

Have To Agree Why Are They Grabbing Shares, The Problem With BB Is Keeping Shareholders In The Dark,To The Point Were Nobody TRUSTS Or BELIEVES Anything they Say Or Do, I Caught it in The Last run up ,Got Out At 26.50  And was STUPID enough to Get back in  At 12.00 Have since averaged down a bit,  Keep Up The Great Posts ,Very Informative  Intelligent Posters ,Except For Joey