bb is exciting im not talking about the Z10 here. I am simply talking about the STOCK itself .This is what BAC was last year in the first quarter, a trader's dream. Big volume, big volatility, big gains and losses, intra hour, intra day, intra week, intra month.
Apple and Google by contrast are boring to play, up ten dollars, down ten dollars, whoopee doo. Both stocks have lost some lustre even though GOOG is close to 800. Once it hits 800 Its a good bet to short because then all of the comparisons will surface about GOOG hitting 800 being similar to Apple's climb to 700. We still dont have the " really hot money " pouring in just yet. This is why !!!!!! There is a rear view mirror and forward viewing mirror. WHEN some solar stocks like WFR doubled to 4 dollars in 2 months others were saying its looking toppy because 6 months earlier it was at 1.50. Two years ago however it was 12. So retailers stood aside while its now gained another 25 % in the last month. For BB to really attract the hot money it has to break 19 dollars and hold ... maybe climb higher but hold there for at least 3 days........an eternity in this environment.
This then can attract wider range of price outcomes, can it hit 30?Will it flop and return to ten? We are range bound at 12 to 18. Market makers want to open this up for volatile trading all year, just like they did with BAC. This stock is widely followed, has a huge following in India and Indonesia and the Middle East. This all provides many fascinating trinkets of info for the hot money to trade on.
My prediction is this . VPO has always beleived the market RARELY gives you the same look TWICE. Oh no , thats too predictable for retailers and the STREET does not want you to make EASY MONEY. Just like BB price TANKED at the world wide launch it will do the opposite at the US launch, it will SOAR. Those 16 to 22 dollar puts in March are DEEP IN THE MONEY. The Calls are DEEP IN THE RED. If on this options expiration day BB finishes higher look for a 3 dollar break out next week.
Another point is this. This whole rally started because AA Alcoa posted a decent out look although earnings were exactly in line. however, AA is up a paltry 4 %. Again , if people bought the April 9 dollar calls whne I mentioned this or the July 10 dollar call you would be up 40 %. The April 9 calls were up intra day as high as 50 %. This is second inning for AA. BB is comnig to bat at the top of the 3rd inning. Folks we have not seen anything yet.
My point is this. Look at the rear view mirror for guidance as to POTENTIAL RANGE OF OUTCOMES but look to the FUTURE because thats where your financial outcome is decided. I am long BB , have been since 8, but it does not show since the symbol change. I trade a 70 % position and keep a 30 % core position. I have not sold a single share or option contract on Alcoa. I have traded ZNGA for big gains and re laoded yesterday on that name. I will also initiate a position in Trina Solar today also.
GLTA.