Short Squeeze Excerpts from last Q3, 2013.
"we believe the company has stabilized and will turn the corner in the next year.
but we are targeting to grow service revenue in smartphones, tablets and embedded application to a new offering with new partners and across platforms other than BlackBerry 10.
https://seekingalpha.com/article/1076641-research-in-motion-limited-management-discusses-q3-2013-results-earnings-call-transcript?source=email_rt_article_readmore&ifp=0
The Analysts believe that BB service Revenue will decline instead, contrary to what Management is saying.
and proceeded to short the Stock, thus dropping from over $18 to nearly $12.00 after the Q3 report came out.
Now the short position is over $147M shares.
Remember BB went to $6.10 low, because the Banksters cut their margin on BB, causing the stock to tumble.
Now after BB said they will return to profitability, grow their service revenue and maintain their cash position
above $2.1B, I can't see any sensible reason for this stock to fall again, except that the Hedgies will
try to keep it down by increasing their short positions.
Will be fun to see how these Hedgies will cover their shorts (growing).