@ wavector actually BBRY traded down to 14.64 on Friday and 13.64 on Monday. if i am not mistaken over 200M shares traded on NASD during this period. the short report you are referring to is out of date. imho, it always makes sense to buy low(er) and sell high(er) regardless of what your cost is. i also never suggested the shorts covered their entire position. the uber bearish smear campaign and the resulting selling by longs gave them a good opportunity to restock some of their ammo supply, however (which they will undoubtedly deploy tomorrow). it remains to be seen if this was premeditated or not. do you not find it somewhat odd that there hasn't been any overtly negative coverage regarding the launch via TMobile and Verizon (as we saw with AT&T)??? just sayin'...
for now, nothing about this chart tells me we are definitively out of the woods yet. while bullish scenarios are still on the table (as explained in a prev post), a case could also be made for something of the ugly variety if things do not go well tomorrow. anyhow, we'll get some answers (one way or the other) very soon
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