RE: I think we can confidently say... After the successful Z10 launch in usa and all other counties followed by positive Q4 results, we should see a lots of institutional interest in coming weeks. Therefore stock price must be appreciated continuously.
Real problem is that these shorts are very stubborn and calculated investors and they don't easily accept their defeat and throw in the towel easily. Sooner they will realize that they have infact a bad trade and start coving their position. There must be lots of BUY on STOP orders at 19+ and 20+
All Blackberry retail and institutional investors need to do is that keep on buying the stock. We need to see new money flowing into BB stock. Shorts will still attack and short it at 17 and 18 dollars to prevent upward movement. We will see a great resistance at 18.50 range, which is 52 weeks high. Once BB crosses this resistence, it will easily go to 22+
Happy trading and happy Easter.