RE: TA from the comments on SA Like this comment, maybe Blackberry is being taken down by naked short selling.
By Scout22
"Note: There is a very interesting and significant article in today's Wall Street Journal - Page C1 "SEC Nets Win in 'Naked Short' Case".
There is no doubt that stocks such as BBRY have been victimized by this ongoing practice - which is now attracting much more scrutiny from the SEC. Some quotes from the article: ..."short selling fraud aided by one of the biggest stock-options brokers in the U.S.....The decision makes it more likely that the SEC will proceed with other enforcement cases involving similar activity ...trading billions of dollars of stock and options without following through in his obligation to borrow and deliver shares on the stock he sold short ...Regulators say the practice distorts markets and can harm investors ...perpetrated a fraud on the participants in the securities markets ...the case is seen within the SEC as a potential landmark for its market abuse unit, since it involves trading strategies that in the past evaded the agency's radar ..."
With the massive short interest that has built up over the last year in BBRY this heightened scrutiny by the SEC should be viewed as a positive development for the stock going forward."
https://seekingalpha.com/article/1493462-blackberry-poised-for-a-volatile-month