RE:RE:Don't you just love......"explain to me how any due diligence could have seen this coming?"
Do you want a serious answer from someone that has been trading for over 30 years? Any time the short interest is greater than 3% of the outstanding, it is cause for some concern. Any time the short interest is greater than 25% of the outstanding it should be sending rockets off in your head. These people are not fools. If you can not figure out why, then it is time to get your money to the sidelines or at least start trading to lessen your exposure. If you do figure out why so much money and such a great percentage of the float is being bet against the company then you probably are about to become a short yourself.
| Settlement Date | Short Interest | Avg Daily Share Volume | Days To Cover |
| 8/30/2013 | 149,143,958 | 17,641,052 | 8.454369 |
Sorry but $1.5 billion (Market valuation on 8/30/13) did not wake up one day and say "Lets risk all that betting against Blackberry for no reason at all". There is a reason and rest assured that $1.5 billion did not originate from new retail investors risking their lunch money. These are seasoned professional players that know a lot more than you presently do or will likely ever know.
Now with all that said I am not saying to blindly follow them. You should not follow anyone. Your investment decision should be based on solid DD, but if you are ignoring data like I just posted then you have not done your DD.