Prem Watsa sold 104m shares at $31/share in JanuaryA really good post by DavidJack at Stocktwits in response to Makescents (who btw is a huge bull disguised as bear). I know makescents from like 8 years ago when he was roaming around in Cuba with his blackberry phone...he's a good man but has lost patient lately which is understandable among long term investors(5+ years).
original post here https://stocktwits.com/makescents/message/401892267
Prem Watsa could have unloaded all his 104mil shares at $31 for a 200% profit in January and again in June, any residue. BUT he sold ZERO! The guy is not stupido, he knows the true value of blackberry and its tech like many of us do that are long termers. This company today should be $100-$200 stock but has been manipulated. Prem is not fighiting it for his own reasons but he knows selling it at $31 is pennies.
If a billionaire like Prem Watsa sold zero share at $31 why do you want to sell it at $12, $15, or even $30? This is like getting into AMD at $1.67 in 2015.