Post by
bullriderr on Jun 14, 2024 10:50am
Bear Attack
BB goes down 15% in 2 days with no news??? Why has it not been halted to request if any relevent news has develpoed which should be released???
Something fishy going on here.
Large volume trades which have to have buyers. Either long trades or short buyers covering. If you are short, why buy to cover now if the BB is going to "0". Why not wait for the real results and make a killing???
Perhaps there is great fear that the coming results will be a beat and all the shorts will get burned if the tree does not get shaken hard enough before next weeks triple witch.
# 5 fastest growing cyber Co according to a recent post on this board. Hmmm.
Partnerships with big tech names which will bear fruit in the future.
They own the Automotive market for RTOS and growning stronger there.
If someone who is a seller would come to this board and give me a sound reason for doing so, I would love to hear it.
Comment by
Joey67 on Jun 14, 2024 11:02am
Why has JG not spoken to shareholders? This management team is either completely incompetent or purposely screwing shareholders. I don't see no other explanation for watching your share price erode from $5 to $2 without saying a single word.
Comment by
bullriderr on Jun 14, 2024 11:25am
BB is in quiet period. What better time to launch a bear attack, especially on BB after the recent meme event . REVENGE!!!!????? JG has to stay silent unless poked by the exchange commission to respond. Perfect setup for manipulation.
Comment by
rixpix on Jun 14, 2024 5:15pm
Shorts buying would make the stock go up, not down like it's been the last few days. There's definitely shorting going on here driving the price down along with sellers panic selling. Someone knows something bad is coming out next week and they're selling fast. That's what I see, and all IMHO. GLTA
Comment by
bullriderr on Jun 14, 2024 8:48pm
My point is that with all this selling volume there is also Buying volume. People aren't giving away shares. Buyers are scooping them up for a reason. If there was really bad news coming, why would any one want to buy the shares to go long and loose money in short order. Ie 2 weeks. I believe this is pure manipulation to get cheap shares.
Comment by
Joey67 on Jun 15, 2024 12:07am
Your argument would make sense but does apply to BlackBerry. The stock has been declining for 15 years. Nothing has occurred to change the narrative. JG has forecast continued headwinds and continued declines in revenue.
Comment by
johnney on Jun 15, 2024 10:28am
Don't be too much upset! Probally a Reverse Split is coming! They will vote themselves low stock options!
Comment by
Joey67 on Jun 15, 2024 10:54am
Makes sense. Perhaps it got out JG Is announcing a 10:1 reverse split at the AGM.
Comment by
Joey67 on Jun 16, 2024 12:24am
Once the stock drops below a $1 the stock exchange gives 180 days to get your share price above a dollar or you are delisted. You don't have a choice to do the reverse split if you can't raise your share price.
Comment by
bullriderr on Jun 16, 2024 10:17am
Last time I checked BB shares are above $1 a share.
Comment by
Joey67 on Jun 16, 2024 10:37am
Next ER critical. We may be under $2 before the ER and then if the ER disappoints, which is normally what BB does, the drop will be substantial. We could be pretty close to $1 within a month..Look how fast JG dropped us from $6 to 2. Mere months.
Comment by
Joey67 on Jun 16, 2024 12:09pm
Results don't have to be horrendous. It's dropped 20% on nothing. This stock has been disappointing for 15 years. Investors have been worn down. Even a slight whiff of disappointment causes capitulation. $148 to $2.
Comment by
Joey67 on Jun 16, 2024 12:11pm
The fear is real. Revenues have been in decline for 15 years. JG never stated this will change and when. He guided to all time low revenue this quarter. He is going to guide lower next quarter. For how long will revenue cost ntinue to decline. Another year, decade or century.