BlackBerry Ltd T.BB

The Gme saga

[Pocketfulofhope]

My 2 cents.  This unprecedented event has caused a lot of noise. I have watched it all from the sidelines to much enjoyment. Impressive movement the Reddit army is.  I do have an interest in bb and if the price starts to trade at a level I see as a safe entry I will invest. That being said I would like to explain my trading style (for those who care to hear) which I haved developed over my trading career. It's based on my experiences and designed to keep me from avoiding losses. Gains are great and what it's all about but for me the best trading strategy is safe entry - no losses. . In all honesty I miss a lot of runs up because I stick to my investment  critirea. Mid run plays have instant results and rewards. But they also carry a red flag. Volume pushes,  mass short squeezes,  and hard retail level promotion can bring in the masses but nothing goes north forever. Some one that hears about this late and listens to the noise and outlandish evaluations and  enters at a high is a risk of huge losses. BB future seems bright so investing makes sense but remember a lot of the easy gains have been made on the market already. Hard gains from here. For a company worth 10 billion to become worth 20 billion a lot of fundamentals should have had to changes double the revenue double the business etc . Now in contrast a company worth 2 million to double in value is relatively easy when we compared to the mass amount a growth a company should need to be worth 10 billion more. Base on this assumption I'm a bottoms guy, a dumpster driver. Much like Gme was to start. I look for a hot sector find bottomed out companies that are UNDERVALUED have strong tec or sector relevance. I then start to a accumulate shares at the low. Sit back and wait for the sector to pull up the undervalued.  20-30% within the 52 week bottom is a super safe entry if it's a 2 or 3 year bottom you might see a strong long term up trend when the reversal hits.  Finding the entry is easier for a chartist so learning to read simply indictator on a candlestick charts is a must. They will, in all investments help you gauge the strength of a stock. Oversold and overbought all are inportant pieces of information when forming an opinion.  These bottomed plays when the charts are screaming buy and the billboard are screaming for CEO's head that's the buy time. Better to invest in a shiattie company at the right time then the sector leaders at the wrong time.  I know people in canopy at 70$ and they hate the investment but I know others who hold at 18$ and they love it. Entry is critical to protect yourself - day trader -swing trader - long investor it's all about a safe entry.  I guess what I'm saying is while all this plays out with the big boys take a minute and look at some of the small fish. Market drew from all to support the Reddit movement . By doing that it has created buys sector to sector.  Great luck to all... can't wait to see what happens here next week. I hope it's another missed buy for me and you all get to roll in the green..

[fusionone]

@pocketfulofhope. Well said comment. This is anything but a safe entry point!!

[NorthOntKid]

It's a bargain compared to what crowdstrike is trading at.

[fusionone]

I am looking at the broader picture as to where things are headed, there are no bargains. So comparing to stock that is already overvalued is really irrelevant.

[TrendSwapper]

Buy low, sell high. Got it! Thanks for the advice!