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BlackBerry Ltd

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Although I have no interest in P/E or such, it makes sense to take a quick look at company fundamentals now and then.  BlackBerry posted a modestly successful quarterly result recently and the subsequent selloff looks a bit sharp, so this seems like a good long to hold on to.   A nice retracement to 850 doesn't seem unreasonable. (Disclosure: I am long.  :D )

If it does drop further and stop me out I might then immediately open a short with a target of 657.

 

BBRY-Daily.thumb.png.51042c5f0662dbd516e7126fa82a4f4a.png

 

Edited by dmedin

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It's still selling off heavily, so considering a short to 596.

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But I shall wait and see if it rallies a bit, then sell the rally.  😎

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WOW.  Was not expecting that.  So glad I didn't open a long position on this company's stock.

bbry.thumb.jpg.d549de5e9f40a221405dea26350d9e33.jpg

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This stock is is uncharted territory.  AFAICT the next 'resistance' point is way, way down at a level established many years ago.  Surely it won't fall that far.

 

 

1091684551_BlackberryLtd(US)_20190927_16_15.thumb.png.ef9e8b1301f05569b1e77ad8a85cdf12.png

 

Edited by dmedin

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On 27/09/2019 at 16:17, dmedin said:

AFAICT the next 'resistance'

Support, even.

But it's okay, as I know nobody reads my posts anyway :P

 

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Yet another share that would have richly rewarded the cautious, patient, buy-and-hold approach at or near the bottom.  Seems like a bit of a theme with stocks?

 

bbry.thumb.png.a8dad5de319cfe7a8e8f52103ec76710.png

 

Edited by dmedin

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Posted (edited)

Hmm.  It all looks so straightforward now.   Short it back down? 🤨

BBRY-Daily.thumb.png.87099bc74246116e645521354748e1dd.png

Edited by dmedin
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5 hours ago, dmedin said:

Hmm.  It all looks so straightforward now.   Short it back down? 🤨

I wouldn't be in a rush to short that, you can see why it's been held up from continuing higher but the bulls may just be just catching breath and gathering for another push up.

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Gaps higher on increased volume, buy!

BBRY-Daily.thumb.png.3d2e2503a08f37f0229246ae79363f9f.png

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