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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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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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