BBRY has given an indication of the possibility, but not the certainty of a trend change. We can wait for market to go through some correction if it comes and see how BBRY operates. The whole thing is that the stock might move up faster if the market starts to rise. We cannot just discount the possibility that the bull market is still alive. There could still be a few up legs to come, and with it the chances to go long. Now, BBRY fundamentally may not be a star. I had posted it here because a friend had inquired about it. Those who are fundamentally inclined can go through IBD and there are tonnes of stocks to be found in it that are fundamentally solid. In case the weakness does become prolonged then it would be better to find other overvalued stocks that are going through they distribution phases instead of BBRY which clearly went through that phase a few years ago. The recent rise from December has doubled the stock. If another drop comes and a good entry shows up what's the harm in trying? Maybe a few long calls with limited risk might turn out to be spectacular. This of course is all speculation for now. We'll see what to do when the time comes. At least we have identified the stock while there is a chance it might be at the turning point. In case of a bear market of course we'll be looking down instead of up. Gringo
Hehe, I dont watch stocks, but i think that if one is going to buy some one should focus on stuff with at least a hope of future, preferably leaders. (Perhaps I am wrong). Anyway, you are right I will limit my comments to price
Well, you nailed it. Now, forgeting about my bias towards BBs in general, it does look like an opp to REV, if it doesnt work, scratch
In this case opp risk could be a really important issue. G, how would you clasify BB in a W position sheet? (Sect 18 M)
Well, I didnt, as I viewed it as mostly into stocks I decided to leave it for "later" and that later never came . I will give it a read, thanks.