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re: BlackBerry transformation - time to buy is now

Posted on 2/2/21 at 9:42 am to
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 2/2/21 at 9:42 am to
quote:

It has the restrictions of the meme stocks without the momentum. Long term this is a great buying opportunity. It really pisses me off how bad this is getting crushed by the reddit stuff.




Isn't the Reddit buzz what made this stock rocket in the first place?
Posted by cgrand
HAMMOND
Member since Oct 2009
38757 posts
Posted on 2/2/21 at 10:01 am to
when it goes below 10 i'm going to make a large buy
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 2/2/21 at 10:04 am to
Great opportunity to get in right now. Thsi reddit shite is stupid and BB should not be looped into it.
Posted by prostyleoffensetime
Mississippi
Member since Aug 2009
11434 posts
Posted on 2/2/21 at 10:09 am to
quote:

It really pisses me off how bad this is getting crushed by the reddit stuff.


It’s like we’re making a drug deal... We just want to get high (stock making a run), our buddie’s GME and AMC know a guy. So we tag along, get there and holy shite... GME and AMC owe these people some money. They just killed our buddies for non payment, and now they’re shooting our knee caps out as a message...

I’ve been watching a lot of Sopranos lately.

Eta: I’ve been in at 13.28 for a couple weeks. I bought it like two days before the Reddit stuff really hit the fan. I’m holding. I have faith in the Money Board and Discord. You frickers are right way more often than not.
This post was edited on 2/2/21 at 10:16 am
Posted by GREENHEAD22
Member since Nov 2009
19594 posts
Posted on 2/2/21 at 10:11 am to
I am hoping it touches 11.
Posted by cgrand
HAMMOND
Member since Oct 2009
38757 posts
Posted on 2/2/21 at 10:12 am to
quote:

I am hoping it touches 11.

it already did
Posted by GREENHEAD22
Member since Nov 2009
19594 posts
Posted on 2/2/21 at 10:15 am to
11 even is my limit buy, it went 11.08
Posted by TigerTalker142
Lafayette
Member since Oct 2007
1100 posts
Posted on 2/2/21 at 10:17 am to
quote:

Isn't the Reddit buzz what made this stock rocket in the first place?


It absolutely benefited as it happened to be getting a lot of traction on wsb at the same time gme got started, even though it was being recommended as a long term hold and not as a short squeeze candidate.

On the flip side though, BB was trading higher then it is today whenever GME was still in the 30's. So even though it definitely benefited from the exposure initially, the fact it's been lumped into these same restrictions, although it had zero squeeze potential, has probably hurt it more then it helped unless you were riding it as a short term play. In addition, growth may be inhibited for a while as in the public eye it's been lumped in with the rest of the failed/finished short squeeze's, and may struggle to gain traction for a bit.

Posted by AUjim
America
Member since Dec 2012
3662 posts
Posted on 2/2/21 at 10:20 am to
I bought @ 12.70 thinking long.
When it hit 28.xx i was up $10,000 and started thinking short. Set a sell limit @ 28.50 the next 2 days that it never hit.
Today I'm back to thinking long, and I'm mostly ok with it, other than the FACT that the powerful have intentionally crushed it.

Wonder how much money they made back from taking new short positions on GME, AMC, NOK, and BB last week.....

This post was edited on 2/2/21 at 10:22 am
Posted by Mathias
Houston
Member since Jun 2008
3131 posts
Posted on 2/2/21 at 10:22 am to
BB's finally been taken off the Robinhood restriction list.
Posted by MadDogs
Member since Jul 2018
444 posts
Posted on 2/2/21 at 10:45 am to
This was always a long term play for me before the GME fiasco. I did cash out when it was at the top, but have bough back in and plan to hold.
Posted by AUjim
America
Member since Dec 2012
3662 posts
Posted on 2/2/21 at 11:18 am to
quote:

BB's finally been taken off the Robinhood restriction list.



Fully? I didn't see that. I saw where they eased their restrictions, allowing up to 700 shares
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30566 posts
Posted on 2/2/21 at 11:20 am to
My concern at this point is this stock probably got a number of new shorts onto it bc of the inverse Reddit play

I still see it as a long term hold but short term it could fall further
This post was edited on 2/2/21 at 11:20 am
Posted by Mathias
Houston
Member since Jun 2008
3131 posts
Posted on 2/2/21 at 11:22 am to
quote:

Fully? I didn't see that. I saw where they eased their restrictions, allowing up to 700 shares

It's on their website.
Posted by AUjim
America
Member since Dec 2012
3662 posts
Posted on 2/2/21 at 11:24 am to
quote:

Mathias


Thank you kindly.
Posted by cgrand
HAMMOND
Member since Oct 2009
38757 posts
Posted on 2/2/21 at 11:24 am to
quote:

I still see it as a long term hold but short term it could fall further

correct (and i hope it does).
i've got a small boat at 13, and if/when it gets to 10 i'm going in
Posted by supadave3
Houston, TX
Member since Dec 2005
30251 posts
Posted on 2/2/21 at 11:34 am to
I’m in at $9 but do wish I would have sold some at $20. Hindsight, and all. Could have taken profits and bought right back in today.

It’s tough to not feel that as a loss when in reality, I’m still up $2 share but I feel like I’m down $8.
Posted by tigerinthawoods
Phoenix, AZ
Member since Jul 2011
166 posts
Posted on 2/2/21 at 9:01 pm to
So I'm in at roughly $16.45 with 350 shares. Are there other better plays out there at the moment than sticking this one out? I'm hopeful BB bounces back within the next week, but thinking this may go back down all the way to the $7/8 range, and won't touch the $15-20 range until another few months or until it's able to rebuild some momentum. Would I be idiotic cutting losses first thing tomorrow if it opens around where it closed today, and going elsewhere? Or is it wise to just ride this one out at this point?
This post was edited on 2/2/21 at 9:04 pm
Posted by GREENHEAD22
Member since Nov 2009
19594 posts
Posted on 2/3/21 at 9:10 am to
Getting hammered out of the gate.
Posted by AUjim
America
Member since Dec 2012
3662 posts
Posted on 2/3/21 at 9:17 am to
What a shitshow.

I'm about to cut losses and move back to my f'ing safe index mutual fund. I'm not built for single stocks.

I thought it was a good long term buy @ 12.70....but now its starting to look like it'll take a while even to get back to my basis...

I still believe it was a good buy @ that price....but the hammer coming down so hard has swung the pendulum in a way I can't deal with, and I don't have the balls to see how long it takes to swing back the other way.
This post was edited on 2/3/21 at 9:21 am
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