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re: BlackBerry transformation - time to buy is now

Posted on 1/15/21 at 1:49 pm to
Posted by BZ504
Texas
Member since Oct 2005
9528 posts
Posted on 1/15/21 at 1:49 pm to
Below $10 now, dropping at the moment
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 1/15/21 at 1:56 pm to
Should have waited to buy, bought literally at the top
Posted by AA7
Birmingham, AL
Member since Nov 2009
26723 posts
Posted on 1/15/21 at 2:00 pm to
End of the day before a long weekend. A lot of people are just taking profits right now.
Posted by MrJimBeam
Member since Apr 2009
12352 posts
Posted on 1/15/21 at 2:01 pm to
quote:

End of the day before a long weekend. A lot of people are just taking profits right now.



Yeah long weekend, most everything is down. I'm not sweating too much here.
Posted by sonoma8
Member since Oct 2006
7670 posts
Posted on 1/15/21 at 2:16 pm to
Good time to add if you bought really high. Thats what my plan is with NIO
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41684 posts
Posted on 1/15/21 at 2:29 pm to
I bought at 7.98 but I think I'm going to stick with what I have. I don't like to have too many shares of any one stock. I prefer to have a moderate number of shares in each stock I own. Luckily I'm able to purchase specific dollar amounts of each stock so as long as the stock grows over time, I'm happy.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30606 posts
Posted on 1/15/21 at 2:33 pm to
If y’all are looking to add then wait for 9.15. At this point it’s bound and determined to fill the gap. I didn’t think we’d get a gap fill this early and with that much distance to go but here we are
Posted by dltigers3
Collierville, TN
Member since Jun 2010
2131 posts
Posted on 1/15/21 at 3:10 pm to
Shoulda waited until Tuesday, but at least I got in, and have 400 shares at a 10.59 average
Posted by dltigers3
Collierville, TN
Member since Jun 2010
2131 posts
Posted on 1/15/21 at 7:39 pm to
Any info on the settlement with FB?
Posted by 3PieceSpicy
Metairie
Member since Jan 2021
6266 posts
Posted on 1/15/21 at 7:44 pm to
Got in at 8.06. Work responsibilities cost me getting in around 7.6 lol. I’ve been thinking about jumping in ever since it dipped to the 6-7 range a couple of weeks ago. Upperdecker’s rational breakdown finally got me to pull the trigger. Thanks boss.
Posted by dltigers3
Collierville, TN
Member since Jun 2010
2131 posts
Posted on 1/18/21 at 12:20 pm to
BB is having a good day in the Canadian markets today, hopefully that translates to a strong showing tomorrow
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30606 posts
Posted on 1/19/21 at 7:45 am to
Looks like another gap opening. Doesn’t feel as good after the gap up and gap fill last week
Posted by SLafourche07
Member since Feb 2008
9929 posts
Posted on 1/19/21 at 7:48 am to
Yeah, how am I supposed to get excited at a 7% premarket gain when it was a dollar higher on Friday?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30606 posts
Posted on 1/19/21 at 8:00 am to
I’m just concerned about it going into another gap fill again, which would wipe out the PM gains
Posted by AndyJ
Member since Jul 2008
2761 posts
Posted on 1/19/21 at 8:01 am to
What does that mean? Should I wait to buy it then and not right at this moment?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30606 posts
Posted on 1/19/21 at 8:04 am to
“Gaps get filled” as in if you look at the current chart, if we open at 10.50 or whatever, there will be a large gap between Friday and close and open today. Those gaps tend to be filled, meaning the price will go back down to the other side of the gap ($9.65 or so) before climbing back upwards. I don’t completely understand why it occurs (nobody does), but it’s a pretty common phenomenon. Take a look at Friday’s chart
Posted by AndyJ
Member since Jul 2008
2761 posts
Posted on 1/19/21 at 8:10 am to
Ok thanks! I keep learning from you. I went to my VG account knowing the price from Friday ($9.84) BUT I could only buy at $10.40. So I was confused.
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 1/19/21 at 8:14 am to
quote:

Take a look at Friday’s chart


Thanks for that lesson, UD. Appreciate your insight.
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5420 posts
Posted on 1/19/21 at 8:15 am to
Are you at all worried about the gap at 6.16?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30606 posts
Posted on 1/19/21 at 8:24 am to
quote:

Are you at all worried about the gap at 6.16?

Not particularly but that’s a good catch. It almost filled but yea about $0.50 was not filled. Some gaps are never filled, and some it takes a very long time to fill. Again it’s not something very well understood, but short term gaps near a current price action tend to fill the most often, specifically when upward or downward pressure slows. A classic cup and handle chart will usually feature gap fills during both the cup and the handle
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