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Is buying Blackberry (BB) stock under $10 a good investment?
Posted on 12/28/21 at 12:02 pm
Posted on 12/28/21 at 12:02 pm
Any bullish or bearish thoughts would be appreciated.
7
Posted on 12/28/21 at 12:12 pm to Longer Tail Tiger
For a long-term hold or more of a short-term swing trade?
Posted on 12/28/21 at 12:45 pm to Longer Tail Tiger
Do you or anyone you know use blackberry technology?
Posted on 12/28/21 at 1:33 pm to Paul Allen
quote:
For a long-term hold or more of a short-term swing trade?
I was thinking what thoughts, bearish or bullish, anyone might be willing to share, as to whether or not BB shares might be a good or a bad long-term investment.
However, I'd also be interested in any thoughts, bearish or bullish, as to whether or not BB shares might be a good or bad short-term swing trade.
Posted on 12/28/21 at 1:45 pm to big_tuna
quote:
Do you or anyone you know use blackberry technology?
They're not a smart phone company anymore. They do cyber security and have a stock of patents they sell to other companies. Their tech is used in SpaceX software and there were rumors that Tesla would employ their technology because of the familiarity with Musk, but I don't think that's happened yet. Cyber security will be a major obstacle to self-driving vehicles if they're ever going to be brought up to scale.
This post was edited on 12/28/21 at 1:50 pm
Posted on 12/28/21 at 1:53 pm to tiggerthetooth
There was an extensive thread about them here last year. IIRC, the DD in the thread said how they had switched to a software company and were going to swing profitable last year, I bought some and unloaded after it failed to meet my expectations.
Posted on 12/28/21 at 2:27 pm to Longer Tail Tiger
Thoughts from a long term BB share and bag holder (since January of this year):
The stock has been a very poor performer for me, but I think with IVY (Intelligent Vehicle Data Platform) - a subscription based cloud connected software platform that will allow automakers a way to read sensor data, and then in turn create actionable insights from it, being released in February, I think it has the potential to take off again real soon. That will be their main revenue source once it’s up to speed. The thing is, the stock has so little volume and so little institutional ownership at the moment, that the stock is easily manipulated by hedge funds. It’s like it’s continuously being shorted by them. The normal daily price movement is generally down because of this, but it will be offset by a small, little upward bursts, where it will hang out at a price for a period, then go back down. Every now and then you will get a nice a little run, but most of the time the price level doesn’t hold. Where it is right now, I think anything under $9 is a great buy considering where it’s been the past year. I’m still holding considering the long term potential that they have in the EV field working with the majority of the top EV makers.
The stock has been a very poor performer for me, but I think with IVY (Intelligent Vehicle Data Platform) - a subscription based cloud connected software platform that will allow automakers a way to read sensor data, and then in turn create actionable insights from it, being released in February, I think it has the potential to take off again real soon. That will be their main revenue source once it’s up to speed. The thing is, the stock has so little volume and so little institutional ownership at the moment, that the stock is easily manipulated by hedge funds. It’s like it’s continuously being shorted by them. The normal daily price movement is generally down because of this, but it will be offset by a small, little upward bursts, where it will hang out at a price for a period, then go back down. Every now and then you will get a nice a little run, but most of the time the price level doesn’t hold. Where it is right now, I think anything under $9 is a great buy considering where it’s been the past year. I’m still holding considering the long term potential that they have in the EV field working with the majority of the top EV makers.
Posted on 12/28/21 at 3:19 pm to Longer Tail Tiger
I bought it at the beginning of the year as part of the meme stock craze. Lost 50% on it, but planned to hold long term b/c I still believed it had long term potential, but I ended up selling it a few months ago so I could take the loss this year and offset some gains. Now that I'm out, I don't think I'll get back in.
Posted on 12/28/21 at 3:22 pm to Longer Tail Tiger
Seems like dead money if you ask me. Would spend elsewhere like S if looking for a cheap cyber security stock.
Posted on 12/28/21 at 3:31 pm to Longer Tail Tiger
It was a great short term but under $10 a year ago. I made a pretty penny off of it when it went way up early this year.
Posted on 12/28/21 at 6:18 pm to Longer Tail Tiger
quote:
Blackberry
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