After its recent earnings report BB rewarded my patience with a big surge upward. Then during Santa week it faded in what looked to me like a bullish flag. I almost bought more but I hold enough of it that adding more would have put me too overweight, which I try not to do on any single stock. So I just calmly held all shares. But damn, I thought it was bullish and it turns out it was.
The spike comes on news of a partnership with Baidu on Autonomous cars, which though nice news, sounds like hype to me. But I am not selling. The reason? This…
John Chen has only done what he set out to do and today’s noise is just part of the process. This old fashioned device maker, left in the dust by the likes of the sexy and stylized Apple, is a dinosaur egg with a software company trying to hatch.
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