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.
Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.
