As noted in NFTRH 466’s NFTRH+; Charts & Notes segment… BBRY clowned me last week as I bought it, and thought I was smart when it went up big the next day. It then went down just as big the next 2 days. It’s below resistance. Holding. John Chen for president! It’s not below resistance anymore. The play here (original hat tip to Citron Research) … Continue reading BBRY Clown Show Over
So while this phase is ongoing and I am able to maintain a Zen-like centered balance, I might as well keep riding it, because it’s going to end. I remember one day a couple years ago when I held two Biotech stocks in the portfolio. I’d decided to sell one and hold the other. I sold the larger, more well established company (GILD) and held … Continue reading BBRY: Pure, Dumb Luck and a Rambling Post
Assuming a reasonably stable market, I have committed to an extended hold in BBRY (after taking profit on a partial position) despite its daily overbought condition and short-term toppy appearance. That is because I have missed some big moves in the past (by using the same risk management that has saved me much capital in other situations) on stocks that had fundamentals behind them through … Continue reading Research in Motion
 aware of my self-congratulatory tone I’ve taken the profit on 40% of the SIMO position, actually bringing it in line with the BBRY position, on which I previously took partial profit. Much like with the tentative GDX short position, my shorts against commodities, financials and small caps are against long positions; two of which are doing really well and I have held (and traded … Continue reading Two Winners; SIMO & BBRY
Ever since ‘search and destroy’ short seller Citron Research put a buy on BBRY a couple years ago I have kept my eye on the stock, even trading it once in a while. The key point of Citron’s bullish call was that Blackberry should phase out its eroding device business, which has been dragging the company down, and focus on software. This clearly remains a … Continue reading NFTRH+; BBRY
I thought the pattern was sneaky bullish and that is why I held BSX as I sold the others last week. Today it boinks the 50 day moving averages.
As noted earlier in the week, MSCC was bought back at support after being sold just below target. So far, so good although also uninspiring as yet.
In NFTRH 376 it was noted that I would be watching BBRY for a pullback in order to buy it back. That pullback has come about this week as BBRY has dropped right into a logical support area at the top of the bullish (bottoming) pattern we had reviewed in a previous update. A couple of points here… For me personally and as noted previously, … Continue reading NFTRH+; Blackberry (BBRY)
On November 11 we spotlighted BBRY as a trade idea with a target of 9 bucks. Here is the original update. Disclosure: I took a profit on the rise in early November, re-entered per the + update, took another profit and did not re-enter for this latest surge toward target. Here are the updated daily and weekly charts from that update, showing the target ready … Continue reading Alert: Blackberry (BBRY) Approaches NFTRH+ Target
I had been holding BBRY as part of the John Chen fan club and little more. His goal is a turnaround of the hand held device dinosaur into a security software focused company, hopefully with some better device traction as well. When the stock burst upward one day in October I held on. When it dropped hard the very next day I held on. Then … Continue reading NFTRH+; Blackberry (BBRY) Trade Setup Using Daily & Weekly Charts