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Blackberry / BB - 'Tis No Bubbling Volcano, But 'Tis a Geyser.I'm not a big fan of the meme stocks and I'm not a big fan of speculating. However, I was scrolling through the charts and I noticed that Blackberry BB had a unique tell in its monthly chart, which I will show inline since I have to make the post on the weekly candles, otherwise it won't display: Simply put, BB has never broken its pre-meme pump and dump lows from the times it was front ran by the Marxist-Leninist PR brigade on Reddit/WallStreetBets. It also has three months of relatively equal, subdued prices, before experiencing a small breakout this month. And this pattern is something of a fractal to what we find in the weekly candles of our good friend BBBY Bed Bath and Beyond, but only on the weekly chart. Note it also never broke its weekly lows: What's really notable is that Citadel Securities, which is more or less the dark pool market maker that keeps Robinhood, where retail lost $5 billion "Apeing" calls on memestocks during the biggest bull run in stock market history , in business, bought 1.966 million shares of BB, reported in June 30 disclosures. Citadel also bought 2.265 million shares in BBBY, which was also reported in June 30 disclosures. I said in my recent BBBY call that the fact that Citadel hasn't unloaded their BBBY bags (yet) is the real thing to watch, while Ryan Cohen's exit was a mere red herring. All of that is just circumstantial stuff, but Blackberry did break out of its three month consolidation, took out a new high early in the month, and has made a healthy retrace without any particular bearishness: The July --> August run was like 35%, which is pretty good in anything. As of now, there's exactly zero chatter on Reddit about BB pumping, except for this one thread titled "BlackBerry is the next play by the apes" from last week, which was downvoted to oblivion and filled with mocking comments such as "Hahaha… how heavy are your bags???" and "People have been saying this since gamestop lol." I've said repeatedly that social marketing, not social media, venue Reddit will not begin to promote a stock until it has already pumped and you're already paying way too much for options. You aren't looking at organic posts by fellow college kids, but instead you're looking at a hybrid botnet/public relations firm pretending to be normal people for the purposes of having you inculcate yourself with atheism, leftist Party narratives, pornography, and to come and lose your inheritance to the market makers paying them. So a lack of social hype, in combination with price action, in combination with Citadel taking a significant position, gives good pause to consider if BB is set for another fat pump and dump style weekly wick that will burn the hands of suckers who buy the tops. Personally, I think it is, and the target is around $15. I expect it to be the usual lackadaisical long candle with marginal hype and a quick cooling off period that accompanies some other things going moon and then collapsing all at the same time. So, when you see BB go up, don't chase it. Your "fear of missing out" will turn into an expensive spot on your Roth IRA's shelf. And my usual reminder: Reddit is partially owned by Tencent, an arm of the Chinese Communist Party. Reddit wasn't your friend before Tencent took a stake, but they're even less anything but a filthy Marxist maelstrom to fall into now that the Evil Party has its hand around several of its ribs.
NYSE:BB
by LordWrymouth
3
Fruit shoot? BlackBerry Short Term We look to Buy at 6.18 (stop at 5.57) Previous resistance, now becomes support at 6.20. Price action looks to be forming a bottom. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to set longs at our bespoke support levels at 6.20, resulting in improved risk/reward. Our profit targets will be 7.95 and 8.49 Resistance: 7.96 / 8.50 / 12.00 Support: 6.20 / 5.25 / 5.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:BBLong
by Saxo
Blackberry RebornBlackberry has very nice upside potential but considering the timing of the historical swings, waiting 5-6 years for a 30X move is not something I'm personally interested in. The Digital Surf Community has outlined numerous other stocks/cryptos with high trajectory that are likely due for completion at a much earlier timeframe. Blackberry is a bit of nostalgic company for me however and I am very much rooting for their future success. I bought a Blackberry Sidekick with my first military check, well over a decade ago. Its a bit refreshing to see how they've rebranded themselves and made a transition from cellular services to now working in the Cybersecurity spectrum (which is now a professional field for me as well). I am not entirely sure what news is to come for BB but over the next few years but it shall be the beneficial/good kind. If you have 4-6 years to wait on such a 30X move, now is the best time to enter your positions. Personally, I don't have that much patience and honestly, the anticipated 30X move pales in comparison to some of the other items we're currently monitoring at Digital Surf Trading Community. If you're a Blackberry fanatic, die hard investor, this is for you. Share, comment and like this post if you find it helpful at all. Surf well and don't drown.
NYSE:BBLong
by DigitalSurfTrading