This is my first published chart and feedback is welcome.
Blackberry $BB is a Canadian company that has transitioned in the last few years under John Chen to become an Internet of Things, Automotive, and Security company and away from a phone company. Blackberry does retain patents and the name of the phone. The stock had a milestone of new highs in 2021 under Chen's leadership. There was also a bubble break erasing over half of its all time high. It is speculation to say why this definitively happened. It was coordinated oddly with speculators particularly in the WallStreet Bets Community that generated a great deal of purchases on Robinhood in particular in the so called memestock. These investors/speculators seemed driven in part by nostalgia began investing in companies from the 90s which Blackberry was iconic. As indicated on the chart a bull run that began in November of 2020 by far blew past long term short positions and costing untold millions to hedge funds and speculators that had to cover their short positions in Blackberry which appears to have negatively kept Blackberry stock prices artificially deflated for years. Regardless of the recent bubble burst there is a valid question has Blackberry under Chen become the next sleeping giant in the IT and automotive sector. A sector that will continuously grow as leaders in the USA, Europe, and China pressure auto makers to move towards clean energy vehicles. Those that like strong company leadership might rightly conclude that Chen has turned Blackberry into a leader in the emerging smart car and smart device market while retaining the iconic name and securing partnerships with companies like Amazon in the USA and Baidu in China.
Many bearish analysis appear to have deemed Blackberry a defunct phone company and are either unaware or purposefully ignoring the transition under Chen. Blackberry along with new partners like Amazon and Baidu are creating new partnerships to create autonomous and secured vehicles based off of Blackberry's patented QNX operating system and other patents. Possible investors, day traders, and speculators may be attracted to possible bullish runs to return to January's all time highs and beyond given Blackberry's transition to a new company. This is not financial advice and you should do your own due diligence and never invest more than you can afford to reasonably lose.
It appears that Blackberry after a period of consolidation is attempting another bull run. Levels of interest and commentary is on the chart.
Thank you for your time and hope this helps you consider Blackberry.
Blackberry $BB is a Canadian company that has transitioned in the last few years under John Chen to become an Internet of Things, Automotive, and Security company and away from a phone company. Blackberry does retain patents and the name of the phone. The stock had a milestone of new highs in 2021 under Chen's leadership. There was also a bubble break erasing over half of its all time high. It is speculation to say why this definitively happened. It was coordinated oddly with speculators particularly in the WallStreet Bets Community that generated a great deal of purchases on Robinhood in particular in the so called memestock. These investors/speculators seemed driven in part by nostalgia began investing in companies from the 90s which Blackberry was iconic. As indicated on the chart a bull run that began in November of 2020 by far blew past long term short positions and costing untold millions to hedge funds and speculators that had to cover their short positions in Blackberry which appears to have negatively kept Blackberry stock prices artificially deflated for years. Regardless of the recent bubble burst there is a valid question has Blackberry under Chen become the next sleeping giant in the IT and automotive sector. A sector that will continuously grow as leaders in the USA, Europe, and China pressure auto makers to move towards clean energy vehicles. Those that like strong company leadership might rightly conclude that Chen has turned Blackberry into a leader in the emerging smart car and smart device market while retaining the iconic name and securing partnerships with companies like Amazon in the USA and Baidu in China.
Many bearish analysis appear to have deemed Blackberry a defunct phone company and are either unaware or purposefully ignoring the transition under Chen. Blackberry along with new partners like Amazon and Baidu are creating new partnerships to create autonomous and secured vehicles based off of Blackberry's patented QNX operating system and other patents. Possible investors, day traders, and speculators may be attracted to possible bullish runs to return to January's all time highs and beyond given Blackberry's transition to a new company. This is not financial advice and you should do your own due diligence and never invest more than you can afford to reasonably lose.
It appears that Blackberry after a period of consolidation is attempting another bull run. Levels of interest and commentary is on the chart.
Thank you for your time and hope this helps you consider Blackberry.