hungry_hippo
Long

BB Inverted H&S

NYSE:BB   BLACKBERRY LTD
226 views
4
226 0
In this pumptarded market, very few stocks can justify their ridiculous P/E ratio . Bought into this yesterday for earnings , came out better than expected. I'm actually surprise this isn't up 20% already, maybe they should start selling yoga pants.

Earnings were 11 cents for the quarter, assuming growth, forward P/E would be less than 20. I'm holding this until at least $12, only 1k shares.

They don't sell any hardware any more, it's strictly software by license which is high margin.
Comment: Old resistance is new support, doubled up this morning. $12 target still. If this thing closes the gap, I'm adding more. Company is finally making money and gets no love, lol.
Trade closed manually: Closed my position on the morning pop, looks like it's just going to settle in here around $9.6. GM is moving more than this POS.
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