trdollar

BlackBerry Looks Weak on Weekly Chart

NASDAQ:BBRY   BLACKBERRY LTD
Blackberry             reported fair to poor earnings on 6/23.
(.05) per share, but reaffirmed guidance on software.
Revenues improved in software, but lower than expected overall.
Company convinced it still needs to make phones, even though they have no traction there currently.
Software and IoT             force in the near to intermediate term.
Stock hit resistance and dropped like a sack of bricks.
Bollinger band expanding into negative territory.
Target price close to 8.50, 8.00 in the next three weeks.

I'm long BBRY             because it's greatly undervalued on a purely book value basis (cash on hand + patents + software business, etc. = $6B - $8B depending on valuations; current mkt cap $4.7B). While it should improve by about $2.25/share minimum, in the short term, this could drop farther.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out