The hype behind BBRY new phone is over. The phone is out and the most tech reviewers seem to like. However I'm not convince that BBRY will sell a lot of units of the z10. Perhaps i'm jumping ahead of myself, as the phone has yet to come out in the U.S.
During the first week of sales, BBRY claimed that sales figures for the phone were extremely good, event stating that some store were out of units. RBC Capital markets, and other U.K bank made some research and found that most store only carried 10 to 15 units, so of course the would run out of units if the demand is high. I wanted to verify this myself so i visited a couple of Rogers and Telus store located downtown Toronto. The representative said they did carry about 8 units per stores. Hmmm !!!
Technically, the stock reached a high of $18.32 late January, and failed to take it out in early Feb. The stock has found support on it's med-term trend line. With weak volume, I believe this trend line will be broken. I'm entering a short position with no particular target in mine.
During the first week of sales, BBRY claimed that sales figures for the phone were extremely good, event stating that some store were out of units. RBC Capital markets, and other U.K bank made some research and found that most store only carried 10 to 15 units, so of course the would run out of units if the demand is high. I wanted to verify this myself so i visited a couple of Rogers and Telus store located downtown Toronto. The representative said they did carry about 8 units per stores. Hmmm !!!
Technically, the stock reached a high of $18.32 late January, and failed to take it out in early Feb. The stock has found support on it's med-term trend line. With weak volume, I believe this trend line will be broken. I'm entering a short position with no particular target in mine.