Sep 26

BlackBerry buy or sell?

Again BlackBerry is a very depressed stock currently – but I believe its a great opportunity to buy the stock.

If i’m right the worst news is probably over from BlackBerry and as always , stocks bottoms on HORRIBLE news.

We had some very bad news this year for BlackBerry – however I think they will make it.

Chart suggest at least that its a great buy here at 7.75-8$ with a bottom close to here , so people can go long with a stop loss at 7$ for a great risk/reward play.

If i’m right this will LONGER TERM hit 30+ , short term go to 12ish I believe,, so either way should be good pickup down here.

Sentiment is extremely bearish and I believe only 10% believes in company now , probably 90% bearish and say its worthless…

All in all the odds are great for a long setup now and I could be wrong but then you would stop out with a stop loss around the 7$ level to be safe.


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