BlackBerry Looks Weak on Weekly Chart
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.
(.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.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.