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I am not sure how guaranteed the gains are...basically there is a common enemy right now in the form of short sellers. Once they're decimated (ie forced to buy

by Edmond 6y ago

I am not sure how guaranteed the gains are...basically there is a common enemy right now in the form of short sellers. Once they're decimated (ie forced to buy shares at higher prices than they anticipated), I suspect a good deal of novice traders are going to still be holding shares at elevated prices. At that point they're basically holding shares worth very little compared to what they likely paid for them. The same hoard trading phenomenon seems to be happening with Blackberry. A number of insiders have already dumped shares, meaning anyone buying those shares isn't buying shares from a short seller, they're buying from people who recognize the price is outrageous compared to business fundamentals. Bottom line, short sellers are definitely going to suffer, but so are a lot of robbinhood kiddies.

52-6F-62 6y ago
As I understood it, BlackBerry is a different case from GameStop—albeit some redditors are trying to make it do the same thing because it's cheaper. I've been holding that one for years for a reason.
- Edmond 6y ago
  If you're long Blackberry, depending on how much you paid for the shares you might come out on top in the years ahead. I happen to be cautiously optimistic about the company, but that is over a longer time-frame. The stock has more than doubled in a couple of weeks and seems to open consistently higher over the past few days. I don't think that is related to any real immediate business prospects. The Facebook settlement, Amazon deal and Huawei patent sales are all good news but hardly warranting the current frenzy.
  - 52-6F-62 6y ago
    No doubt. I definitely have faith that the company itself is smarter than the current euphoria so I guess I just hope it does nothing to tarnish them because they've made major strides and frankly I'd just like to see a Canadian tech company do some good. Thankfully, yes, I got in cheap.
kangnkodos 6y ago
Compounding this is Robinhood's execution. Back in March 2020, the whole market plunged, and some Robinhood traders were unable to complete their trades in a timely manner. Will Robinhood's systems and procedures work flawlessly on Friday? My guess is no. We'll find out.

by Edmond 6y ago

52-6F-62 6y ago

As I understood it, BlackBerry is a different case from GameStop—albeit some redditors are trying to make it do the same thing because it's cheaper. I've been holding that one for years for a reason.

Edmond 6y ago
If you're long Blackberry, depending on how much you paid for the shares you might come out on top in the years ahead. I happen to be cautiously optimistic about the company, but that is over a longer time-frame. The stock has more than doubled in a couple of weeks and seems to open consistently higher over the past few days. I don't think that is related to any real immediate business prospects. The Facebook settlement, Amazon deal and Huawei patent sales are all good news but hardly warranting the current frenzy.
- 52-6F-62 6y ago
  No doubt. I definitely have faith that the company itself is smarter than the current euphoria so I guess I just hope it does nothing to tarnish them because they've made major strides and frankly I'd just like to see a Canadian tech company do some good. Thankfully, yes, I got in cheap.

kangnkodos 6y ago

Compounding this is Robinhood's execution. Back in March 2020, the whole market plunged, and some Robinhood traders were unable to complete their trades in a timely manner. Will Robinhood's systems and procedures work flawlessly on Friday? My guess is no. We'll find out.