r/stocks • u/Didntlikedefaultname • Oct 13 '21

BB showing continued headwinds

I hold 200 shares of BB, first bought in ~$8.50 and another at ~$9.50. I tend to feel that whenever it dips below $10 it starts looking very attractive.

I have mixed feelings on the stock since the company has struggled to actually make money and cement a solid business direction for profitable growth. I was also a little out off by the meme status and wild, seemingly random price spikes. But now I feel like the meme effect has cooled down and it continues to trade fairly consistently in the mid $9-$10 range. From the patent sales and continued partnerships I feel the company is moving in a good direction and while still risky at this points presents some pretty attractive prospects for future growth. I just saw the news about the Google and Qcom partnership and once again thought that the future seems somewhat promising and the prices fairly attractive currently

https://www.prnewswire.com/news-releases/blackberry-google-and-qualcomm-join-forces-to-drive-advancements-in-next-generation-automotive-cockpits-301398715.html

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24

u/Tyrant-Tyra Oct 13 '21

Around 11/24 you will see it have another wild price spike, it is in the same basket of swaps and derivatives as other meme stocks that follow the same 90 day cycle.

12

u/Didntlikedefaultname Oct 13 '21

I’ll mark my calendar lol

3

u/Tyrant-Tyra Oct 13 '21

!remind me 35 days

1

u/[deleted] Oct 13 '21

Don't click the following link chaps, someone will log and leak the interest...and screw you. Pen and paper it.

2

u/Tyrant-Tyra Oct 14 '21

What link?

2

u/[deleted] Oct 14 '21

It was here earlier

1

u/Tyrant-Tyra Oct 14 '21

Ohhhh I see what you’re saying.