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Short A Has-Been

Published 06/30/2015, 12:15 PM
Updated 07/09/2023, 06:31 AM

A few days ago, I added BlackBerry (NASDAQ:BBRY) to my very, very long list of short positions. I don’t know if I’ve ever traded this once-famous stock, but the pattern was compelling.

Blackberry_1

What’s different about this trade is that I typically prefer to short stocks that are insanely high. Those that have already been beaten to smithereens have a lot less potential to be, ummm, beaten to smithereens. All the same, in spite of Blackberry’s humiliating fall from grace, this one seems like a company whose stock price is fairly valued at a whole integer that rhymes with “hero”, so I’m going to give this a shot. So far, so good.

Blackberry_2

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