Trade Alert: Second tranche of this new name
Well, yesterday when I decided to buy some of our next potential Revolutionary name — an old anti-Revolutionary name of all things — Blackberry, I was almost hoping the stock would go down after the earnings report so we could get a second and/or third tranche at lower prices. Indeed, as it’s turned out, I should have just waited to buy any $BBRY. Ugly quarter…revenue growth is far away it seems…. I’d mentioned in that Trade Alert I sent out yesterday that if Blackberry doesn’t get their revenue actually growing in the next year or two, the stock will head lower. That’s what the market is concerned about today, as the company’s revenue drop was even lower than expected. Of course, we’re not buying this stock because we think the past 90 days of business was going to be great…we’re looking out two or three years at the potential for it to be a serious autonomous car, IOT, Android-security play. I’m going to go ahead and nibble a second tranche this morning here, with the stock around $9.80 or so. I’ll give it some room before my third tranche.
