With $AAPL restoring back to its darling status, who needs $BBRY?
I saw weakness in the $BBRY all morning and failed one short attempt; but when $BBRY breached the $16 level, that had to be the tell. So I shorted $BBRY again.
Look at the 3m $BBRY chart below. Did you see the waterfall price action? I love waterfall price action when I’m trying to short; and I loathe waterfall price action when I’m long.
Take a look at that beautiful waterfall from the courtesy of $BBRY:
I guess rumor of $AAPL launching new iPhones in the summer isn’t helping the Blackberry trees…
My 2 cents.