A few days ago, I added Blackberry to my very, very long list of short positions. I don’t know if I’ve ever traded this once-famous stock in my entire life, but the pattern was compelling.
What’s different about this trade is that I typically prefer to short stocks which 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 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…….
