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re: BlackBerry transformation - time to buy is now
Posted on 2/2/21 at 10:17 am to TheIndulger
Posted on 2/2/21 at 10:17 am to TheIndulger
quote:
Isn't the Reddit buzz what made this stock rocket in the first place?
It absolutely benefited as it happened to be getting a lot of traction on wsb at the same time gme got started, even though it was being recommended as a long term hold and not as a short squeeze candidate.
On the flip side though, BB was trading higher then it is today whenever GME was still in the 30's. So even though it definitely benefited from the exposure initially, the fact it's been lumped into these same restrictions, although it had zero squeeze potential, has probably hurt it more then it helped unless you were riding it as a short term play. In addition, growth may be inhibited for a while as in the public eye it's been lumped in with the rest of the failed/finished short squeeze's, and may struggle to gain traction for a bit.
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