BlackBerry (BB.TO)

He has stayed away from this. A huge amount of risk in the name right now. Not sure if the new phone is going to be a success. One of the big risks is the service model and how that is changing and what it is going to do to their actual numbers.

It has gotten great reviews. The battle that they face is that you have to compete with two other big players. The unique thing is their great enterprise business. If they can deliver this great product in the US as well they can get people to convert to it.

Stock seems to have bottomed and he feels the worst is over. Have cut their costs and they are not dead. If it looks like the stock has built a base and will likely survive, he expects you are much more likely to see a takeover offer.

Has heard the BB-10 is a really, really good product. Sales have been sharply lower than the company’s estimates. That pushes out the profitability another year. Not a bad idea to average down because it will trade in this range for some time.

Wants them to succeed. Analysts are divided on this because they have no idea. If it is difficult for them, it will be difficult for the rest of us. Wait until you see signs of a turnaround.

Long-term chart showed a gorgeous pattern which ended up being a reverse head and shoulders pattern. Subsequently, the stock took a huge moved to the upside and is now starting to come back and could come back to the top of the trading range. Probably best to wait until we get past this correction in the markets.

(Market Call Minute.) Just a trading stock right now. Impossible to view it as an investment because you just don’t know enough. Volatility is breathtaking.

Thinks you need to look at the stock 3 years from now. Buy it and put it away. (Check his blog on his website as to how he has handled this.) He would just like the volatility to die down.

In the past he felt if it broke out above $8 or $9 it would probably double from there. We are seeing consolidation here. It is to be seen if it can motor on beyond the short-term consolidation. It is currently in a triangle pattern. The trend is up and there is a favorable outlook, but if it breaks the lower line of the triangle then it will go down.

(Market Call Minute) Have some hurtles to get over. They have to prove out the story a little bit.

Blackberry phone has been a great story. Issues really relate to the success of Apple (AAPL-Q). The big question is, can they win on the back of the enterprise market and are their products sufficiently attractive to attract the consumer market. A risky play and there are better opportunities to invest in.

Still quite speculative as we still have to see how the phone launches in the US will do. Consensus estimates, analysts are forecasting negative earnings next year or the year after but there have been some switches and opinions from some of the leading analysts.

(Top Pick Jan 10/12, Up 2.73%) His old one is gonzo now. He walked into Rogers the other day and all they had left was a white one. The good news will continue. The fact that it is not in the US is a little frustrating. The carriers appear to like RIM.

(Market Call Minute) Not clear the new phone is the game changer they need.

Doesn’t know how to analyze it at this time. If the BB 10 is going to be the huge success that the initial sales seem to indicate, it is still an un-analyzable situation. If you own and you have a gain, he would suggest you take profits.