BlackBerry (BB.TO)

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.

He doesn’t ever recommend averaging down. If you have a full position, don’t buy more. If you only have a part position, then this is an opportunity to add more. If it drops below $10, get out because it’s going to $6.

We haven’t seen how effective they are going to be in actually achieving the results that the stock was expected to achieve. Stock has run up, probably because they have actually introduced the product. Was impressed with their new BB 10 but not sure it is enough to impress people who own other products to move. Has some really great features.

Stock is down 17% since BB10 was announced. A lot of people had high expectations for the device and clearly some people were disappointed that the US launch was delayed to March or April depending on the device. Appears to be a very good product but is it enough for existing users to upgrade or for iPhone users to switch? Analysts are still forecasting that the company is going to lose money.

Doesn’t think the difference between getting the phones out in February or March in the US is that big of an impact. Rolling it out in other global markets relatively quickly. Big question is, does it get the traction. You’ll have a refresh cycle and the first couple of quarters are going to look good no matter what. The BB10 business model is not as profitable because it is on the carriers rather than Blackberry’s own network so they lose all those fees. They have a lot of positives going for them. Too early to write this off.

Very Volatile. Today was a lot of sell on news. Looks like BB10 has a lot of the right features. Negatives were that you had all this and a super bowl commercial but you can’t buy a commercial there until March. It is just a huge gamble at this point.