BB: BlackBerry (fka RIMM: Research in Motion) Message Board

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Technology Stocks : BB: BlackBerry (fka RIMM: Research in Motion)

BB 3.770

-12.9%

Dec 19 9:30 AM EST

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From: kidl	2/3/2021 9:41:19 AM
	1 Recommendation Recommended By Sr K Read Replies (1) of 1832

Globe tries to answer why BlackBerry's surge died Wednesday February 3 2021 - In the News The Globe and Mail reports in its Wednesday edition that with the frenzy abruptly ending -- with huge declines Tuesday in the share prices of Redditors' favourite stocks such as GameStop (down 60 per cent), AMC (41.2 per cent) and BlackBerry (21.1 per cent) -- it is clear the whole flare-up never lived up to its original billing. The Globe's Ian McGugan writes that silver, which hit an eight-year high on Monday, it fell 8.5 per cent. Instead of being an epic showdown of the little guy versus Goliath, it now seems more like the usual Wall Street wrestling match in which rival groups of money-hungry traders scramble to make a buck by promoting their own propaganda. The posters on Reddit's WallStreetBets forum have a simple message they keep repeating. Their message is that small investors are rising up against the fat cats of the investment industry. Whatever hedge funds' sins may be, these investing vehicles did not cause the financial crisis in 2008, as many Redditors suggest. Hedge funds were not the folks who peddled wonky mortgages or built towering piles of debt that collapsed when the housing market turned sour. Hedge funds' only real sin in recent years has been charging big fees for mediocre performance. © 2021 Canjex Publishing Ltd.

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