Closing out BBRY long.. going short

A relatively quick turnaround on the initial BBRY algorithmic buy signal:  The algorithm generated a long signal 2 days ago and suddenly went short this morning at the open as we notified our mailing list members immediately.  The average price for reversing the position was $10.16 for a loss on that last trade of $35.00 (0.39%), as per our tracking sheet below.  The algo is now short at $10.16.

It appears there is a fight between bears and bulls for the $10.00 handle, so some chop can be expected and the Market will decide where BBRY price goes from here.  Our algorithm works on probabilities, and right now it’s saying that based on past trading patterns, BBRY will weaken..  We’ve learned to listen to it over the years, but because this is a short call on a beaten down stock we are lowering our risk level on the trade which reduces the number of shares and thus the amount of capital that is exposed.

If you’d like to be notified of the next BBRY signal just send an email to our listbot at bbry_list@intellikon.com


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