Wednesday, January 14, 2015

BlackBerry Shares Crash Back To Earth After Company Denies Samsung Rumor

From Zero Hedge:

In October, BBRY shares spiked (and dumped) on rumors that Lenovo had made an offer. Today, after a detailed report from Reuters explained that Samsung executives had offered to takeover the troubled phone-maker (or whatever they call themselves nowadays) and the stocks spiked up nearly 40% - perfectly running stopw through the mid-Nov highs and squeezing shorts out of the market... and now - after hours - BlackBerry issues a statement denying the whole thing... rigged much?

http://www.zerohedge.com/news/2015-01-14/blackberry-shares-crash-back-earth-after-company-denies-samsung-rumor

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