December 11, 2024
Hi Peter Anthony Hovis
BlackBerry (BB) jumped 13% yesterday, breaking a nearly four-year downtrend.
But there’s a problem.
There’s no fundamental reason behind the move.
All signs suggest this is another meme stock rally.
Feel free to join the fun and maybe cash up a bit if you’re keeping a close eye. That’s part of the excitement.
But don’t forget that all meme stock rallies fade.
This one might have a bit more momentum left, but probably not for long.
