$Blackberry(BB.US) has dropped more than 10% in this wave, which is actually a take profits after it just hit a new one-year high earlier. The old loser from the mobile phone era is telling a new growth story with its QNX in-vehicle system and cybersecurity, and the stock price had surged quite a bit recently. A pullback was needed after such a rapid rise.
It's still positive over the past five days, and the trend isn't broken. This pullback looks more like cashing in short-term paper gains. What really matters is whether QNX's licensing revenue next quarter can support this valuation. If it can't, those holding at high levels will continue to sell.
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