TL;DR

BlackBerry has pivoted to cybersecurity and IoT, showing some growth. However, betting big on a single company, especially one with a volatile history, is incredibly risky. Don’t fall for hype; diversify your investments.

Story

“The BlackBerry Transformation Is Complete. Why aren’t you dumping your life savings into BB?” This is the kind of hype that makes a skeptical financial writer like me twitch. Remember the dot-com bubble? Or the housing crash? Blind faith rarely ends well in the market. Let’s unpack this. BlackBerry used to make phones. Now, they’re in cybersecurity and the Internet of Things (IoT). Think smart devices and secure networks. While their IoT division has seen some growth and analysts have raised their price targets, it’s crucial to look beyond the surface. A rising tide lifts all boats, and the cybersecurity/IoT sector has been hot. Is BlackBerry’s growth genuine, or are they just riding the wave? Also, analyst price targets can be fickle. They’re just educated guesses, not guarantees. Some Reddit users claim big gains, even comparing BlackBerry to $VTI (a popular index fund). Others express caution, suggesting this is just another pump-and-dump scheme. Remember, online forums are echo chambers. There’s lots of noise, often driven by emotions, not logic. People bragging about gains may be trying to lure you in. Don’t fall for it. Sure, BlackBerry might see more growth. But betting your life savings on a single company, especially one with a volatile past like BlackBerry, is incredibly risky. It’s like putting all your eggs in one very wobbly basket. Diversification is key. Don’t get swept up in the hype. Remember the old saying: “If it sounds too good to be true, it probably is.”

Advice

Don’t let FOMO (Fear Of Missing Out) drive your investment decisions. Thorough research, diversification, and a healthy dose of skepticism are your best allies in the market.

Source

https://www.reddit.com/r/wallstreetbets/comments/1hz1sm2/the_blackberry_transformation_is_complete/