Blackberry (Nasdaq:BBRY) is probably going private. Not long ago the stock was north of $60. Today it flits around $10. Blackberry became the whipping boy that everyone loved to short. You know the hedge fund guys with the long short positions. The question becomes who to pick on now for a short.
While some investors are glad this one is going off the radar a lot of traders big and small loved using the stock as the short. It will be hard to replace the sentiment that was so strongly against Blackberry and probably justified the possible buy-out.
George Gutowski writes from a caveat emptor perspective. follow him on Twitter @financialskepti