20130507 PM

Dow 15,056.20 +87.31 Nasdaq 3,396.63 +3.66 SP500 1,625.96 +8.46 10-YrBond 1.7830% +0.0120 GLD 140.38 -1.77 SLV 23.10 -0.08 PTM 16.74 -0.27 XLE 80.63 0.62 XLF 19.15 0.10 VXX 18.19 -0.19 BBRY 14.82 -0.75 (4.81%). Mixed reports on the two new phone models. It appears this is analyst speculation and it will be proved up at the next earnings report. Dropped below a mental buy at 15, so may buy more after doing some study. Volume down today was not exceptional, and lower than the three month average. The QWERTY phone is actually called Q10:

Canaccord Genuity, surveyed industry contacts and noted weakening sales of the Z10 over the past month. Demand for the G10 appears more solid, he said, adding that supply of the phone has been limited and it's too soon to gauge long-term demand. Walkley slashed his phone sales estimates for the quarter by 500,000 units, to 2.8 million, which appears to be at the low end of Wall Street forecasts.

Says Q10 sales are weak:

Pacific Crest analyst James Faucette, who has a underperform rating on the company's stock, said he believes initial shipment and sales volumes for the BlackBerry Q10 - a device that comes with a physical keyboard - have not been strong.

Shorts should be careful, as there is a high short percentage:

Blackberry currently has an outstanding short position that amounts to 31% of its shares outstanding.