In the early srages of thids break out I postulated that we will see a violent capitulation out of MSFT/NOK, GOOG and AAPL into BB. I suggested that it would not be out of the realm to have a 5 to ten dollar move in a period of perhaps as little as two days. This is happening but we are in 2nd inning and I provide the following point of evidence.
As BB was selling off last week from high of 18.40 to a low of 12.15 , a full 50 % retracement, AAPL only picked up a paltry 3 % gain at the most .....and its not holding. Today we saw how just a 2 % drop for both AAPL and GOOG translated into a 15 % gain for BB. Apple is already capitulating, GOOG isn't , it just hit 2 fly balls in the first inning of capitulation. As we see more evidence from channel checks that up to 30 to 50 % of BB10 buyers are deserters from IOS or ANDROID devices we will see a huge capitulation for both stocks accelerating and BB flying to perhaps as much as 60 dollars by June. No analyst isanywhere near that bullish but the evidence from the launch are pointing to thats where BB is heading. Most analysts figured BB10 was DOA and BB would be lucky to hang onto its 80 million users. I see that number increasing to perhaps 220 million in a year's time. This is what the trend is showing as the end game based on results so far.