22 hours ago Sleek Money thought it was relevant that Susquehanna lowered their outlook to neutral. Now...Mideast Times thinks its important enough to reiterate. LOL. These guys are adorable.
This is definitely an accumulation pattern right now, in my opinion. The Bollinger bands are extremely tight right now, and there are fake quotes on the ask on Level II. I know I'm accumulating.
This stock has climbed much, much higher on less good news. It is being held down so that positions can be accumulated.
Today's action admittedly isn't all that encouraging for longs, but we are on track for a higher low and a higher high than yesterday, which is the first thing we want to see.
A private firm that trades aggressively and takes large positions. Your comment and the large short positions does set off the alarms when it comes to the IRBT trading that has occurred since the day after earning. Problem for shorts might be that longs feel that they have a very good chance to profit on the long side and won't be shaken this easily. Shorts could be squirming while wanting to cover and join the long side. Nobody knows for certain other than the people involved with the big trades but it does have a bit of an odor that alerts the senses.
I hear or read about Ebola on the news every day now. When my brother went in for a knee surgery the doctors asked him in the pre-op holding area if he had ever been in those high risk countries in Africa.
This morning, some boutique analyst firm named Susquehanna changed their rating on IRBT from positive to neutral. I can only guess that they had clients who were short the stock, and they need to try to cover lower. IRBT's report was very impressive, and they raised guidance, which caught the street by surprise. Any weakness today, I'm adding to the position I started yesterday.
By the way, Cramer said last night he thinks IRBT is very inexpensive. The market will probably be up today, and IRBT may even be green by the end of the day. I think we'll be in the $36-$37 range by Friday or Monday. If you believe in the story, there's no reason to sell.
Since Ebola I bet every large city hospital is taking a look at the RP-VITA Doctor Robots to minimize any chance for transmission of the virus.
If I were a doc I would IRobot!! when treating Ebola, aids, hepatitis.. etc., etc
Here is a quote from following article: http://www.sleepreviewmag.com/2014/08/rp-vita-robot-brings-doctor/
"Since its unveiling in 2012, over 1,000 RP-VITA machines are now at use in medical offices and hospitals around the country."
If IROBOT can confirm this number, this will be really a excellent surprising news.
Sentiment: Strong Buy
to minimize human contact and the spread of this deadly virus!
The Remote Presence Virtual + Independent Telemedicine Assistant, or RP-VITA for short, is the first autonomous navigation remote presence robot to receive FDA clearance for use in hospitals.
The robot is designed to allow medical specialists to communicate remotely with patients and would be especially useful with Ebola patients.
The IRobot RP-VITA can move safely, protect humans from disease contact and then after decontamination, move independently through the fast-paced, chaotic and demanding hospital environment. This is a VERY significant technological breakthrough to limit disease vectors.
Ebola should be the catalyst to mass adaption of the IRobot RP-VITA and will propel sales of it much earlier than anticipated. IMHO!!
Sentiment: Strong Buy
Close the gap back to 30 is where it's headed. All the buyers in last two trading days are puking all their dumb bunny stock buys up and all the smart money that covered before earnings re shorting. The hedgers have all the stock to short locked up since Wendsday. Retail was allowed to go short for 3 days prior to earnings and got burned big time.
It's an obvious point, but lot of people bought at higher prices, and some of them are taking the opportunity to get out with a small loss. Once the weak hands unload we'll go higher, and probably quickly. Today might be the bottom, but who knows.