Was wondering as well. In last earnings call Anadigics stated they were in Broadcom wifi reference design. Also even for the S4 Anadigics was only in the Chinese and Korean region phones I believe so this teardown isn't too indicative of much for the company.
as market sees it at this point in time.
ANAD is a risky stock to be invested in, whether long or short.
It would be great to have a crystal ball!
So according to early tear-down reports of S5 (provided by SA/Barclays)....
"Broadcom is supplying the S5's Wi-Fi/Bluetooth combo chip....SWKS total value of the S5's Wi-Fi RF content is lower due to Broadcom's use of internal power amplifiers (possibly a negative for S4 supplier ANAD)".
Key word of course is "possibly" as I have no idea if ANAD was on a reference design with BRCM's WiFi chip. Probably not judging from steep decline in sp.
Interesting though that sell-off kicked into high gear immediately following recent news of ANAD inside Tab Pro. Probably not news (whoever was selling) was looking for.
Anyway, if ANAD is in fact not inside S5 at all, further hemorrhaging in sp likely.
Just somebody getting it off their books before the end of quarter. This might be the low. Certainly haven't seen anything that changes my position. 215K and holding.
So, great news and an already low price goes lower. That is not exactly buying on the rumor and then selling on the news as no profit would have been made. There could be some large holder(s) that just are tired of having their money tied here while the market rises elsewhere or maybe there is a load of pent up sell orders out there (down stops). Maybe moving the price down before an upward shift gives market more liquidity to work with. The Samsung contract could even be construed to implicate future profitability making Anadigics considerably more valuable. This move is fishy to say the least. It looks like a buy form here.
This much bleeding can't be due to shorts alone. This is selling with conviction. Likely a large institutional holder(s) dumping.
Hope you're wrong about this thing heading to 1.50's and below tiger, but you have certainly nailed everything so far, and after painfully watching this week's performance, 1.50 is certainly a possibility unless they find a suitor to put this company out of its misery once and for all. Kudos to you for making some money off this dog.
"Only ones buying are likely shorts covering" I covered a little at 1.71. Will cover a little more in the 1.60s. WIll wait for 1.50s and lower for real covering. But I am a small player at this time, so don't expect much buying power from me. Agree that nothing has really changed. Still not much hope. Has promised a lot for years and never delivered. have to wonder if Bottum still owns all the way down like he did before.
Might go long if we go under 1 again.
Rough week for longs. I hope whoever was gutting this pig this week is done. Another week like this would push it into the 1.40's.
Sadly, I have not sold a single share since I bought this pig. Logi, fundamentally, everything sucks. Other companies in the same sector are near their 52wk highs while anad is quickly approaching it's 52wk low. New low coming soon. Possibly today!
Lost your nerve, Johnny? Nothing's changed fundamentally. Market techs dip; ANAD dips. This is the time a savvy investor dips in. I've replaced those 10K shares I sold at 2.05 in mid-Feb. 215K total.
No buyers for this POS. Only ones buying are likely shorts covering, and they are doing so without even hitting the ask. No need to when all they have to do is sit on the bid. This company has lost all credibility on wall st. Even a dead cat bounces off the pavement following a sharp decline in SP. Dead pigs however are another story as they don't bounce when they hit the mud! Any fluff news will be met with holders wanting to exit and more short sellers. The only news that will prop this pig up is the sale of the company. Time to butcher this pig up and sell some meat before it spoils. But Management & BOD will likely just take the bacon and let rest of this pig rot. May they all rot in hell should they allow this to happen!
Agree! This POS can't even have an up day when market and sector are in rally mode. This stock is either being shorted by a hedge fund or some large holder(s) wants out asap. Same pattern every day lately. Bump up at the open and red by the end of the day.
After Hours Time (ET) After Hours Price After Hours Share Volume
17:11 $ 1.71 Low 4,800
17:11 $ 1.71 Low 200
16:45 $ 1.7598 3,008
16:32 $ 1.76 High 1,521
5K shares shorted ?