So what - 14 days straight down. Are you expecting instant gratification in the investing?
All technicals indicators show it as bottom or almost bottom. The chart is skimming over lower BB,
RSI and stochastics are in single digits. It should trigger some computer traders.
The support level below is around 32.3 - so it may drop another dollar
I consider PANL as volatile stock bouncing between 32 and 45 - somewhere around 32 Mr Citrone triggers buy of another chunk, somewhere above 45 directors start selling. I try to build my strategy around this, although I'm usually hesitant to play downside - you never know when this stock would take off to next level.
If you've been following their earnings report, we all know Samsung's $10M royalty won't be included in Q3. Unless they did some other deals that they have not announced (which I doubt) the earnings won't be above analysts' avg estimate.
I don't think its the only stock that has been hit hard for "no reason" over the last 2 weeks. "Risk Off" overall may have as much to do with it then specific panl news...which frankly I thought was pretty good. FY2013 is THE QUESTION and guidance might be given in Nov which may steer a lot of adjustments...analysts are 134-233M in revenues UDC may narrow that range considerably. Translation: analysts are all over the map on 2013 revenues.