Am i ath only one suspecting DSPG of instigating tthe false rumor on 1/31 which coincided with the their earnings report Todsay we suddenly filled the gap while DSPG rises Also suspicious that all messages before 2/14 are gone from DSPG board. Where is the SEC? Who controls Yahoo message board deleteions? See this on so many stocks. Long ADNC watching DSPG
With or without news, this stock was going to correct. Basically, this is the first technical pullback since the recovery. Every stock trades no matter the quality or value. And we are at @ 2 X book value for a stock that had a pretty tumultuous (investor ruining) beginning.
The question is, what happens during pull backs? Ideally, you want the stock to consolidate back to patient hands (lower volumes) so that with this small float, the next advance moves up in bigger chunks.
I believe that is what is taking place. Break 12.50 on the down side though, and volume WILL pick up and it "could" get ugly. They really, REALLY need to show that they can move beyond phones before a higher value is bestowed because no single technology segment lasts forever no matter WHAT the earnings.
The market is waiting on it and so are other companies cause nobody wants to be the first. Absent that, it trades like any other (healing) stock in a declining (technical) phase.
I just checked DSP's earnings. They had a net loss! haha. I mean really traders? These guys are poseurs. Nothing to see here. ADNC is the leader of the tech space and everyone else is going to try to hitch their wagon to ADNC's horse.