Sold my long position.Shorts are all over INVN and it is priced for perfection and I would
say it is ripe for a big fall. We know from the IFIXIT tear down that STM won the gyros and accelerometer on the Blackberry Z10 device and it looks like INVN lost the Samsung business as I have not seen INVNs stuff listed on any S4 Galaxy tear downs. Earnings are going to be a disaster imo. INVN has good tech for the future this will just be a rocky period. I plan to buy back in in the $6-$8 dollar range once it finishes blowing up. Nothing good here for awhile if ever.
How is a stock that dropped over thirty percent in the last month alone priced for perfection? Are you sure it wasn't priced for perfection when it was around 15 per share, and now is a bargain sitting around 10.50? You speak of a big fall like one didn't already occur. IMO you prob waited too long to sell, as its nearing a bottom, but oh well I'm sure however got your shares is happy
it is called "second Sourcing". It allows designers to cover their risk and enable then to better negotiate pricing. I won't relly on tear-downs for picking stocks, that will just ensure that you allways late on the action......on the positive side, you have lowered your risk, but goos luck making money......Thansk for shorting it, I'll keep buying at this price.
Why do would I do that when I can just take your word for it. I mean thats why you post here right??? So people dont have to bother looking things up and realizing manufacturers have multiple suppliers of components.
I realize one teardown from Chipworks done on 2/6/13 said INVN was in the Blackberry z10 HOWEVER the IFIXIT teardown on their website by the same name from 2/26 says: ST Microelectronics LIS3DH 3-axis MEMS Accelerometer
STMicroelectronics LSM330DLC 3D Accelerometer & 3D Gyroscope