What more verification is needed that the S4 is going forward as hoped and there's no worry about waiting until 2014? They even confirmed it will be in the form of a final product and that the Nippon Steel worries are BS because they are a partner, not a competitor. Stock is moving up nicely in AH now and will break out into the mid-30s tomorrow once this is all digested and published to the masses.
Sir, the market already knew Nippon was a partner. Even the Motley Fool rag stated that with their article the other day.
This is a very highly speculative stock, with a lot of uncertainty going forward. Institutional money won't buy a stock with a chart like this, and such a low float, so the only thing you can hope for here I think, is short covering, and I just don't think there's enough substance here to warrant that.
The big drop was caused by a report that speculated the Nippon Steel might be taking some of the Samsung business *from* them. UDC clarified that Nippon Steel is a partner, i.e., any sales they have to Samsung make *both* companies money, rather than competing with them and losing it. This, by itself, is *huge* news.
Who do you think the "customer" they were referring to was?! They confirmed that NS is a partner (they benefit from, not compete with them), they said "everyone" is awaiting the S4 announcement and that green would be a final product in 2013. Not sure what other possibility you think there is.