What will be the biggest driver today, OLED's
1) mediocre revenute forecast that is in line with analysts
2) short covering
Forecast isn't stellar, it is just ok. The earnings beat is catching the headlines. But yearly revenue does not justify the current PPS. However, there are a lot of shorts who may be covering.
The forecast was conservative and intended to produce a year-end beat. These guys are smartening up by saying they will stick to the high end of the range.
I completely agree with your statement. Their ship is finally coming in, and the forseeable future looks very bright, especially as the OLED TV start becoming more visible.
And Sid was clear that at the end of Q3 he will revisit this