agree, shorts are too nervous to add to their positions, and someday they need to cover the losses, so we go higher. I don't see any negative news. I'm sure sales and earnings will easily be in line if not slightly above, which bodes well going in to the holiday season this fall. Investing in this stock seems like one of the best investments of the year. I need another stock like this one, does anyone else have another favorite they would like to share?
The next two catalysts (short of a real buyout offer) will be the EOS and earnings report. For this stock to go up the EOS camera must be a top of the line phone (aluminium frame, high res display and a quad core processor, and EOS camera). Anything less the pundits will put the phone down.
The earnings are somewhat irrelevant (unless there are extremes loss or profit which I am not expecting). What does matter is sales volumes - is the Windows phones finally taking off - does Lumia have supply chain issues?
The reality of these two questions will drive the stock up/down between now and the end of July. I am long and expecting the positive things - my bet if both the EOS phone and volumes good we will see $4.50 to $5.00 - mediocre to bad watch for $3.00.
Of course risks exist - the India tax bill, a rumored MS phone, Next versions of I Phones announced but I don't see those being any type of catalysts in July.