I think this earnings report is critical. They just bought NSN and have so many new phones that just came out in the past month that their revenue and earnings forcast for Q3 is going to be awesome. I think they will match or beat the -.03. I'm thinking more like -.01 to +0.1, but i think the forcast for Q3 is actually most important. Well, that and their cash burn rate, but as long as the cash burn is to produce the phones that people are buying then we should be good. I have 20,000 shares and 60 call contracts. Hopeing to make about $10K, but if not, i will hold till Q4.
Stock will open between 4.10-4.30. Most everything is baked into the price. We did not see a rally into the close. Believe me, their earnings are known through bribes. Not much movement to support your thesis.