Never short a company on bad news if: 1) Average daily volume is close to 100000-150000 range. Also AHs and Pre-Mkt volume is low below 25000 on bad news. 2) Company is located outside USA.
Such a company stock is manipulated by the MM due to low volume. The moment it sees a short position to cover, MM drags the price range higher and higher in 100, 100 stocks available and can cause a heart attack to a day trader due to high investment betting a short position. I had a big loss toady with a lesson learned. I just wanted to share my experience with others, someone can learn from my experience without losing money.
VANCOUVER, May 10 /PRNewswire/ - Sierra Wireless (NASDAQ:SWIR - News) (TSX:SW.to - News) today announced that EDMI has selected the Sierra Wireless AirPrime™ SL6087 embedded wireless module to provide cellular connectivity for EDMI's new plug-and-play modular pod-based system that is integrated into the Mk7B smart single-phase electronic revenue meter.
The Mk7B is targeted to serve the global, low cost and high volume smart residential meter market. It includes an integrated modular pod-based system that allows EDMI to provide a cost-effective wireless point-to-point connection, simplifying maintenance in the field and providing remote management, upgrades, and configuration over the air.
EDMI is using the AirPrime SL6087 module, winner of the GSM Association's award for Best 2G Module in 2010, with a ruggedized Embedded SIM. The combined solution allows a compact design with complete integration of advanced metering infrastructure (AMI) functionality. It also offers an optional Zigbee RF interface to connect a remote display panel. EDMI smart meters with embedded wireless connectivity comply fully with internationally recognized standards, providing a reliable, flexible, and cost-effective solution to allow users to optimize their energy consumption.
In February 2011, Sierra Wireless and EDMI together won the GSMA Global Mobile Award for Best Mobile Innovation for Utilities at the Mobile World Congress in Barcelona. The award recognized EDMI's EWM100 modem for smart metering applications, which uses Sierra Wireless AirPrime™ embedded modules to provide robust cellular communications.
"EDMI promises to deliver utilities and consumers better control over electricity generation, distribution, and energy conservation. We need a strong partner in smart metering communications to achieve these goals," said Graeme Lees, COO, EDMI. "Sierra Wireless has proven reliability with a track record of delivering industrial-grade communication solutions, and we are happy to recognize Sierra Wireless as a long term collaborator in our smart metering project."
"EDMI continues to offer innovative solutions for smart metering, playing an important role in helping customers around the world to use energy more efficiently," said Jin Pak, Vice President, Asia Pacific Sales for Sierra Wireless. "We believe that reliable, robust wireless solutions for smart meters can help meet this goal by providing more efficient management and longevity in the field, and we are very pleased that EDMI has once again selected Sierra Wireless AirPrime modules for its smart metering product line."
EDMI is featuring metering solutions in the EDMI booth no. 10 at Metering Billing/CRM Asia, which runs May 11 and 12 at the Westin Resort in Nusa Dua, Bali.
VANCOUVER, May 9 /PRNewswire-FirstCall/ - Sierra Wireless (NASDAQ:SWIR - News) (TSX:SW.to - News) today announced its participationin the Jefferies Global Technology, Internet, Media, and Telecom Conference 2011, which will be held at The Four Seasons Hotel in New York City. David McLennan, Chief Financial Officer, is scheduled to present on Thursday, May 12, at 9:00 AM Eastern time.
The presentation will be freely accessible as a live webcast at the link below. For those unable to listen live, this link will also provide access to the replay for 90 days following the presentation.
Jefferies is maintaining its Hold rating on shares of Sierra Wireless (NASDAQ: SWIR), but is lowering its price target by $1 to $11 on weak Q1 results and Q2 guidance.
The company missed the Street's and firms expectations for Q1 due to lower than expected component cost reductions and higher warranty costs. EPS for the quarter was a loss of $0.08 while revenue came in at $144 million.
SWIR released its Q2 guidance with an EPS range of ($0.12)-($0.07) and revenue expected to fall between $140-$145 million. As a result the firm lowered its Q2 estimate from ($0.02) to ($0.08). The Streets current Q2 revenue expectation is $157 million. The firm notes that the $13M revenue shortfall versus consensus reflects, $8 million is from the business through Clearwire going to zero as they close their retail stores, $2 million due to Japan component issues, and the rest due to sell-in for AT&T's LTE launch not occurring until Q3.
Jefferies is lowering its FY11 and FY12 EPS estimates from $0.61 and $1.09 to $0.56 and $1.03.
Canaccord Genuity Reiterates a 'Buy' on Sierra Wireless (SWIR); Solid Core M2M Business Growth, Mobile Computing Ramp in H2/11
More News related to SWIR Jefferies Cuts Price Target on Sierra Wireless (SWIR), Weak Q1 Results and Q2 Guidance Canaccord Genuity Reiterates a 'Buy' on Sierra Wireless (SWIR); Solid Core M2M Business Growth, Mobile Computing Ramp in H2/11
Canaccord Genuity reiterates a 'Buy' on Sierra Wireless (NASDAQ: SWIR), PT lowered from $16 to $15.
Canaccord analyst says, "Sierra Wireless posted Q1/11 results and provided Q2/11 guidance below our estimates. While a slight delay in the timing of initial mobile computing LTE sales combined with an $8M decline in sales to Clearwire adversely impacted Q2/11 guidance, we anticipate strong H2/11 and 2012 results due to a growing core M2M pipeline and the 4G mobile computing upgrade cycle...We are lowering our 2011 pro forma EPS estimate from $0.68 of $0.24 and our 2012 estimate from $1.18 to $1.06."