Nope. I do not give up because a stock is falling. If you follow this philosophy you are guaranteed to always buy high and sell low.
I may give up on UBNT if the facts about their business change, but this far I see nothing at all different about their business. They are still the innovative profitable high growth company they were when they were at $50. So I will stick around and let the reality of UBNT's business and finance reassert itself. I do hope the shorts are taking advantage of this to cover. There won't be many other chances.
The CEO Pera owns 60% of the company. He has not sold a single share in about a year. Even though his shares have made him over a billion dollars and I bet every money manager he meets tells him to diversify. The other insiders' holdings are pretty immaterial compared to Pera's.
SPIL continues to rocket higher. March and Q1 revenues were up 30% yoy. Digitimes says that there will be further growth in Q2 as the industry tries to replenish very low inventories.
Nope. Not huge at all. 1.6 days to cover is not much. Of course we have not seen the new numbers yet, so we will see.
Or perhaps people realized that the top was reached for no reason. The shares mostly went up because of the natural motion buyout and news of mass firings. Well by now it turns out that natural motion is a dud and all the firings were made in order to compensate to for the new employees coming in via natural motion. In other words, costs will not decrease by much.
The natural motion purchase was overall a net negative and the stock will soon reflect that.
The problem with this stock is that it is somehow linked with Fire-eye (FEYE). It falls when FEYE falls. There are some similarities: both UBNT and FEYE are in networking and they both have very high growth. But there are more differences. FEYE sells very expensive devices and they have ultimately a limited market, while UBNT sells affordable devices with a market opportunity that is wide open. It seems that FEYE growth is about to slow down, while UBNT growth is just beginning.
But that is the problem with these things. I bet someone in some bank or some fund has both these companies in the same basket and sells of one when the other goes down. Hopefully after this quarter's reports it will become apparent that these companies are on different trajectories (with UBNT going higher, hopefully).
I am not odonnel, I am not antisemitic, neither am i an alcoholic. If you paid attention you will see that i have been posting on here for months. I come here to try to figure out who in their right mind would buy zynga shares. I also post occasionally to counter act the bigger lies or fantasies that get mentioned on this board.
Unfortunately, I am cannot do much regarding the latter as I am a busy man. As a result there are a lot of lies here that fly unopposed.
ROFL, I guarantee you Zuck was in no way affected by Zynga's purchase of a shrinking minor mobile game company.
Wow you guys are really grasping for straws aren't you. The ip licensed to those companies is relatively minor. If it was in any way significant, Zynga would have broken it out in a separate item in their reports.
I said on here that shorts should cover before the Q1 results come out, because regardless of the bad analyst coverage, the fear mongering and the horrible investor relations, this is a very successful very high growth company.
So shorts -- this looks like a big jump, but it may be just the beginning. Consider this merely a warning. Because the big news is yet to come. We are yet to hear about the profits (the press release did suggest they would be record) but most importantly we have yet to hear about the guidance for next quarter. Remember Q1 is the slowest quarter for AFOP. Last year there was a 50% jump in revenues from Q1 to Q2!
So you have until April 24th to cover. This is your final chance.
The acting CFO sold shares according to predefined plan. This company still has very large inside ownership, as the CEO has a massive 2 million shares in the company. When the CEO has over 30 million dollars in the company the CFO selling 70k worth of shares does not mean very much.
I think the fundamentals of the industry are improving. The memory industry is looking very healthy this year. New cars models are coming up with a lot of electronics, which means there is more memory required. Industrial electronics are looking good as well.
Furthermore, the newest hot area in the industry is "the internet of things." Or in other words a bunch of small network connected wireless devices that are all over the place. ISSI is in a unique position to take advantage of this trend with their portfolio of elements resistant memories.
You have been talking about how you love picking up cheap shares and how you are backing up various trucks since the shares were in the mid 5s. You must have a lot of spare money to invest. Or, more likely, you are lying.
Either way, you should wait till the shares get below $3. Then you will really love it.
I see PPS lower than it is now. I do not pretend to know actual numbers, nobody can accurately predict those. And people that pretend they can predict them are simply lying.
Regarding quarterly earnings, revenues will keep falling and bookings will go up slightly. Bookings will only go up because of the natural motion acquisition. But guidance will not be good, because natural motion games are doing very badly out there. Shareholders will recognize that 500 million is a lot to pay for a one or two quarter bump in bookings and will sell zynga.
Zynga may try buying another company. But they will not get the same mindless buying they got before. Even Zynga shareholders can learn after being badly burned twice in a row.
I wonder who is selling now to get a falling price on such a good day for tech stocks. Maybe it is SAC capital.
I never bashed QCOR or GMCR. Those are companies with earnings. And revenue growth. Completely different story from Zynga. Please do not try to tie the Zynga sinking ship to those boats.