Financings are ALWAYS done at an average cost of the last couple weeks averagre daily closes. For NVIV, that number comes out to be $1.50 and it has nothing to do with the "positive developments." There is absolutely nothing wrong with putting more money in the kitty now and in the scheme of things, today will be a blip on your trading screen. Won't surprise me at all to see NVIV close in the green today. Irregardless of what it closes at today, the stock remains a steal at current price levels and we will soon be trading at new 52-week highs!!
You people are totally hopeless! You just don't get it so I won't try to explain why this stock is a steal anywhere under $3
NVIV is in the process of filling the gap that was created last May when it fell from $2 to $1 in two days. With a close of $2.22, the gap will be filled and that should take the stock above the $2.50 level which will be a double top breakout on the point & figure chart. With a close above $2.50, my near-term price objective will be $5.75. If NVIV continues to move up additional squares on the P&F chart after closing above $2.50 without a three square downside reversal (very unlikely), the technical objective continues to ascend. We closed today at 10 month highs on compelling volume. Chart is very bullish. New 52-week highs will be seen very soon.
You got your pullback yesterday when CY traded to $13.39. Doubt very seriously that you'll get another gift like that!!
stocksgirrl said..... "not only will it see $60 again- it will see below $60 again too ;) due alone to being severely overbought- not on a fundamental basis"
How ya feeling now stocksgirrl? After hours trading has SWKS now at $67.43 only $.57 cents shy of its 52-week high - afraid you'll be wrong!!
At the time Apple announced the split, shares were priced at $511...just stating facts, as forward splits most always help to increase the price of a particular issue. Doubt there will be a split in Skyworks now, but there wouldn't be anything wrong with a 2-for-1 stock split right now. Let's get the stock to $100 first and then you guys can start talking about a potential stock split!
You are reading my mind. Just take a look at Apple's chart. The stock had been going nowhere for 5 months. The day Apple announced its split the stock soared 10 points. Over the following 30 days Apple was up another 10 points so the split definitely helped move the share price higher.
When institutions fall in love with a stock, you can throw multiples out the window and institutions definitely have a love affair with SWKS!
SWKS will never see $60 again. Institutions are in love and will continue to push it higher. Story here is the company's long-term growth rate of 30% with last quarter's EPS increasing by 75%. Look for the low- to mid-70's within the next two weeks.
Maybe you're not paying attention to what happens to higher priced stocks that split. Last April prior to Apple's announcement of a 7-for-1 stock split, Apple's stock was priced at a post effective $73. After the split, Apple is up 46 points or 63%!
I don't particularly like Cramer's style but all I can say is I wish I had bought SWKS when I first head him talk about it in the high-$40's. I watched it go up 10 points before I finally jumped in!
Sentiment: Strong Buy
It's taken several days to finally break through resistance but we've finally penetrated the $64 level. Not only do we have another new 52-week high but we also have a double top technical breakout above $64. Look for SWKS to move several points higher in the next 2 to 4 weeks!!
The fat lady hasn't stopped her dance just yet. Today's earnings were nothing to write home about. The $19 level is resistance and in lack of a close above $19, SLW is headed lower. On a close above $19, short positions should be covered.
2nd quarter numbers were $.18 cents vs $.20 cents for an 11% decrease. Not predicting exactly what they will make but it won't be anything close to $.21 cents. Their silver price sales were down 14% in the 2nd quarter versus same quarter last year. For the 2nd quarter, silver price sales averaged $19.83/oz. My guess is sales price for silver in the 3rd quarter will be somewhere in the $17/oz range. Stock takes another leg down tomorrow.
Standpoint Research upgrades from hold to buy. Who is Standpoint Research? Could be wrong but don't think it's a good idea to be long SLW going into next week's earnings report.
You are 100% correct in saying that technicals aren't fool proof but they are a very good indicator. We'll see if SLW makes it to single digits. Won't approach creditable support until $8.50.