YY is a possible acquisition target.
Would not doubt NFLX would be looking.
Unbelievably under radar.
Actually looks like a trip to mid $10's can't be ruled out over next few weeks. Chart is ugly.
Here it is mid $12's....as predicted.
Still no reason to rush in and buy...still not showing any reason to buy.
Actually it is now a horrible looking chart. This one one to stay away from...
Is this a take out candidate?
Tech Trader has targets of $4.25+/- near term with consolidation and then a run to $6 and $8.
P&F Target now $9.63.
Still feel it may cool off a bit here. But the technicals that the Tech Trader keep pointing to make you wonder.
Who knows.
Looks like it did go to fast here.
That is ugly action. Not looking good.
Is this massive rebound off lows indicative of the underlying stregth of the LED opportunity? What a rebound. A close in green would be unreal.
This is amazing strength.
Today looks like it may be the 2nd highest volume day since Lapenta took over in September.
This Lapenta guy seems to have been successful in taking advantage of big trends. They talked about big opportunities etc. in this LED space. This price move seems to suggest good news soon - but maybe it has discounted most of the good news before any possible good news hits. ??
More deals? Earnings report?
Who knows.
Seems like this has gone to far too fast.
Probably a decent opportunity longer term but seems it has moved too far - regardless of what the Tech Trader targets look like.
Thoughts?
Cree earnings yesterday may have shed more light on this company here.
New P&F Target of $8.13. (Though doubt very very highly it gets there anytime soon).
They should EASILY report more revenue in Q1 then they had in ALL of 2012.
Q1 revenue should be UP 300% to 400%+ YOY over Q1 2012 revenue.
Would assume it to be any day now. Most likely no later than May 6th or 7th +/-.
Q1 ended March 31st.
A tipping point for LED adoption. Believe general awareness of the Economic (HUGE energy savings using LED), Environmental (Flourescent Bulb breaks are very hazardous for health - MERCURY) and lack of Hassle (no bulb changes for YEARS upon years) - will drive HUGE Commercial, Institutional, Government adoption NOW.
It doesn't hurt that LED will basically be one of the BEST LEGAL lighting options in the next year or two and beyond.
ALSO...New proposed Energy Bill just reintroduced on April 18th (Forbes):
"Today, Senators Jeanne Shaheen (D-NH) and Rob Portman(R-OH) are reintroducing their Energy Savings and Industrial Competitiveness Act, supported by a broad range of industry leaders, energy efficiency advocates, and environmental stakeholders."
Great commercials.
Disagree completely. Many other much better looking charts out there. MUCH better.
Get the feeling they are STILL way under radars. Still a complete unknown.