The poor saps who sold SIMG based on Needham's downgrade are ANGRY! Some suckers that listened to Rajvindra S. Gill, the analyst who made the downgrade call, sold at $5.00 just two weeks ago, only to see the PPS rise 20% since then and blow by the share price when Gill made the call. I hope he never upgrades SIMG because then it may be time to sell.
That's right. And with MHL quickly becoming the de facto mobile connectivity standard, and with 60GHz WirelessHD starting what will undoubtedly be a significant and sustainable ramp in revenues for many years to come, the PPS will go for the sweet ride. CEO is correct in stating that 60GHz WirelessHD is the Holy Grail of connectivity. As far as general population understanding the power of MHL, the missing piece to date has been the CE to display it on. With 40% CE penetration this year, which means no need to purchase separate accessories for TV, the beauty and full capabilities of MHL will go viral. The future looks super for SIMG. 60GHz WirelessHD was slow in getting here but we are now in the beginning of the sweet spot where the technology and SIMG PPS take off. The only way my shares will leave my hands in the next few years is if SIMG gets acquired. There are too many positives gelling and SIMG's global opportunities are extremely exciting.
I am long so I don't understand the attack in your response.
I did not attack you when you said you were writing a Seeking Alpha article that never materialized. Seeing that the best you could do to summarize a 90 minute presentation was to say "It was excellent" answers why we never saw an article from you. Surprised your summary wasn't "It was excellent, DUDE", Mr. Spicolli.
If anyone can provide any constructive highlights from the meeting, it would be greatly appreciated. Unfortunately, PM2013 does not know that people actual work during the daytime.
I think the year-end tax selling pressure is almost over, if not already done. The stock has already had about a 25% drop already this month. Also, an investor has to wait 30 days to buy back shares after selling them or else the two trades make a "wash" sale and the sold shares cannot be used as a tax loss. Those selling shares now are only looking to do so for tax purposes but want to be in the stock. With the much anticipated good news coming in January, it is foolhardy to wait to sell the shares as the price may be significantly higher by the time the shares can be purchased again.