due to Sprint impact of shutting of down Nextel. But Management already said this would be the case this Qtr and as such I believe it's fully priced into the stock. Beyond this Qtr, NIHD will start to benefit from completion of it's network build out in Brazil. This will ease the cash burn rate and begin to start generating cash flow going forward.
This is the time when you have to hold your nose, close your eyes and buy.
It is sickening to watch these traders try and manipulate this stock with 100, 200 shares moving the stock +-2% on no volume and for no reason. We know they have the power and the money to do this forever, but when will the adults among them step up and say enough?
Fundamentally, DRAM prices have shot up since Hynix fire which is very positive for FF. Micron/Elpida is one of the largest DRAM makers and one of the top customers of FF. How could MU stock continue to print new highs (closing on $18)? If MU is benefiting from higher DRAM prices, their inventory of DRAM chips will have to be restocked which means more business for FF. How could these kids playing with this stock for the last 2 months not see and understand this?