I like the company but the earnings were NOT blow out. They only met eps while beating on revenue. The bottom line was uneventful.
They did NOT raise guidence either.
I still think its a good company and i like the stock but dont expect this to break 50 today.
INVN is a dead stock as me and a bunch of other guys said for months. There are MUCH better stocks. Buy strong stocks with good charts on pull backs. BABA. Comes to mind.
Men with prostate enlargement have higher levels of dht. Higher levels of testosterone means higher levels of dht. Dht is what causes the prostate to enlarge. Castrated men will never get an enlarged prostate.
So, having an enlarged prostate means you are too much of a man; unlike mit_mathmetician who has no male hormones whatsoever.
Where are those 2 fools??? They loved to bash us shorts when we were shorting at 25 and 26, and guess what???? They lost a ton of money. What a bunch of amateurs!!!
I told everyone the stock was going to 15 well over a month ago and everyone dismissed my expertise with technicals. Although a few sharp minds did agree and they made a ton of cash.
Mit_ mathmetician got slaughtered.
I said FB was a good short before the market even opened. The charts screamed short and thats why i did. I covered for a point and a quarter on 1000 shares. I made about 1250 , it was a good day trade. I totally missed BIDU as a buy the gap down. That scared me but it was a hell of a move.
I follow charts and look at the technicals. Did you see the call i made this morning before the bell about shorting facebook FB . It didnt take a genius to see that as a great short.
I dont like how it gaped down below the 50 dma yesterday. Lets see if it closes above the 50 day today on good volume. If not, its a short. In fact, i would short it and place a stop just above yesterdays high.
PBR is another horrible chart. I wouldnt tough that either. Why are you choosing stocks that are clearly broken; because its cheap??? Its not, its probably very expensive.
I am NOT saying to buy Facebook. I want you to look at the chart of facebook( FB ) and compare it to the PBR and OTIV and you will get an idea of what a strong chart looks like. Seriously, i want you to look at them.
The chart on OTIV is horrible, i wouldnt touch it at all. If it had so much promise, the chart would look better, never buy a stock under 10 bucks and especially under 5, thats a fools game. A stock is under 5 bucks for a reason. Everyone wants to own that $2 stock that goes to 100. Thats one and a million. Look at strong stocks on pull backs to support levels . That said, i am worried about the market as a whole right now.
Not that they had much, they pumped the hell out of INVN even mentioning a possible deal with Apple and eloquently list reasons as to why a deal was imminent, just as most analysts did as well. So what happens, INVN finally announces a deal with Apple and then the stock sells off and Roth Capital issues that very negative research note. Upon selling off after announcing the Apple deal, Motley Fool should have immediately looked into possible reasons for the sell off and immediately reexamined their investment thesis; they never bothered to do that. That was a tremendous disservice to INVN investors since motley fool are partially responsible for putting INVN in the map and then continually pumping the stock. They clearly dropped the ball . You can never be right 100% of the time but you should always admit when you are clearly wrong. They never did and they clearly know they were very wrong.
I said " there is something wrong with this stock". When the new iphone came out and reported record sales on the first weekend, it was determined INVN was in the iphone. Apple was making new highs and so were the other component/ chip companies that were reported to be in the new Iphone; SWKS, NXPI, and a few others. While they were rallying, INVN was selling off. Everytime INVN would have a good day, it was met with strong selling. The chart was clearly breaking. Thats when i said, , something is wrong with this company". And then Roth capital made that famous downgrade, to me, that research note made sense as to why all the selling. I knew it wasnt only Roth Capital selling but many other large institutions. You guys need to find a different stock. Its much better to buy 500 shares of a strong $50 stock than a 1000 shares of a stock in the low20's that never proved itself. Everyone assumed INVN was like a compressed bottle waiting for the day when INVN announces a deal with Apple. That day happened and it turned out to be the worst thing for INVN. Apple can be a margin killer.
Guarantee Motley Fool is going to say something like " yeah, the quarter was bad but thats expected for a new company investing in the future. INVN investors have to be patient bla bla bla". They have been saying this for how long??? They pumped the hell out of this stock and lost a lot of money for a lot of people. They pumped this thing on a weekly basis, where are they now? Where were they when Roth correctly downgrade this stock?
Mit_ mathmetician didnt listen and lost $118,000.00 bucks according to his post on another board.
I will take a large coke with my big mac mit_mathmetician and you can keep the change to pay off your margin call.