Buy, the stock ran up .45 this morning on 5k shares being traded. If the company is in the market buying, they probably do so each morning. They buy the limited shares they are allowed, and are done for the day. When they stop, the price recedes. I have seen it again and again. I am not saying it is intentional, I am saying it is incompetence. As usual. They have proven that they could not expertly execute a buyback to save their lives.
come on, Jimmy. Today has nothing to do with TA. It is 100% about a great CEO getting fed up with his stock being unfairly punished. A great CEO who decided to fight for his company and shareholders and dispel all the myths. A CEO who knew he had to remind investors that his company has no liquidity issues and can ride this storm out. You TA types can pat yourselves on the back all day, but that doesn't change the fact that the stock would be trading at a buck-sixty right now if not for the conference call.
Rails, you generally do a nice job, but when you post "$5 by end of day?", you become just as bad as the shorts. Just stick to the facts, and leave the pumping to the others.
Hey, Jaret. Same pattern today as always, nice runup in the morning, only to give it all back. You know, it's almost humorous but I honestly believe it is the company running it up with our buyback dollars, buying at the high of every day! They exhaust their allotment, and it drops back down. It's really pathetic how bad they have proven at this whole process. Just an absolute comedy of errors.
P.S. Really great run on TSEM, and now Harry Boxer is following it, alerting all the technical traders of the breakout. Like you, I think there is much more to come. Now, if we could just get SPCB turned around!
He said no such thing. What he said basically is that Apple was a plus 10% customer in 2013 and that they are a very important partner.
Came in the call when they said the Spansion merger will now close early, between March 15 and April 15. Cosy synergies of $135M will be spread out over 10 quarters beginning in q3 this year. Very good news. With Cramer pounding this just about every night, I expect a $20 stock price by year-end.
For cryin' out loud, Sean. The last time you got that many likes on a post you were offering free steaks to all the oldtimers in Chicago:)
Incidentally, it is really disappointing and almost shocking that it has been a year since the Vegas outing and the stock is DOWN since then. Unfortunately I had to cancel that one due to Winter Storm 27 2014, But I hope to get another chance.
Just read the SNDK call. Unbelievable ball drop. Their lack of inventory wil help Micron revenues. Their lack of inventory will help Micron pricing. For 6 months.
Anyone care to speculate on the major customer Sandisk lost in SSD? Or who gained the customer's business? Hoping for good EU news tonight and a Micron rally tomorrow.
Perhaps Target was all in distribution that was sold off.
Overall silence from the company is deafening.
Company must not expect loss of Target Canada to be material to earnings. Otherwise they have a fiduciary responsibility to announce such. For all that Willis pumped Canada, I can't believe it isn't significant.
Silly, you are a moronic iriot.
It is common sense that Micron rose from the ashes because they resurrected the Betamax technology, outsourced 90% of their sales function to Radio Shack, and backed away from mobile products. This strategy, or oligopoly, turned them profitable.
Turt, $1B only buys back 3% of Micron's shares. I would much rather see them spending the money on cleaning up the convertible mess. Once that was done, I think a dividend would attract many new buyers to the stock.
As for Chippy, I sincerely hope that Caff's silence means something is brewing. And I hope that Chipbond keeps rising, because that has to help our conversion price when determining a fair deal. Even after the adr's begin trading, I believe IMOS will trade more in tandem with Chipbond, which has always been shown more love by Taiwanese investors.
Both the Street and Zacks are a joke. They rate based on recent stock performance, not fundamentals. Both soon will downgrade due to the recent weakness. Anyone who follows them is a fool.
Yes, IC, Kroger is a union shop, but most of their recent Midwest contracts were negotiated very well by the company. The days of $16 cashiers are over, unless they are veterans grandfathered in.
Tab, you are delusional.
1. Thousands of vendors sell their products through Best Buy PROFITABLY. If you have the right products and marketing, customers ASK for them, and BB stocks them with reasonable profit for both.
2. The last few quarters have validated NOTHING. They have continued to show losses.
3. $30M or $60M doesn't matter? Doesn't matter????? You are crazy. $30M would show that they have learned nothing and still cannot execute a business plan. Holiday 2014 was the best in years and $30M would be a disaster. The street wants RESULTS. This stock does not move until they PROVE they can turn it around with sustained PROFITS, not hope and promises.
4. Hutchinson is another of your long-term money-losing dogs that HOPES to turn things around.
Smurf, the elephant in the room that everyone here continues to ignore here is that none of these new products are on the shelf at key U.S. retailers. Best Buy will announce a solid holiday quarter for its brick and mortar stores; likewise will Walmart and Target. Problem is, Madatz has virtually zero product in these stores.
Estimates of $45 million quarters are just not realistic when your only domestic sales are online, especially when most of your key products are out of stock more often than not.
This company has struggled with execution issues for years under this CEO. And holiday 2014 is just another example of such. He will conveniently use the port strike as an excuse, but he alone will have failed to execute once again.
Trader Harry Boxer updated Unis last night on his charts of the day. He said if UNIS takes out $4.10, it will move to $5 very quickly. Video at his web site. Harry's calls are very solid. He has been all over ADXS' run for the last 6 points.