Well then what was up with that huge day during the middle of last week, when it was trading over $5 on huge volume?
Never mind, rallying now---about half a buck above it's low of the day now. Must have just been getting hit with everything else this morning because of the Apple and Microsoft earnings.
On Friday it hit 10.49, and then on Monday got to 10.76 at one point. So a "higher high" if you will. Besides the technical aspect, what has changed fundamentally in the last 48 hours for it to drop from 10.76 to 7.26? This is an insane 33% haircut and I didn't see any negative news released. Did I miss somethiing? Definitely way oversold, no? If I am patient, will it be back over $10 by next week? Thanks in advance.
With Dow down over 200, it's looking pretty damn good relative to the carnage everywhere else in the market (even at 7.90). Would be surprised if this puppy really takes off once the market recovers (possibly as early as tomorrow).
A month ago (June 9th--June 17th) it was trading over $4 for most of that time, and even hit 4.36 on one of those days. This was long after the news on the secondary came out. So what was the specific devastating news that came out since then to caused a haircut of over 50%? Did I miss something?
Curious to see how earnings will look this quarter--as soon as the revenue flow starts coming in with the new Atmel product, it will reverse in a hurry. What's happening now is that longs don't want to buy more until they actually see the revenue stream, so shorts are just jumping on the bandwagon--so more sellers than buyers at the moment (albeit on very light volume).
Yes, when got back over $5, I doubled up my position. For any newbies that might have just came on board over the last 2 months, this puppy traded up to 10.83 on two consecutive days during the 3rd week in May. So could be an easy double in the short-term.
Just curious, what would stop Kodak from coming in and doing a hostile takeover now for $5 a share? The funny thing is if that were to happen, both longs and shorts would be #$%$, as most longs are in at a much higher price and think the value should be much more that $5.
The interesting part is that a lot of companies decline (or even tank) on a day when their CEO says they are resigning----the street obviously loves this news (as you spelled out, because of what this implies).
Well, it was trading over $8 for about a week in mid-April. Not sure what brought it back down to $6. The funny thing about it is that I didn't sell ! (in it for the long term, so am hoping for $10 by the end of the year).
Future very bright. And the Apple trial, which seemed years away last year, is now only 6 months away! I would expect a big 3rd quarter as people will want to get in early before the year-end anticipation begins.
But if you look at a 2-year chart, it got up to $25 during that timeframe as well. So regardless of how long it takes to get back to $25, it's a very safe bet to get back to $10 in the very near future.
It's rise over the last month has nothing to do with the other China stocks---it's gone up on the merits of it's own and the bright future this year and next.
Got down to 5.73 those days too. But of one of the days it closed at 6.23 and the other day also in the low 6's. They are just taking out the stops (this is why I always use mental stops, not actual stops that can be taken out at will).
Personally, not a pumper. But it was tradng over $7 for 3 consecutive days about a week ago. What exactly has changed since then to warrant this big drop? Wouldn't you admit it's a bit oversold here?
Thanks for the post. That was dogfishhead that said "crazy dilution". I didn't know which way to vote but it's refreshing that you thought it should be "yes" anyway, which makes me think I didn't necessarily screw up anyway (with my "yes" vote). You were the first one that mentioned you voted "yes".
Uh oh. Guess I screwed up---wasn't sure which way to go quite frankly and they told me "the board recommends yes", so I went yes (was tired of them calling me every day). I have less shares than you and Eric, so my vote shouldn't really be an issue right?
Just researched your other posts---I see you are the resident "board basher". Unfortunately for you, us longs were not "made whole" today---the selloff was just temporary and it's back up to 6.20. The same thing happend on Monday---sold off about half a buck from about 5.80 to 5.35, but was only temporary as some stops were taken out---it recovered nicely and traded that afternoon in the 5.60-5.75 range. (and has recovered very nicely since then as you can see---those that got shaken out that day in the 5.35-5.60 range are probably not real happy right about now).
Correct. So let's start from the beginning. These "Posters saying NQ stock doubled in price over 30 days due to company-specific news" --- are they long or short? I can't tell if that's a good thing or a bad thing---who cares why it doubled? And if you tell me if they are long or short, then I know you will be opposite.