14 January at 0920 ET. Ron Michels and Terrry Gallagher presenting. Check the Anadigics (Investors) web page for the link.
The latest short interest data I see is 31 Dec:
Short Interest 1,596,098 shares
Avg Daily Volume 742,024 shares
Days To Cover 2.151006
Read more: http://www.nasdaq.com/symbol/anad/short-interest#ixzz2qOurKsfY
Picked up another 10K in multiple buys at 2 this a.m. Now 215K total. I might be premature; t remains to be seen how far this stock will backfill over the next few days. Yesterday's 29 cents (actually 35 cents if you consider the daily high) is a pretty big bite to chew. Thus far, volume today is not showing a lot of follow through. We'll see.
Last year they put out the press announcement of upcoming earnings on 14 Feb and actually released earnings on 19 Feb, so if the past is any guide, the announcement should come on the 13th followed by earnings on the 18th. Stay tuned.
I wouldn't read too much into that revolving credit amendment. While it might add granularity to earnings expectations, most notably Q3 break-even, I would caution that the previous credit filing last March had them break-even by 31 Mar 14.
It was all but said that we're in the S5 in the Needham presentation and that was one of the factors that drove us about 20 percent higher. Then the current market jitters settled in over emerging markets and a long overdo correction. Had it not been for that, we'd probably be 2.3 by now going into earnings.
Now, if for some strange reason we're not in Samsung's new flagship, look out below. That is why I say it's cooked in.
Excellent, confident presentation with graphics. If you didn't listen to it live, recommend you review it later.
I doubt it will have much bearing. TQNT ran into a temporary inventory problem with AAPL.
As for ANAD, today's gyrations were probably a reaction to the stock awards.
I've only sold 5K shares last July, so I guess that basically makes me long-term. And I'm up all of $800 on all those shares (LOL). I don't even want to think about the lost opportunity cost. Time for some pay back ANAD!
Probably a tax sale from a large institutional holder. (Any of the top 8 could move that much stock. Yahoo has a list but I can't seem to post a link, even to their own site!) After all, 'tis the season to reduce one's capital gains after a particularly fat year. Nothing surprising there, nor the discount to move that much product. IMO tax sales artificially suppress a company's stock price. Absent any negative news, and all else being equal, I expect you'll see AND drift back up toward 2 in January as folks establish or re-establish speculative positions.
"Logicarus, any thoughts?" No, not really. Just a very large, pre-arranged tax sale, likely from a single entity institutional holder. (See http://finance.yahoo.com/q/mh?s=ANAD+Major+Holders for a list.) After all, 'tis the season to reduce one's taxable capital gains after a very fat year. Absent any negative ANAD specific or market moving news, I expect ANAD will drift back up to 2 in January. IMO, tax sales can artificially suppress the stock price of a company.
- Sentiment coming out of the Neehman presentation was decidedly positive, pushing the stock up 8% in a matter of days
- Sister RFMD has also enjoyed positive sentiment
- Stock sold off on general market sentiment of a coming correction; large blocks sent the stock to 1.96 temporarily yesterday
- AAPL results will pressure techs today.
Given the above, we may see a favorable point for entry today 1.93 to 1.95. Absent further general market correction, I anticipate strong positive sentiment following earnings. #$%$ shoot, but worth taking IMO.
Tiger, I think you might just be making a mistake. Take a half hour and listen to the Neehman presentation. There's a lot of good new information there. It's the age of connectivity. I think all the sisters will do well.
My expectation is that ANAD might just run another day or so before back-filling, though it was looking pretty well spent near the close. The backfill will be your opportunity to enter. I think the next bump up will require an upgrade, possibly after earnings. Don't expect any exciting figures coming out of earnings, but remember, this stock's price runs about six months ahead of expectations.
Tiger, that's probably prudent, but the stock moves fast in both directions.
Make sure you listen to the Lehman presentation. I don't think you'll hear much different in the earnings.