'How's that 3.07 support yet?'
Why it's the Support that just keeps giving :). Meanwhile IMSCLoserVille remains anchored around 1 as it will do for eternity with tens of millions of DMRJ options just waiting to be sold to keep it there.
and the reason why I thought the upper gap was more likely to be filled was that on the previous high volume day there had been a tremendous amount of shorting and that a lot of that high shorting volume was going to cover in the days to come. That's why when I saw the gap the following day I thought the Shorts had been too aggressive and would be made to pay eventually.
' So then it is a tale of two gaps. There is a gap overhead (which bodes well) from yesterdays close of 34.65 to today's high of 34.36. IMO that is more likely to be filled than what looks like to be another runaway gap that was created yesterday from 31.71 to 33.21'
... and so it came to pass. Gap filled at 34.65 today.
Licensing is non-recurring revenue so it will not save them every quarter. Sorry but their growth story is hanging on by a lucky thread at the moment and this royalty revenue quarter (Q1) is before all the cheap Bay Trails hit the market.
Taking into account the strength of the pound royalties were actually down year on year. Licensing and the strong pound saved them this quarter.
Strelkov is the immediate problem at the moment, he is a loose militaristic cannon being supported by ultra-nationalist politicians not associated with Putin but who Putin feels duty-bound to support now lest his nationalist credentials get irreparably damaged in the eyes of his electorate. Internal Russian politics is affecting their foreign policy over there while their international reputation gets trashed. Interesting look at how a mafia state works ...
As a counterpoint to that view the foundry fan site is claiming that transistor costs are still going down at 20nm and 14/16FF which is rather a bold claim and goes against all previous official published information by the foundries and their users ...
That youtube video is of the actual suspected SA-11 Buk launch vehicle slinking back to Russia minus a missile ...
The Ukrainian Security Service SBU has published on its Youtube account what it says are intercepted conversations between pro-Russian militants in which they say they admit shooting down a civilian plane, BBC Monitoring reports
Russia could play this so differently and better if it was just to become a modern civilized western country, it could become part of the EU and open its lands/resources to presently overcrowded EU citizens and companies if it is so worried about population/brain power decrease.
Anyway this is about to get more uglier and personal ...
#BREAKING: Number of dead from crash of #MH17 more than 300, includes 23 U.S. citizen: Interior Ministry adviser, quoted by Interfax
I doubt it will make a shred of difference. The whole ruling Russian Political Class has gone collectively mad with their version of NeoCon strategic thinking and it will take a lot of reverses to shake them out of this nationalist empire disease they all seem to have caught. There is a site that translates temporary leading Russian strategic thought and you can only shake your head at some of the strange views on the world they all seem to have which bear no relation to reality as anyone living in the free world would understand it. Like Kerry said they are still living in the 19th Century when gunboat diplomacy was all the rage. Also has a good live blog every day ...
and someone was bragging about it when they thought it was a Ukrainian Army Transport plane ....
Russian-backed separatist leader Igor Girkin (who also goes by the name of Strelkov) claimed credit. "The plane has just been taken down somewhere around Torez (Donetsk Oblast). It lays there behind the Progress mine. We did warn you – do not fly in 'our sky.' And here is the video proving another 'bird' falling down. The bird went down behind the slagheap, not in the residential district. So no peaceful people were injured. There is also information about another plane shot.
Strelkov, however, apparently mistook the plane for the Ukrainian air force's. He is a Moscow native who Ukraine's State Security Service says is a high-ranking officer in Russia's military intelligence department.
It appears the Russian-backed separatists had weapons capable of downing a commercial flight at 10 kilometers high or 35,000 feet high.
On June 29, representatives of Donetsk People's Republic boasted that they took over a Ukrainian military base that had Buk ground-to-air missiles, but would not say how many.
The operational range of missiles fired by Buk is up to 25 kilometers, or 2.5 times the altitude at which the Malaysian plane flew.
Malaysia Airlines also tweeted that they lost contact with the plane: "Malaysia Airlines has lost contact of MH17 from Amsterdam. The last known position was over Ukrainian airspace. More details to follow."
Technically the stock is a bit like Bambi now, still finding its feet after such a high rise. The last known support is at 31.13 ± 0.37 which is some way away. So then it is a tale of two gaps. There is a gap overhead (which bodes well) from yesterdays close of 34.65 to today's high of 34.36. IMO that is more likely to be filled than what looks like to be another runaway gap that was created yesterday from 31.71 to 33.21 but you never know as it could go either way. Gap filling on the downside is not necessarily a bad thing if the stock immediately rebounds as it can act like a selling pressure valve to blow off some profit-taking steam.