Bogus Tweet about radiation issue. Fake link and from an account with less than 100 followers. It was then pushed around the web and caught traction. I contacted both Meru and Tweet account about the bogus info.
MERU blog post points to unexpected November 802.11ac growth. If this scales across vendors, then profitability is at hand. Meru Networks can expect expanding multiples the moment profitability is hit. To read the blog post just type: Meru and 802.11ac – The Wireless Enterprise without Compromise
Close today right on the 30wk MA which obviously is meaningless on a Tuesday, but it brings up the thought about what type of weekly close would put us back on the upswing to begin challenging overhead resistance areas. $3.80 - $3.90's would be a nice breakout if we did get volume north of 900k for the week. On the chart it certainly looks like a breather may occur for a couple weeks under $4...BUT, I also wouldn't be surprised to see us just keep going right through $4 right back up to $5 area prior to earnings. Clearly there is a belief that last quarters orders were put off til later, and the question is...IS IT LATER NOW.
Either way...it's accumulation time on pullbacks since we had that great thrust on volume sub $3. Now it's just waiting for profitability so we can get multiple expansion back into the stock price. Profitability is our ticket back to double digits.
Yup...I think we are just left to the waiting game on Phase II results. I did call Ann in IR about 10 days ago when they missed the November expected reporting date for results...she said in the "New Year". I don't blame her for that, but management has dropped the ball and we are sure to keep drifting until they get their act together on reporting responsibly to investors. The science looks great to me, which in the end will dictate real value...but when management blows it on two very important events in a row...I can say...It damages rule number one on investing. Rule #1 is invest in good management. I'm here because I believe in Sol Barar, the other folks are going to have to get it together because this should not be a $100 million market cap at this stage, and they seem to have no idea on how to get that communicated to the investing public. That's my Thursday rant! What do I care...I've got more shares to buy...I guess I'm getting a discount!
Yup...waiting on that for sure. I've got my BUYS lined up between $5-6 in case they slip out of current channel. Management has completely misplayed the recent firings and I can't help but think another shoe is about to drop. I believe in the science and I think the presence of Sol Barar is too compelling to ignore, but the past month has been a bit of amateur hour on communicating on firings and Phase II results with investors. Not sure about what's truly been gong on over there.
MDGN spiked sharply higher here right above some near-term support at $6.15 with above-average volume. This move is starting to push shares of MDGN within range of triggering a near-term breakout trade. That trade will hit if MDGN manages to take out Tuesday's high of $6.67 to its 50-day moving average of $6.81 with high volume.
Traders should now look for long-biased trades in MDGN as long as it's trending above some key near-term support levels at $6.15 to $5.83 and then once it sustains a move or close above those breakout levels with volume that hits near or above 106,648 shares. If that breakout triggers soon, then MDGN will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to $8.
Let me see if I can make this easy for you. The Chairman of the Board of Medgenics is the founder of Celgene ($68 Billion Market Cap), and you just referred to Adam F. (A Hack Writer paid by the Click) as an authority on MDGN? Wow...just Wow.
If it weren't for your valid ID I would really not take you serious at all. BUT, since you have a 10+ year old yahoo ID I'll just laugh at your silliness. BTW...You got both names wrong and you want me to take you serious? PLEASE.
The Bullish Triangle is about to explode your little short idea.