Do yourself a favor. Stop with the groundless conspiracy theories, and try to analyze why the stock price keeps dropping on low volume. It's not rocket science.
Somehow I knew one of you guys would post this Samsung note, which of course misses the point. Samsung lowered their overall guidance for total product for 2014. But as we all know, Samsung revenues are in question anyway, so the Note 3 information is moot.
On a related note, you should have several dip opportunities to build on your position.
If I may weigh in, I think poster rul4king is in for the long haul. He may have a 15-20 year investment thesis. There are indeed many headwinds in the OLED growth story, which could persist until after 2021. This would probably be an acceptable outcome for rul4king and others who plan on holding OLED for many, many years.
Rich, this company has value, but I'm starting to think the real growth story won't begin until 2021-2022. All the bulls here claim they're in for the long haul, so I guess they won't mind waiting 7 years or so.
a good quarter. I'm sure everyone realizes, perhaps the most important technical indicator you can follow for a stock is price action. The price action has been drifting down on low volume, which means there are no buyers to support the lower prices. It looks like the goal here for price action is to fill the upside gap from early November. Good luck to all.
OBV is at a yearly low and falling, MACD recently experienced a bearish crossover, $32.90, then $32.50 are two critical areas of support to keep on eye on next week, and finally the long term monthly chart has been in a downtrend since early 2011.
Most successful traders today who are making good money will make their trades, long or short, based on the chart. You don't even have to know what business Universal is in to make these moves. Having said that, the recent patent disappointment and follow up perspective by analysts who follow the stock would give anyone pause in going long the stock, and could certainly explain the weakness in the technical stock indicators mentioned above.
Let me be clear....OLED may be a great company, with a promising future, based on their technology. But I don't see that outlook in the chart, either near term or long term, and several analysts are not currently embracing the growth story. There are two sides to every trade....that's what makes a market.
Maybe, but who wants to wait 4-5 years to make money? Keep in mind, this stock was trading in the mid $60's in 2011. Now at the end of 2013, it's in the low $30's. Not much progress, in my opinion.
You would think after, what 6-7 years of their BS, that people would get the message. But no, this has been pumped forever, and the boy cried wolf way too many times.
All these guys on the board with 5,000, 10,000 shares must be thrilled. Actually, OLED may be a good story when it plays out in the future, probably 2021-2023.
And now we know why it's been up big the past two days....They got a huge upgrade today from an analyst with a $270 PPS target, based on the fact that LNKD will be moving their growth story into China in the near term. We'll see y'all at $245-$250 within a month or less.
You have 15,000 OLED shares, currently worth $497,000 at today's closing price, and I'm the quarterback of the New York Giants.
I went long VEEV for the first time today before the ER release. And now I just finished reading all 3 SA articles by the same author, all written within about 2-3 days. This is most long winded, desperate blog by a short seller I've ever seen, and I've read hundreds of SA articles, both long and short.
My advice to anyone is to do your own research, make your own decision, and maybe most importantly, followthe chart (which is the same thing as following the money). Is this short seller smarter than the street? I don't think so.....Just ask the shorts over the years in CRM, AMZN, LNKD, and many others.
Agreed. This is huge growth story, and it certainly didn't disappoint today. Many cloud intensive software companies will be in play early next year, and VEEV is the early favorite for M&A, IMHO.
I think you should consider listening to Canaccord Genuity. They're an investment banking house that has a well paid analyst who follows this company.
By the way, just because someone owns 1,000 or 5,000 shares, or your benchmark 500 shares, it doesn't mean they know what the future is like...........
I have to believe almost every public company lies about their guidance, unless they guide down. This entire market is so artificially pumped up by the Fed and others, it's not even funny anymore.