Bingo....Finally someone who gets it. There isn't any fundamental thesis, nor short conspiracy theory, that can supercede actual price action.
I have no doubt that what you've just posted has meaning to some....However, the market doesn't seem to care. Price action is the most important technical indicator there is, and the price action suggests the headwinds for OLED going forward are problematic.
It's a Chinese company. Do you trust the numbers? "They already told us next quarter is another blowout". So why is there so much resistance and selling on the chart?
and I guess we don't have to worry about a Santa Claus rally either......Just keep sucking everyone in at the top.....Of course Cramer will tell everyone to be cautious tonight, typical fair weather guy. Watch all the bears come out with articles tonight and tomorrow......
On a financial website I follow, FONR was listed as one of the top 3 most undervalued companies on the entire Nasdaq.
Only a market cap of under $99M with this revenue growth? Are you kidding me? Sure, it's pulling back with a brief retracement given the previous advance, but with their growth, leverage in the space, demand for their MRI products, etc., this should easily be trading in the $20's.
It's not rocket science, just look at the daily chart of the Dow and S&P. Nasdaq, IYT, $Rut, and even the SOX. They're all headed down. The Santa rally is a myth, conjured up by the perma bullish financial media.
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.
I have some land in Florida I'd like to show you when you get a chance. Good luck with that stock purchase, with a cost of $822,500 at the current price.
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.