You would think there would be more of a sell off with a reversal like that on top of the greek tragedy.
Something wierd I noticed today on level 2 is the repeated trading of 1 share 11 shares etc. Somebody is trying to influence the trade before earnings.
My post certainly does not intend to diminish rev earnings and projections. I seem to recall max pain talk but really didn't pay much attention. Pay more attention to Charles Payne.
The point is that the markets at times have an effect on individual stocks. Money managers dress stocks beginning/end of qtr. Some investors do not like to hold stocks over 3 day weekend especially with the greek tragedy in play. I believe the stock has been in a technical correction last few weeks if I believed otherwise I would be out. So with decent earnings projections around the corner I think portfolio mgrs might want to get some new money to work after 3 day weekend and beginning of new qtr. Secondly, and maybe most importantly, the mm may let the stock go.
I remember when shortellong and molding were having support conversations between themselves. Moldinginc is obviously now hurling the fact that shortlonger and modling are one and the same crumb. Just in case anybody doubted it. it's good that a joker like that gets his cumupance.
The article was very good and the industrial aspect has been discussed on this bd. I enjoy reading his articles but would rather he did not become involved with himx as he did with gtat for the reason discussed above.
matt margois is a technical savvy and smart guy but the himx henchmen would have a field day should he start supporting himx. His link to gtat is still too fresh.
It seems any apple deal would fall under nda. The only indication of aapl deal would probably be thru teardown and even then himx part numbers may not be available. I have invested in crus for a few yrs. Primary business with apple. Even the analysts during conf calls refer to aapl as largest customer.
From conference call:
On top of the expected resolution migration, we're also optimistic about the longer term contribution from two product areas, namely AMOLED driver IC and TDDI, which integrates the driver and touch panel controllers into one. On the AMOLED driver IC front, we collaborate closely with multiple panel customers in Korea and China, some of which are likely to see meaningful volume starting early next year.
AMOLED drivers require rather different know-how compared to those for the traditional TFT LCD displays and often need tailor-made design for each individual panel maker's special technical requirements. There are few competitors in this marketplace and we are well positioned, having been engaged by numerous existing and new AMOLED panel makers in their new panel developments. I will elaborate further on the TDDI opportunity a bit later.
We have a long-term partnership. So the goal both sides is to see Himax covering the whole spectrum of their products and we are working very closely on that together we them. And certainly, on AMOLED, it will take a little bit of time to really take off, but it's something that we are working very hard on.
BTW Al, I hope that you caught the kim kardashian article on marketwatch front page while you were there. I know that you follow her career.
"Now I don’t want to get too “jargon-y” here with price-to-earnings ratios and all of that, but I do want to mention the stock’s price/earnings-to-growth ratio, which has been around 0.7. Basically what this tells us is that Cirrus Logic’s earnings are growing so quickly that CRUS stock is worth just about any price you want to pay as long as the PEG ratio is under 1."
People will still carry phones in their pockets, at least for the next 10 years, he said, but they’ll also be wearing augmented-reality glasses to assist them on an everyday basis.
you know who you are. You respond to almost every post that I write sometimes more than once. You have been on my ignore list for months and I have absolutely no interest in what you have to say- good or bad. I do not take you off my ignore list period. Go ahead and call me names as you will be pisxing in the wind . Already laughing.
hey Ken, it will be interesting to monitor the overall pattern movement but the actual % comparison probably has diverged. The handle in 2011 actually dropped 21% from the cup. Fortunately current c and h has kept nice and tight at least so far and fell only 10% or so. Anyway the handle in 2011 lasted about 11 days and will be close to current handle. If this is anything like 2011 the breakout from the handle should bring the stock above 10 and then go into a sleep for several weeks before the big climb to $100 a share commences. Sounds crazy I know but crazier things happen in life.
w J ONeill has a few pages in his book that have charts of successful cup and handles. One of the very first ones that looks quite like himx is the old American Motors Co where it broke out around $15 and went up 547% in 15 months. But I have to be honest with you. I like what happened to Wang labs much better- 1543% in 34 months.
After years of declining smartphone prices worldwide, it looked like the hottest technology had quickly become a commodity. A slump that took decades in computers seemed to have happened to phones in just a few years.
Perhaps most troubling was China, the biggest market and traditionally one of the fastest growing. Not only were Chinese settling for cheaper phones; by the beginning of this year, they were buying fewer of them for the first time since the modern smartphone was invented.
While China is no longer the mobile industry’s unstoppable growth machine, it could become the next profit frontier. From October last year to March, the average price of a smartphone sold in China jumped dramatically, data from market researcher International Data Corp (IDC) showed. It went from US$192 in the third quarter of last year to US$239 in the fourth and then US$263 in the first quarter of this year.
The unexpected change can be attributed primarily to Apple, IDC analyst Bryan Ma said. The company added more expensive models with bigger screens that were so popular, they actually moved the huge Chinese market substantially and helped Apple rocket into first place there.
“The most recent increases are a reflection of the popularity of the iPhone 6 and 6 Plus,” Ma said, citing IDC data.
The results are an important validation for Apple CEO Tim Cook, who was being pressured by analysts and shareholders to lower prices and create cheaper models to adapt to what seemed like a permanent change in the industry. A less expensive plastic model, the iPhone 5C, fell flat. It did not take long for Cook to discover the real solution to Apple’s growth concerns: bigger screens. Shareholders saw evidence of Cook’s triumph in the company’s earnings from recent quarters.
Beyond Apple, the numbers are important because they blow up the idea that the Chinese are not willing to pay a premium for what they perceive to be a superior phone. After
A while ago I posted a chart showing similarities between patterns back in 2011 and current. The top of the cup in 2011 suggested that the forming cup currently would top at 9.22. Actual top was 8.68. The tech indicator that corresponds to the cup and handle is the cct_bb. The bottom of that indicator for most of today is resting exactly at the bottom of the handle back in 2011. In other words the stock price for most of today has been on the 2011 support.