Not I, but have you been watching the reaction of Jon Najarian!?
He cannot control his jubilation---nor his salivary glands; wiping bits of spittle from the corners of his mouth(!) He must have made a bundle by purchasing at any price and then "flipping" it immediately...
Capitalism at its finest.
"Not crazy about buying at this point in the chart..."
VDSI is a bit extended, isn't it? The base isn't even a week old yet! So yes, you might be crazy...and you may not. Keeping your stops close will help you sleep a bit better. But, notice this...
On a weekly chart, there is the potential for a "three week tight" pattern. Notice that?
VDSI may have a very tight trading range for the next 13 trading days, more or less. If the stock fluctuates from 7-10% at current levels, I'd hold on to my hat. This is usually a pattern that does not disappoint...
Brief article; not particularly germane to NUAN, but it makes on wonder on the methodology and machinations Ricci & Co have utilized to squeeze soo much blood from such an anemic company as NUAN. Opportunistic, indeed.
"Aruba was on IBD's Screen Of The Day today..."
Wonderful investing resource, Investor's Business Daily, isn't it!?
It kept me out of the 1987 crash; I got out on the Friday before...but I didn't get back in until early 1990. Still did very well...thanks for asking. Never cared for adding the "Business" part to the banner.
Always referred "Investor's Daily"; still have my first subscribed-to paper around somewhere. Still do.
"That would apply to animals."
Uh, once again...this time with a lucid and perspicuous comment.
"Appears that someone is shorting the stock hoping to panic investors into selling with lack of news..."
Could be, but stocks don't really need "news" to decline...technical analysis requires NO news to pull a stock down. NUAN broke $16, [was big support there]---many of the institutions sold at that point. Some, presumably, are waiting for the other shoe to drop.
I hope it's a tennis shoe, because at least we'd get a rubber bounce when it ceases to fall...
"......even a metaphorical one."
Did you mean metaphysical?---I meant anthropomorphic.
You proclaimed in your last post:
"I am reloading once Carl gives up and the stock tanks to the 10-12 level."
I too have put "good money after bad", as you are suggesting in your post. However, bear this in mind before you decide to buy more NUAN later down the road.
If NUAN is acting this poorly WITH Carl Icahn in the mix, how do you think NUAN will respond without him? Others have failed miserably where Carl Icahn has succeeded---just ask Mr Ackman. If Carl walks away, it will be all over for NUAN, except the lynching.
If you're thinking that another "white knight" is going to succeed where Carl Icahn has left off, permit me disabuse you of that idyllic notion, just to save you a lot of grief later.
Believe me, no one in their right mind will touch NUAN until Ricci & Co are gone! No one, not Ackman, not Buffett or Soros, not Ron Johnson, Loeb or Einhorn...no one.
Lastly, have you looked at a chart of NUAN recently??
If indeed your "10-12 level" prognostication ever becomes a reality, NUAN will have accumulated FIVE YEARS of overhead resistance.
Not even Jesus Himself could raise NUAN, once that occurs.
Think before you leap, young man. Are yo so #$%$ sure" that NUAN is worthy of investing under those dire circumstances mentioned above??
I'd love to hear why...
You sound so astounded that NUAN is falling out of bed again! You shouldn't be. Here is how institutional investors buy stock...I've posted this before, but it bears repeating, apparently
Even BEFORE institutions buy a stock, they know exactly what and when to get out of NUAN. Let's say "they" bought on May 9 at the low of $14.95. O.K.?
They already know just how much of a loss they are willing to take BEFORE they BUY it. They also know just how much of their PROFIT they want to lose. Today and the past few days, "they" have reached that point.
You DON'T need "news" to drive a stock down...it's called "technical analysis". This is how technical analysis works.
Today, NUAN broke support at $16. Some folks probably had gotten out earlier this week, because the "trend" was going against them...and they knew that NUAN was NOT going to reverse trend. So, they sold while the selling was good.
For everyone [like me] who still hasn't sold, it's not difficult to foresee a return to $14.95...at least---because there is v-e-r-y little support between current levels and that number.
One more time: as long as Ricci and Co are in the corner office, they AND NUAN stock will go nowhere.
Try to have a nice weekend anyway.
"Chip Companies Show Big Appetite For Acquisitions"
Hedgeye analyst Craig Berger says, "Intel could become more active in communications or networking by acquiring Cavium, Inphi, Mellanox, Skyworks Solutions SWKS or Altera ALTR , he says."
Preachin' to the choir, Reverend.
If you've been a shareholder since 2004, haven't you been reading the litany of complaints since February, 2012?
deja vu all over again...
A weekly chart shows a very nice [potential] cup-and-handle pattern forming, with a buy point of $22.59. It's been forming since April 18th.
So, if you are planning on adding to your position, you might keep and eye on that figure. WAIT(!) to see if the volume is at least 40% ABOVE normal daily volume. This will tell you that the institutional investor is in there supporting the stock.
ARUN broke out of its base back on August 11th and just kept marching up! The "gap up" on August 27th quickly declined and closed at $21.26. Currently, the stock is attempting to break out of its second basing pattern at the $22.59 point mentioned above.
If ARUN was to get close [on declining volume] to the February high of $23.58, I would take some profits. Almost ONE YEAR to the day, back on February 22, 2013, ARUN's high was $26.78. If ARUN begins to surmount $23.58 on expanding volume, you might just try adding to your position for a quick buy and sell.
Sometimes, stocks can have a 20% or so run up. These stocks you DO NOT want to sell.
ARUN is UP almost 15.5% already since the breakout---it's hard to say whether ARUN will make the grade to 20% or will decline, so you've GOT to watch the volume as it gets closer to overhead resistance.
Currently, ARUN is a v-e-r-y strong stock; it certainly can go a lot higher, in the short term, in my humble opinion. Wish I owned it...
Hope this helps
"Vasco Data Security International VDSI gapped up to a new high in heavy volume. Although the stock trades about 445,000 shares daily, the average daily dollar volume is $7.7 million, which is on the light side. Low daily dollar volume makes it tough for big funds to take positions in a stock.
Vasco’s earnings and revenue gains are stepping up. In the past three quarters, EPS increased 50%, 44% and most recently 200%. Revenue growth mostly accelerated — from 8% to 11%, 10% and 28%.
After-tax margin was 17.7% in Q2, the best in eight quarters. Return on equity, though, was 13.2% in Q2, below the 17% minimum associated with the best stocks."
From this morning's I.B.D. Now I know there are no "accounting irregularities" with NUAN [that we are aware of] but under current conditions, why is there absolutely NO "coaxing" from CI towards Ricci and Co to shape-up-or-ship-out??? Why Carl?
Why haven't YOU done YOUR due diligence in this regard??
"Chairman and CEO Mark Frissora stepped down after a series of accounting problems. Hertz HTZ Equipment Rental head Brian Mac-Donald was named interim CEO, and board director Linda Fayne Levinson will serve as chairman while the company searches for a permanent successor to Frissora. Hertz had been under pressure from shareholder and activist investor Carl Icahn and others after its audit committee earlier this year reported errors in past earnings reports. Shares rose 0.1% to 28.50."
Remember too, woj that the "gap" which you see in a chart of VDSI---will have to be filled.
That means the price of VDSI will sooner or later come down to touch or "fill" that "space" between $16.64 [Friday's closing] and $16.40 [Monday's closing] price.
Hope this helps.
stevieeiam28 & wojo1423
"any advice on how to avoid getting the rug pulled out from underneath you?"
"Your guess is as good as mine."
If you are a devotee of I.B.D. you should know that you DON'T buy a stock that is 5% past its break out point. VDSI's breakout "buy point" was $15.27.
NEVER chase a stock---many times, it will decline sharply at the top---just where you bought it! Not always, but many times.
Loosing money by purchasing VDSI "at any price" is v-e-r-y dangerous investing. Believe me...I know. Let the stock run then add to your position after it consolidates. It will---nothing goes to the sky.
"...what exactly is Nuance's business?"
NUAN WAS in the business of earning a profit for their shareholders, but they are not any longer. I don't know what the hell business they are in currently.
When was the last time you saw "green" in any of the earnings reports? That long? You're correct. Almost THREE bloody years!
NUAN has a great technology that is becoming more and more stagnant as the weeks pass. Here is a little clue as to how the general market [read "institutional investors"] view NUAN...
As long as Ricci and Co are in the corner office, this stock is not worthy of investing in. Now, you may protest, "...but what about the CI involvement and the take-over/buyout/ possibilities??"
You should NEVER EVER buy a stock that is in the rumor mill. NEVER! Doing so portends that you are discarding the numerous indicators that most institutions use as a guide to which stock is a top performer---or soon to be so. NUAN is not a top performer currently, nor will it be in the foreseeable future...CI notwithstanding. Period
Ricci and his band of buffoons have rewarded themselves with the little profit that the stock has earned in the past 2 1/2 years. NUAN's relative strength is currently in the mid-to-low 40's. That means that about SIXTY percent of the current general market stocks are performing better.
Institutions go with what the indicators PROVE to be fact---right now---they dispense with stock rumors which SHOW no factual basis whatsoever in the chart.
RFF, imagine yourself as a portfolio manager for a BIG mutual fund, insurance company or pension fund.
How would YOUR performance evaluation look at the end of the year, if you had bought NUAN [as I did} at $26 and held on because Carl Icahn has a stake in NUAN [now] at $16 and change??
You would have been shown the door v-e-r-y early on...I guarantee it.