Daily volume is UP 27% [currently] over normal. The up vs down indicator has gone from 0.6 to the current 0.8 in the past week... We've got to say, at least, the things that matter are all heading in the right direction...for the time being..
There is significant overhead resistance beginning at the $15.62 area, which extends over a 4+ week period.
As NUAN approaches this area, those who have held through the decline are apt to be sellers; this may make any progress through this resistance area---up to $16.47--- a most arduous task...
Having said that, CI's "partnership" with NUAN has shown, occasionally, to be stronger than any "technical chart" pattern, hasn't it?
"Nuance A Misunderstood Name That Could Double In 2014"
The last paragraph in the article states..."In line with peers, Nuance is worth at least 2x current price."
Point one: I've learned that a stock is worth about what it's currently trading for, so the point they are making is wasted on me.
Secondly, their assertion will be rendered moot, should CI break up NUAN, concluding that the parts are worth more than the whole. I don't know if that's true or not, it's just a point that the folks at SI have yet to touch on: the "break-up" value of NUAN.
Seeking Alpha, as well as those of us on this board, can permit our imaginations to run wild, and that's fine. That's what this message board is all about...tossing ideas about in a friendly discussion. We're not talking about a DELL or NFLX here; NUAN is not in the same league as they.
However as we all know, in the final analysis, as CI goes...so goes NUAN.
"The man put over $1B in it so he'll do anything to make it fly."
...just as long as he sees it [NUAN] as continuing to contribute to the best interest of his capital investment, I'd agree with your statement.
If nothing else, CI has the long held and respected reputation of being a financial "risk manager"; that's how he maintains such a war chest of capital.
As "pig" has said on this board, there were [and are] back room deals being done, possibly as we speak, that none of us [holding NUAN currently] will ever be privy to.
The circumstances surrounding those "negotiations" that CI holds with Ricci and his entourage will forever remain outside the ear-shot of anyone not intimately involved with them...meaning all of us! CI is looking out for CI.
Lastly, I'll believe "it" when [if I live long enough!] I see "it" bear fruit. Until then, I remain unconvinced.
We must all try to keep our wits about us, though. Carl's effect on NUAN is undeniable, but Carl is not infallible, nor are "deals" or rumors of deals. Note too, the volume for today's move is currently 15% BELOW normal daily trading volume. Unless there are more "formidable" headlines, NUAN will continue to consolidate...
In other words, easy come---easy go...for the time being.
We are all grateful for the move today, but NUAN is not setting any record for price appreciation here...there is a helluva lot more to go before many longs even break even...
...closing above $14.55 on 40% [or more] volume would help, but currently, the volume is around 17%. So let's not send in the United States Marine Corps Band just yet...
"LGI, based in The Woodlands, Texas, is also due to report results before the open Wednesday. Its Q3 earnings are expected to come in at 12 cents a share, while sales are projected to rise more than nine-fold to $225.9 million.
It will be LGI's first quarterly report as a publicly traded company. LGI had its initial public offering on Nov. 7 and priced at $11. Shares currently trade near 16.
Despite recent challenges in the homebuilding industry — mainly rising mortgage rates — recent financial results have been positive."
True pig, but it's no worse than what we've been saying [and suspected] since February, 2013, is it?
The article's insistence that "shareholder activism necessary" is something to be left to the "big guns"; I assume that's whom the author of the article is referring to. So far, at least since February, they have been quite sanguine with just selling out...not the least bit interested in making a fuss.
Does it take the BOD's full consensus, or a simple 2/3's majority vote to carry the motion to grant the keys to the candy store to Ricci, as they have long done?
Using a corporation as your own, personal ATM machine. Makes me sick...but no better [or worse] than Congress, I suppose...
You are absolutely correct. For those who saw the "Herb spot" on CNBC Tuesday morning, Herb reminded us that the CEO[s] who made the top of the list were fired in less than a year.
We may never know just how far "up the ladder" a well thought out message may get in the corporate world.
However, we can rest assured it will never get anywhere if it's never sent.
Kudos to you!
Not everything CI owns is going up, apparently.
Selling 2 million depository units and "invest the proceeds back into their businesses..."
In short, raising cash. Perhaps, because of the downtrend in the market perceived by CI earlier last month?
"Reminds me of a stock I owned..."
What stock was that? I'm sure we are all most curious...
This comes from I.B.D.'s Top 10, front page column.
I know that this subject has nothing to do with NUAN, currently. Yet, it may have far-reaching ramifications should APPL or one of the other "big guns" become "involved" in/with NUAN.
"The Supreme Court will rule on a case that could determine what software innovations are eligible for patent protection and when companies can be sued for using certain software.
The case, CLS Bank v. Alice, is being closely watched by Google GOOG, HP HPQ, Facebook FB and others. The court has previously struggled to decide what tech innovations qualify for patent coverage."
Further reading on this case can be done by a simple Google search.
Up $.72 [5.33%] on 53.3 million shares...was as high as $14.55. As impressive as this looks and sounds, all good things eventually conclude...or in NUAN's case, a consolidation.
The absence of more hard-charging volume [money flow] the last two days could signal profit-taking. A sell-off to $13.50 would not be at all a surprise---that's where support is. In fact, the MFI has dipped the last two days.
More evidence will be found in the fact that NUAN closed at $14.24 BOTH yesterday and today...although volume [earlier in the day] was in the +50% range. This is called "churning"; little or no price appreciation on higher volume.
For those technically inclined, the up vs down volume is still at a quite bearish "0.7". The accumulation/distribution rating is a modestly bullish "C+", still a good sign.
It should go without saying that since NUAN has been news-driven since CI began to take an interest, if more "news" [of a-n-y type] from OR about CI, his involvement in NUAN, or even with AAPL's Cook come to the fore, all bets are off.
We've witnessed what effect even a hint of a headline can do to NUAN...both good and not-so-good.
Have a wonderful weekend!
So much for your "pincher point"., eh wolf? I'm glad I had the opportunity to tell you just what I thought of you...I pity your "clients", if you had any in the first place.
What an "A, #1 putz" you really are.
C'mon, tell us once again, big shot, just how fantastic your "pincher point" nonsense really is!?
There are a lot of folks on this message board who are wanting to tell you what to do with your "point"...I just pray that the folks who believed you and "doubled down" on NUAN, using your say-so as gospel, decided just what a crock you were selling.
Like Ricci and his band of merry henchmen, you have no shame, no scruples.The major problem with these message boards is that anyone with Internet access and an IQ over 6, like yourself, has access to them. You personify everything that is wrong with message boards. You're just one more big-mouthed, vacuous, techno-babbling little boy, who believes reading a stock chart is like reading a comic book.
Stick to your comics, junior...
I just got home from running a few errands, only to learn NUAN is selling for under $14.85...on almost 750,000 shares A/H. How the once "mighty" continues to fall...but how much more has it to fall? That is the question.
NUAN will, I fear, be under selling pressure in here for a while. We haven't seen the last of the sub-$15 prices...nor have we seen the last of the flim-flam man...
Agreed all---this is a travesty at every level. I believe that in one of "uselessineustis" posts some time ago, he used the baseball/football player salary analogy.
To play devil's advocate for just one moment: if you were Ricci, would you---or would you not---accept all of these gratuities, deserved or not? I think we all agree we probably would.
Yet there is the "moral/ethical issue" which the BOD and/or "the committee" apparently have no use for. There is no way that any CEO who loses 30% of a company's market cap, should be rewarded so lavishly for doing so. It's unconscionable!
They are totally responsible for coordinating and condoning the rape of this stock and seem to have absolutely no conscious whatsoever to do otherwise. The shareholder is, in every sense, paying the ultimate price. The BOD seem to see nothing wrong with what they are condoning.
Rewarding the profligate, by extorting the stock's wealth [such as it is] from the conscientious and loyal shareholder. I never thought I'd live to see the day!
In an earlier post of mine, I recall saying something to the effect that, "Damn it! This is NOT YOUR MONEY!"
When corporate boards overpay a CEO, it is shareholders who lose because profits that could have become either shareholder dividends or capital gains are instead going into the pocket of the CEO.
These totally undeserved perks/monies/shares that they give away so unconscionably to Ricci belongs to the SHAREHOLDERS!! No one e-v-e-r asked me if it was O.K. to do.
Did anyone ask you!?
The "good ole' boy" network of back room/board room "smoker" deals is alive and well.
May they all rot in hell..
This group becomes very suspicious and apprehensive when a relative "new comer" begins to "innocently mention" stocks [like your post above, including ARNA] OTHER than the one designated for this message board, in their posts.