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.
"Chart looking nice"
Are you referring to the S&P 500, ARNA or NUAN...it's hard to tell from your ambiguous post?
You don't want to be accused or perceived of anything unscrupulous or surreptitious, now do you...?
From Tuesday's I.B.D. Front page, article #3, left hand column...
"Carl Icahn said he is “very cautious” on stocks, saying the market could easily have a “big drop.” The activist investor, speaking at a Reuters investment conference, said many companies’ earnings are a “mirage” that may reflect low interest rates more than strong management. He said he doesn’t plan to fight Apple, but won’t walk away."
...I'll bet he doesn't have a care,
if NUAN doesn't go anywhere!
Very poetic, cyber.
"Nuance Communications, Inc. (NUAN) today announced that the Company will release results for its fourth quarter and fiscal year ended September 30, 2013, after the market close on Monday, November 25, 2013."
It's a curious fact to me that just O-N-E trading day from the September 30th date mentioned above, NUAN put in a short term bottom @ $15.56.
Additionally, perhaps more telling is the fact that one of the largest accumulation days occurred just two trading days after that, on November 4th. hmmm. Perhaps, someone is tipping their hand just a bit. Perhaps not, I just don't know.
Now I'm not at all convinced with any of the new posts on this board, flaunting their prognostications, least of all their "irrational exuberance" toward NUAN.
The current minor increase in price appreciation [4.45%] this week could be nothing more than the dead cat bounce from a v-e-r-y oversold condition. Nonetheless, charts do not lie...so keep an eye open.
For the second week in a row, the stock traded the week with POSITIVE volume! However, this sould be of no surprise to those who realize that NUAN has closed the past EIGHT WEEKS on negative volume. A bounce like this was almost a certainty.
Up 4.45% on a miniscule 15% INcrease in volume brings little sign of relief to the disheartened long term holder of NUAN.
NUAN closed this week with a still abysmal R/S of "8", meaning that 91% of the general market is performing better. The up vs down volume indicator still remains quite negative at "0.8"---1.0 is neutral and anything over 1.0 indicates positive demand.
The acc/dis indicator still rests at a quite bearish "D" rating.
For those who understand the "point and figure" charts, NUAN still remains under the quadruple bottom break of October 16th.
Significant overhead resistance exists at the $18 area, as I mentioned previously. Left to its own devices, NUAN remains rudderless...but currently, at least, NUAN is NOT being guided by fundamentals OR technicals...just rumor, conjecture and almost complete reliance on news of CI's "involvement".
Lastly, to the poster who insists that the "C&H pattern" exists in an intraday chart. A potential C&H pattern DOES exist on a daily AND weekly chart.
However, to fulfill this pattern, NUAN must close at OR above the $20 mark [then begin forming a handle] in the upcoming weeks. Failure to do so could return NUAN to the dismal and lackluster trading pattern previously seen this past May...
Enjoy the weekend!
I've never seen a "cup and handle" pattern "work" on an intraday chart.
A daily or weekly CH pattern takes a MINIMUM of 6 weeks and as long as 30 weeks to form. The stock will usually form the "handle" when it reaches the high point on the left side of the cup
Today's high [in your cup] is $16.31. However, NUAN hasn't gotten closer than $16.26
If the current chart displays a CH pattern as you say, when/where does the stock "break out"??
Sign of the Times?
From Friday's I.B.D...
"CARL ICAHN lifted his stake in Chesapeake Energy CHK 11% to 66.5 mil shares and raised his stakes in Nuance NUAN , Federal-Mogul FDML and WebMD WBMD . Chesapeake rose"
" When was the last time that happened?"
November 1st and 4th...but your missing the point.
The previous three up days have been on BELOW average volume...only today is the resumption of this "rally". look at where the stock opens, look at the high and how far the stock closes from that high. Look at where the volume comes in---either up or down---and watch where the stock closes in relation to the high.
For NUAN to make the the highs that several folks have postulated, NUAN will need to get a lot more money flow into shares. Just because there are UP days back to back means very little. Now today's volume was 21% more than normal. This is a good beginning.
Today's low was $15.62 with the high of $16.10. Yes, NUAN closed just a dime from the high--this is good. but there were 500K shares sold on the down tick at the bell. I would NOT be a buyer of NUAN in here. There is a lot more spade work to do, both technically and fundamentally.
Look at a weekly chart; does NUAN still look like a stock you'd buy?! NUAN is currently putting in a short term bottom...that all. None of the technical indicators I watch would suggest to me that NUAN is a "buy" here. None.
There is tremendous overhead supply at the $18 area. Have you any idea just how long it is going to take NUAN [at the current rate] to penetrate that formidable barrier? Owners of NUAN are going to be selling like crazy every time NUAN reaches $18.
Every rally will be met with a sell off. Now, if someone comes along with a "buy out" offer, all bets are off. I'm speaking of the current pattern [buying and selling] that NUAN enters into every day, earth-changing news notwithstanding..
There is a lot more to interpreting a stock chart than looking for "green" days...
great story wolf...however, I prefer to reserve judgement on parts of your assertions.
We must remember that it is the institutional buyer who is responsible for about 70% of a stocks movement...the other 30% comes from the retail investor. Personally, I can't think of too many institutions who are interested in a stock with an RS of "7", particularly when the general market may be searching for an excuse to "consolidate" in here somewhere. At least not now, for several reasons...
Notice where many of the "high flyers" are selling off? That's early profit taking. Take notice too that a lot of the lower priced stocks have been rallying...that's because the high flyers are being sold off and day traded.
Lots of insecurity in the general market. Let's look at a NASDAQ chart.
Currently, it is in a 5th stage basing pattern...that's very long in the tooth, where rally's are concerned. Remember too that 4 out of 5 stocks will go the way of the general indice in which they are traded.
Lastly, the last two weeks, the NASDAQ has been churning...higher than normal weekly volume. This is a red flag. I've taken profits in my other positions the past few weeks.
I've suggested to others they do the same.
There are investment "styles" that accommodate all investor psyche, yet there is [usually] one thread that binds them all together.
That is the fear of losing money; some are more conservative than others, but at some point everyone will say---I'm out! I don't want to lose any more money!
Most times, this is a good strategy, sometimes, when you sell, the stock goes straight up. "Them's is da breaks", as we used to say on Elizabeth Street.
I fell in love with NUAN. Big mistake because the love, so far, has been unrequited. I asked "wolf" the question because I personally do not feel that there are almost 8,000 other stocks to put a client's money in. F-A-R better choices by any gauge you care to use.
So why jeopardize a clients money by placing, in of all places, in a stock that 92% of the market is OUTPERFORMING??
Nothing NUAN will e-v-e-r do will give a greater return which will eclipse the return you'd receive from the other 92%.
You posted that Goldman put a price target of $24 on NUAN? That's just 34% from here...time line guidance?
Six months? A year? More? how long an investment of time and money will bring [if ever] that 34% return??
"The chart is all that I care about....the chart already contains all known fundamental info..."
Please enlighten us; what is it that you see in NUAN's chart that was so compelling, that you are willing to risk a clients capital on?
Did they chose this stock to buy---or did you?
This comes from Investor's Daily's website today...
"NQ Mobile (NQ) stock was down again in after-hours trading Tuesday, after the under-fire Chinese tech firm reported Q3 EPS merely in line with analyst views.
The company also did not have an update from its special committee of independent directors that is investigating charges from short-selling firm Muddy Waters of "massive fraud."
But the company announced that its top executives — including its five highest-ranking execs — would on their own buy up to $3 million in NQ Mobile stock, as they attempt to reassure investors while Muddy Waters continues to press its contention of accounting fraud at the provider of smartphone security services."
I'm unfamiliar with the NQ case. I'm still reading up on it. This may be a "Watergate" to the Muddy Waters groups allegations, or just a drip. The truth may lie somewhere between.
However, I find that NQ management's stand against the alleged wrong doing, refreshing, if nothing else. Is $3 million per exec a lot of money?
To me the dollar amount doesn't matter.
The fact that they are speaking out and defending the company [to investors] which they represent is, to me, admirable, considering the charges and the potential liability of their being found guilty.
When one considers the recent decline in NUAN, without a squeak coming from Burlington, Mass, "speaks" volumes to me. Managements' "do nothing" or "hear, see, speak no evil" [speak nothing!] stance, leaving retail investors, potentially in a dark arsenal with only a match to strike for "illumination". Forgive the mixed metaphor.
This should leave a v-e-r-y bad taste in all retailers mouth, should [if/when?] NUAN ever gain the wherewithal to extricate itself from this hole, which current management has dug for most retail, long term investors.
If this is the way NUAN management "handles" the current "situation" at this price level, how will it handle the next one, at higher prices?