Forget the recent head and shoulder pattern. That is short-term stuff. Think long term. Compare the 3-year chart of SWKS and MU, and look at where MU peaked. You can see the rounded top. That is where we might be now on the timeline for SWKS chart as evidenced by the price action during the last breakout failing to tag the upper trend line resistance level for the first time in years. This could be the first sign of underlying weakness and hints of early stage rounded top. Technicals always precede fundamentals. At MU's peak, the outlook seemed like blue skies. But that rounded top gave hints of trouble before it showed up in the fundamentals. SWKS needs to rebound with a fury and tag that upper trend line resistance in order to negate a rounded top. You guys are worried about 1-month head and shoulder patterns, but are you monitoring the big picture?
I'm still having nightmares about that NASCAR ad. Pretty soon, we won't have to worry about them being good stewards of capital because there won't be anything left to steward.
It is very telling that the only way to get this company to act ethically and responsibly is to sue them. Years of sitting on accounting deficiencies, and it comes down to this. You make your bed, you lie in it.
Ain't that the truth. Who cares about numbers when you got Vegas parties to plan for. LoL!
Apparently it is, judging from the defensive knee-jerk reaction from the investor base.
We all know how well the DHL fluff PR turned out for this stock. (Hint, it marked the top of the chart to the exact day.)
Let's unpackage this shitment, shall we?
"...Octovis, Inc. is now shipping and has received substantial interest from industry leaders after deploying its highly mobile telemedicine platform to multiple medical facilities throughout the United States."
1) Now shipping? Congratulations. They have them in stock. BFD!
2) Substantial interest? That's nice. Thanks for the lack of quantification. Just vague and totally random terminology as always favored by management of this company to string investors along. The dangling carrot-in-front-of-horse trick. Same game they played with the DHL fluff PR, and once again, soon to be forgotten in the pages of time.
This is one of the most opaque companies on the Nasdaq. Deflecting blame for their accounting deficiencies and blacking out their investor conferences from the investing public. If they wish to continue their sustenance in the dark like a night flower, they should consider going private and stop insulting their common investors. Shame on Paul Travers.
Lol! Vegas party invitations changed - now only short sellers invited. Hahahaha! That is too funny!
But be careful puppies, as we know the Yahoo message board Vegas Party indicator is the most accurate contrarian indicator ever devised. :)
m.moc63, thanks. Good call on MU. I just read the other thread that you mentioned. I can tell you're good at this. I'm not sure if SWKS is entering a high base or a rounded top. But you seem pretty sure it has exhausted its parabolic move. Are you currently short the stock?
Exactly! This is why most people think Wall St. is rigged. Because it is. But don't worry, Jim Cramer has your back. Lol!
Tim Cook, the happy moron, got brainwashed and fleeced by Ichan. Instead of making acquisitions for the future (like Netfkix) Cook was talked into buying back tons of Apple stock at a high price so Ichan could make a quick score. I hope business schools around the country make a case study out of Tim Cook and teach to future generations about what a moron he is.
Tonight, director Hanny Nada filed form 4 with SEC, he sold half his stake in GLUU, around 1.5 million shares. That hurts. I will be shocked if GLUU doesn't drop over 5% tomorrow.
I had sold 3/4 of my VUZI a few weeks ago and put it all into GLUU around $5.1. But at current price, I like HILL better. It will be the first of all three to hit $10, and the only one to hit $20.
Icar, please don't take this the wrong way, but you come across as the biggest blowhard I've ever seen on Yahoo message boards. And I've been around over 15 years. You really are something amazing to behold.
He's already giving possible excuses in case they don't hit the mark. Not a good sign.
It's bad enough that their internal controls are garbage (as they disclosed in SEC filings). Let's hope they can rehabilitate themselves from career deadbeats too.
Thanks to the Intel investment, they just paid down their accounts from $2.2 million to $829k. Meanwhile, accounts receivable is only $255k. If they go back to floating their accounts to artificially inflate their cash position, you want to run as fast as you can. If A/P goes back up over $2 million, I'm throwing the red flag for deceptive accounting.