The 200 dma is widely regarded as the technical indicator of the long-term trend. If the share price is above the 200 dma, then the long-term uptrend is considered intact. If it's below the 200-dma, then the stock is in a long-term downtrend. If the stock goes below the 200 dma. You don't want to own it unless it can re-take the 200 dma with conviction.
Whole sector is in the dog house. This will take months to repair the technical damage. 200-dma sits at $78. But there is support around $80-$85. That's the first buy target for those who are aggressive and want to stick their necks out on the chopping block. For those who bought above $100, you have a lot of waiting to do before getting back to even -- if ever. Cramer knows a lot about that, as the self-appointed ambassador of the church of what's working now.
I'm waiting for $80-$85 to buy NXPI. This 1-month ledge on the chart looks like it's ready to implode. Nice gap down this morning on volume. No rush to buy.
Samsung's decision to use in-house chips had large impact on QCOM. Possible new trend of OEM's going in-house is spreading fear in semi's. Not cool.
You really think that if DHL puts in a purchase order for 100,000 units at $500/piece, which amounts to a $50 million purchase, that Paul would not put out a press release? Is that what you think? Seriously, I'd like to know. Because if he doesn't put out that announcment (or in form 8-K), he would be negligent in his responsibilities to report material changes in timely fashion. IMO.
Every night, they go to bed and say a prayer that they will wake up in the morning and see a PR announcement that DHL is purchasing 100,000 units of Vuzix's M100 smartglass. And every morning, they wake up and run downstairs to check their computers with all the excitement of a little kid on Christmas morning, only to be disappointed in the lump of coal left by Paul Travers.
And for this he siphoned over a million in salary throughout his tenure. Nice work if you can get it.
Puppies, nice due diligence on your part. Always refreshing to see someone actually read the 10-K.
Where are the new board members from Intel? Where is the 8k filing for the change in directors? Where is the new combined business plan that was supposed to be implimented within 45 days of the Intel investment? Where is the DHL purchase order that everybody was expecting right after Paul's fluff PR on day of uplisting? What REALLY happened with Lenova in China that they aren't telling us? This thing is starting to stink like a rotten fish. No offense.
Do you think Mark's brother has what it takes to steer this company?
FYI, the people who created ihub were indicted years ago and pleaded guilty to charges of manipulating OTC stocks with pump and dump scanscams. What remains of ihub is a burned out shell of that corrupt organization, and yet a few of their accomplices and beneficiaries still hang out their and stroke themselves with tales of greatness as if it were still the glory days.
DHL is working furiously as we speak on integrating robotics into their picking solution. Just read their website (which actually works well, unlike Vuzix's) to see the advances they are making toward that end. Once it is perfected, DHL will be nothing more than a sweet memory to us. They are stringing VUZI along for the ride, and Paul knows this as evidenced by his frantic fluff PR on the same day of Nasadaq uplisting, which also coincided with the top in this stock. Neglecting to mention in that PR that the pilot was only a meaningless first trial, he had to capitalize on the DHL pilot fluff while it was still relevant. Soon it will not be, as DHL goes dark. He got some mileage out of it while it lasted; good pumper that he is.
Millions of factory/warehouse workers who are potential smartglass wearers are at risk of being displaced by robots, and your snarky headline asks the question: "Who do the robots call for help?"
Your conclusion: This is good for Vuzix. Because displacing millions of line workers with robots means we need a handful of service technicians with smartglasses to service those highly efficient robots once in a blue moon.
Frankie, that video is very telling of what the future may have in store. And it is not a good sign for Vuzux. What I see in that video is a future where robots have replaced humans in the factory to such an extent that all that is needed is ONE human with a pair of smartglasses to perform the service upkeep of all the robots. So the potential demand for smartglasses in the factory of the future has been reduced from hundreds of people per factory, down to only one or two. Are you paying attention to what's going on here? A better question is do you even know what you are looking at when it's staring you right in the face.
If it can consolidate above the 50-dma after Friday's breakout, that would be very good. It dipped below the 50 this morning but snapped right back, which might have been the only test it needed. I need to see a closing price above the open price today before I catch any wood. This will be an interesting week for sure. And the E-trade buy restriction adds another dimension to the trade action.
This is no laughing matter. Online buy restriction is not something you want to see for any stock in your portfolio. Shareholders are entitled to truthful answers from their broker.
I've been trading online for over 15 years, and the few times I've seen but restrictions, it has ALWAYS been related to hacking activity where the hackers hijack trading accounts and use their buying power to bid up a small cap stock. Whoever has an E-trade account should call them and ask directly if they detected fraudulent purchase activity in VUZI, and if that's the reason they restricted online buy orders. Be forceful with them! They won't volunteer this information unless asked directly. And even then, they will say something like: "well, I'm not sure, they don't tell me details, but yes, that is one reason why a stock could have had an online buy restriction in force." In other words, yes, that is the reason.