Direct quote at conference: He predicted people will still be carrying cell phones in their pockets for the next 10 yeas, but after that - augmented reality glasses could be huge hit! This is good news for Vuzi. I will make note on my calendar to increase my VUZI position in the year 2025. If it still exists.
I agree there may be investor concern over the completion of the Freescale merger - not to mention their ability to assimilate smoothly - but I wouldn't relate that to NXPI being a European company.
Thanks for your thoughts, motblue. We'll see if the recent divergence persists. If it does, perhaps you are on to something. The dollar has been fairly flat with Euro while NXPI tanked last month. I don't buy the strong dollar excuse for NXPI's recent relative weakness.
Not enough said. For example, if NXPI continues to break down below the 200-dma while the other three horsemen make new 52-week highs, it can't all be due to currency translation.
NXPI is now the only one of the four that could not hold the 50-dma. The other three appear healthier at the moment and trading somewhat inline. NXPI has underperformed the other horsemen almost every day for the past two weeks. The question is this: Is NXPI's chart a leading indicator for the horsemen, or have the other three become detached from NXPI? My gut tells me that the price action in NXPI portends negative action coming for all the IoT stocks. I hope I am wrong, but it feels like the shorts are coming for each one in due time, having started with the low hanging fruit. I would be pleasantly surprised if the other three horsemen can hold their respective 50-dma's, but I am not too confident. Any thoughts?
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. :)
Starting to smell like fromunda cheese
The hill of beans has turned into a mudslide with today's breach of the 50-dma support. Bye bye momentum traders. Who didn't see this coming?
That's not an article. It's a press release from Vuzix. You people are going to hurt yourself if you can't tell the difference between an unbiased article written by 3rd party, and a self-promotional PR.
The chart is looking precarious near the 50-dma. Today's sickly underperformance compared to record Nasdaq action hints of no real support. If it breaks the 50-dma, the momentum traders that pushed this thing up since March will bail in droves.
Well, first off, I do not use any other ID when I post messages. I do continue to read this board from time to time, even though I rarely post anymore due to my reduced interest. The reason I posted about the new Occulus/Microsoft partnership was because I didn't see this topic being discussed on the board and I thought it was worth mentioning. That's all.
So, who is Vuzix partnering with for the consumer market? They can't be taken seriously if they think they can compete alone against major consumer brands Occulus/X-Box and Sony/Playstation. If they attempt the impossible it will blow a hole in their balance sheet. They need to focus energy and capital entirely on the commercial market or sell the entire company ASAP before the consumer value of the brand becomes unsalvageable.
What do you think of the argument that auto sales will fall off a cliff in five years as millenials come of age? I think it was motley fool who posited that millenials don't drive like previous generations. They use Uber instead, and a good portion of them don't even bother getting drivers licenses. I don't neccessarily agree with MF's theory myself. But I'm open to the possibility. Any thoughts?
FYI, even though they don't need the exposure, large cap companies like Starbucks and Nike have more respect for their small retail investors than these loads do. I listed this dismissive attitude as one of the red flags when the stock was trading above $7.
Again, VUZI denies investors a webcast for their upcoming Sid/Cowen investor conference. Other companies are providing webcasts of their own presentations at Sid/Cowen - like IMMR for example. What is VUZI's excuse for keeping the general investing public in the dark? There is no excuse. Pathetic management.
Hi Puppies, the reason I don't post much anymore is because I've concluded that Travers is a con artist based on inconsistencies and back-pedaling when comparing the last two conference calls. Previously, I had been waiting to buy more stock at a lower level. But now I don't want any serious piece of this action. So I won't waste my time. Still got the initial lottery ticket stashed away. Not that I think it will ever pay off. Enjoy the festivities.