actually i do understand what nintendo is worth but that doesn't mean the market does. i know overall that this company is great and that this is just its first blip in a very long and successful history, but i also know the silly perceptions surrounding the company.
reveals of amazing software and partnerships can make this stock go down where something as the illogical idea of nintendo putting their IPs on mobile to cannabilize their hardware sales make the stock go up.
i didn't feel like stomaching the ride and took off when i said i would. had i stayed i'd have been a little positive instead of ~600 down but i already made thousands back from purchasing another stock this last week
iirc in november or early december "2-6 months" was an expected range. i don't recall if that was from management or from someone else though
i remember someone saying "samsung actually shipped less this quarter than last even though sales were up", but i don't ever remember a more accurate description
on this stock, right now? no. i've actually changed my mind entirely - i don't want to ride this one at all. whether it's up or down tomorrow i'm walking away. i'll take the couple hundred dollar hit and leave.
i shorted at 15.60... right before all the positive news about the US dollar, shooting the price up to19 over a couple weeks.
the downward spiral was expected, and this is a bad situation for nintendo, but let's not go crazy with the random bashing. nintendo has tons of cash reserves and even though the Wii U is doing terribly, nintendo #$%$ company is not going anywhere for a long while
personally im gonna stay short until this goes to 13-11. no matter how the situation is, whenever there's positive news about the US dollar this stock shoots right back up, if only for a while
Do you have anything legitimate to add or is anyone who asks a couple questions a short/basher to you?
I currently hold no position FYI.
And that was just a rough number a threw out there to say "even if UDC makes 40 million in material sales, they still need to make another 12-14 million to hit their target".
UDC is basically saying they will make 52-54 million in material sales and I'm asking how they plan to do that?
I didn't say UDC would make only 10 million in material sales. I said they'd make 10 million MORE than last quarter.
"So being generous and saying UDC makes say an additional 10 million in material sales this quarter (to a total of 40 million)"
Did I say I know everything about OLED? No. Did I say I'm always 100% right? No, I even admitted a pretty big mistake. Am I perfect at what I do? No.
Am I trying to get a discussion going? Yes.
You know, you longs are just as bad as the shorts in terms of attitude. You don't think, you just try to attack each other and at the end of the day you both lose money when you hope for a stroke of luck that didn't go your way.
Heaven forbid people put their heads together to draw a logical conclusion and benefit through collaboration.
Remember summer time after this hit 38 and everyone was SO confident it would go to mid-40s and blindly held on? Wasted profit. Remember when this was at 39 a week or two ago and everyone was SO confident it would go even higher for a break out? Yeah, sitting at 33 again and more lost profit.
You are actually just leaving money on the table when you don't know when to cash out or buy back in. There is zero point to hold on at 30, watch it go to 40, hold, and watch it go back down to 30. I believe in the future of this company too but the ultimate goal for everyone in the stock market is to make the largest profit possible.
I wasn't aware I'm not allowed to buy back in after selling?
I'm not going to hold at 40 and watch it drop to 30. Likewise I won't miss my chance at 30 to ride it to 40. I just wanted to hear the thoughts of other people on the matter.
If you must know I very much plan to put a very large Long position in this company again. Just trying to figure out when. The LG deal is looming, after all.
Everyone in this thread needs to seriously calm down. I asked a pretty valid question and everyone starts jumping down my and everyone else's throats.
@armynutcase - Not helpful.
@Skimer - I sold at 37 already.
@druscilianai - "Quarterly #$%$ tactic"? What does that even mean?
@krimi58 - Yes that was my post and my decision but realistically I actually wasn't off by very much. "Really no matter what way I slice it, it's a 50/50 bet. The line between loss and profit this quarter is razor thin and there are too many variables to call it one way or another a couple million."
That's exactly what happened, I just chose the wrong side of the fence to be on. No one knew that they would sell +4 more million in material sales, or that they'd have 1 million less in miscellaneous expense reductions.
All I've done is ask a legitimate question and more than half the responses are emotional responses best suited for high-schoolers.
So when the guidance was raised to 142-144 million, there was a strong air of confidence from management that they would be able to reach or surpass that number easily, possibly only half way through this quarter.
Their total revenue for 9 months ending in Sept. was 97.161 million. 142-144 million subtracted by 97.161 million is 44.839 to 46.839 million. UDC will be getting paid 20 million royalty from Samsung, so now UDC has to make 24.839-26.839 million. Let's ballpark 2.5 million revenue from other licensing fees and Dev tech and support revenue and now UDC has to make 22.339-24.839 million from somewhere.
During their second quarter they came out above ~15 million only due to Samsung's 20 million payment, meaning they would have been down 5 million (mostly due to a 6.5 million income tax expense). During their second quarter they were up roughly 5 million, mostly due to an extra 3 million worth of material sales, and other monetary noise that was lower cost on average and a 1 million income tax benefit.
So being generous and saying UDC makes say an additional 10 million in material sales this quarter (to a total of 40 million), they still come up short roughly 12-14 million (or even much more if they get another income tax expense).
I don't know how they plan on reaching that guidance. Galaxy S4 isn't doing as well during the latter half of this year's remainder (only 40 million by end of October, expected to be 50-60 million by year end), but the Galaxy Note 3 has been doing pretty well (5 million at the end of October). A Note 3 Lite has been confirmed for Q1 2014 but I don't know if any materials will make it into the end of year results for UDC. The Galaxy Gear sold 800k around mid-November but UDC doesn't really make too much off those, do they?
So what's left? There's a rumour that Samsung is releasing Galaxy S5 in January 2014 now, and a new Galaxy J to be released the 9th of THIS December.
I'm a little skeptical if UDC can reach their guidance...
i'm all for good news about this company but if you're gonna talk about rumours at least cite a source (other than your butt)