Well, "North American smartphone OEM " is most likely Blackberry. yes, they still exist, and I think they are going to release a new model soon. I doubt Motorola counts as North American as it is sold to Lenovo.
"Asian handset OEM" is pretty much everyone else . There used to be 'North European smartphone OEM" which was bought Microsoft and then killed.
Good time to come back.
You're right, in percentages it's not that big drop in one day.
Total the 6 days drop was about 10%. And while we have today rally in the market it's just getting us back above lower BB. I don't know too much about 89 but I remember October 2008 downturn which went until to February 2009
Still historic event.
I read SWKS board - they have some good discussions about SWKS , NXPI , QRVO and AVGO . Sometimes they relate to them as '4 horsemen' as they are a group of semis that Apple depends upon.
There is a good TA guy there -- dilbert_twin and there are several good on fundamentals. One , dividendseeker, gave some good advice on staggering your entries and exits . i.e. don't try to hit the bottom in one scoop, split your bids in like 15% decrements. and the same with taking profit - don't try to exit on the top in one scoop , set it in lock steps. It's not a new strategy but he spelled it out well and it looks like he follows it .My guess, Rock is doing something like that in EMAN.
I'd say if you are not going all cash now you would be sorry soon.
I mean, EMAN, MVIS, VUZI and all our micro caps are probably ok as not too many funds owns them
but if you have any "safe" stocks - those are not "safe" anymore.
People talking that the worst will come in October.
Maybe you're in wrong stocks - invest in Goldmine Sux and other Leahman Brothers. They probably prosper from this manipulations.
Well, now on more serious note - so today was a dead cat bounce and it was very short.
Dow swinging 500 points everyday is not normal. Or maybe it is "new normal" and I am just too old.
This is too much for me as well. There is an easy solution - all SEC has to do is to ban high speed trading.
Or just create a special high speed trading exchange where algorithms can compete between themselves.
How much of effect would Avago have on SWKS ?
APPL-SWKS correlation seems rather lopsided - if APPL drops 2%, SWKS drops 4% but if APPL runs up 4%, SWKS would only run up 2%.
From my observation AVGO correlates with APPL even less than SWKS.
Any thoughts on AVGO effect tomorrow ?
Global market downturn would probably trump all possible correlations between the individual stocks.
Spin it how do you like it. It's a historic day by any means. It's already in wikipedia as the largest intraday Dow swing.
Stop blaming China. Or North Kore vs South Korea . or whatever else.
Janet has to go. Mary Jo as well. Probably even before Janet.
Here we go - someone already updated wikipedia that today marks the largest intraday Dow drop in in history. My kids are too young to participate in stock market but they asked how it compares to Great Depression. Well, I am too young for that comparison too but I told them it's on par.
I don't buy this fickle finger of blame pointing to China.
Why not to make up something else like North Korea vs South Korea escalation.
Janet has to go. Enough of discussion if her dress is dovish and guessing hints from her tone. She is not in control and she should admit it.
Mary Jo should go too - these wild rides are result of high speed trading which were allowed by SEC.
And then i have this strange feeling that crude oil price manipulations that were supposed to upset Putin and make him beg for peace somehow backfired. Duh.
Maybe it's some hidden trick from Dems - "Obama on vacations , market crashed. Obama returns , market recovers" but I doubt that message will be heard. Trump will only capitalize on these events. It's his waters.
Anyway, my kids asked how many stock brokers and bankers jumped off the windows today - I guess, this is how they measure if it's Great Depression v 2.0 or not . No compassion at all , what do they learn in schools nowadays ...
Yes, cheetah, you're making your money decision now and SWKS is not cheap enough even if it dropped 20%. You pretty much prove my point that relative to overall market it's not cheap . I am still almost 100% in stocks and for me decision to buy SWKS is decision what to sell to get cash. And I would have to sell cheap to buy cheap. And you're all right that this is an opportunity, and I took a nibble too on Friday .
very polite, you are.
Let me clarify myself - when you say SWKS is cheap at this level it means that when someone is going to make money spending decision it would be buying SWKS vs buying other stock, not buying SWKS vs buying car/ house/ milk and cookies. So one would measure buying opportunity relative to other stocks. Say, BA or APPL . I was trading BA a few times - it's nice channel stock bouncing between 135 and 150 and I would do different direction call spreads on the top and on the bottom. It's now at 131 , and in April I would jump into trade and now I am not sure and would like to wait . It would be more appropriate to compare SWKS to APPL and other stocks in the group , sector and market overall. if all semi are down 15% and SWKS is down 20% that's only 5% cheaper than others.
there is a video on yahoo right side called "Investor Business Daily" . I usually don't watch them but this one had SWKS in it. It's dated Aug 22nd and will be probably gone by Monday. it's a long video so skip to 16:50 where they start the game "Would You Sell This Stock' where they show different charts of SWKS at different times and ask "would you sell here? how about here ? etc " To me it looks like nothing special , just interpretation of charts of the past when you already know the outcome.
Anyone with better TA skills want to comment ?
This 20%+ drop looks much less if you measure it relative to nasdaq or SPX. In APPL shares the price of SWKS went up.
"liquid currency" as it was called back where I came from.
I thought that it would be bad today and yet still miscalculated and fall in the old "it's easy money now" trap. And I became wiser by a thousand bucks.
It looks like Monday opening will not be pretty as well. Although many things can develop over weekend - Greece should get new interim government, China may do some crazy stunt with yan.
Cheers everyone, listen to stockgrrl, she maybe wrong but her optimism is infectious.
Have a nice weekend
Not sure why you're arguing so strongly, thor202 sounds like a TA guy.
I think his point was that TA analysis basically reflects human behavior. Not that it was patterns or simple math calculations like RSI.
This actually brings interesting question of validity of TA as i think the majority of trades on the market are done by algorithms now. Surely, there are humans behind the computers but they are only giving overall directions of trades for a day or week or maybe longer, I'd assume.
It's not necessary a good thing for airlines.
Many of them hedge high oil prices by buying in advance and when price going down their hedge bet is working against them.
No. I sold some other security and should be all set for a while.
The whole point was that when someone is saying "it's a great buying opportunity right now" it's pretty much an attempt to time the market and we all know it's a rather futile exercise.
I admire dividendseeker discipline . And when dilbert_twin and stockgirrl say that this is a bottom based on such and such technical indicator it maybe a bs but it's on the level of how much you believe in technicals. But just blatantly say "this is a buying opportunity" is encouraging people to go all in for a sure win. Just because stocks hit new lows doesn't mean they won't go lower.
It's all "get rich quick" mentality. I know I prone to it myself.
The worst people on message boards are those who say that they are "long" and preach "buyout" at the same time. Buyout means "no more internal growth" .
Forget about me and margin ,don't change the topic .
It's either "best buying opportunity" or "stay away because market is terrible" .