Found defect in the shipped product,
Sometimes it happens.
From the same 8K:
"The Company believes that upon completion of its review and with concurrence of the applicable customers, anticipated shipments of the Company's products to such customers will resume shortly. "
I did some search on google on "wire bonding failures" and the page from "silicon far east" has some good explanations.
I think it's something like this one :
" 2) Presence of Contaminants
The presence of halogen contaminants on the bond pads can cause the bond pads to corrode in the presence of moisture. Corrosion per se is a major cause of bond failure as the bond and wire are eaten away. The formation of corrosion byproducts are harmful too, especially if already present at the time of bonding, since these can impede the sticking of the bonds onto the bond pads. The presence of other types of contaminants on the bond pad such as unetched glass or silicon dust also impede proper bond formation between the wire and the bond pad.
Contaminants on the lead fingers where second bonds are formed likewise cause weak bonds, or even non-sticking. Such contaminants include residual plating bath components as well as metallic impurities. Organic contaminants in raw leadframes are a common issue too."
That would explain why displays would pass QA but then a few months later they would start failing.
If I understand the eMagin manufacturing right, the wire bonding failure cannot be fixed easily because the final product is sealed. Breaking the seal/ fixing the bond/seal back process would mos likely require re-certification
from customers and maybe it's not worth it.
From company's comment about "will resume shortly" it sounds like the problem is already solved and it's just verification with customers that need some time.
Americans invented the game of "chicken" - when 2 guys drive straight into head-on collision and whoever swerves first is a "chicken". It's stupid game. It's even more stupid to play it against the inventors of "Russian roulette" .
Going back to the topic of EMAN - I hope that recent events would show that the non-monetary cost of sequestration would outweigh the savings du-jour. Of course, nothing would save the Q1 and probably Q2 with the speed congress moves. Maybe Q3 will see some military contract expanding.
Just when I decided to get into IBM I stumble upon old Garce.
Well, I throws my 2 cents into the pile
I think IBM is "channel stock" - a year ago it was trading in 185-210 range and now it's in the 172-187 range.
Momentum indicators (RSI, MFI) are getting into overbought area. last year 185 was support level but it broke through this year and the usual "old support = new resistance" seems to be part of the game.
So if it get's into 175 area it's buy , right now I am not so sure. As of overall trend - IBM is spinning of more and more hardware business. First, it was storage, then laptops , now the rest of x86 business. Those sources of revenue are getting replaced by services but it's not a growth story as I see it.
I quoted just published SEC filing and guidance they provided today.
Panelized is the shameless pamper no better than rich701 basher.
This board degraded a lot. I thought Sidney was obnoxious but he at least can talk technical stuff and options. Panelized is just a waste of bandwidth.
you are idiot.
Sue quoted the SEC filing;
" 2014 Guidance
Although the OLED industry is still at an early stage where many variables can have a material impact on its growth, and the Company thus caveats its financial guidance accordingly, the Company believes that its revenues will be in the range of $190 million to $205 million for fiscal 2014.
Tried to post it before and yahoo swallowed it
Reported short interest on 2/14 is about 180k - less than in December of 2013 and considerably less than on 1/31
So it looks like some shorts think it won't go down anymore.
An update :
and couple previous numbers to compare
So it looks like some shorts think it's bottomed.
And of course, as always, someone knows something
Sounds like many longs have their alert settings on 7% up and it surely woke them up.
So what happened with FCEL?
Nothing - just guilty by association .
I like the trend and I want it continue but :
- All momentum indicators are showing oversold (RSI, Slow Stoch, MFI)
- How many quarters they beat the estimates in last couple years ?
- We all know what would kick the short squeeze and really propel this stock (to 5+) . And that will not happen this quarter , anyone who listen to or read transcript of last CC knows it.
- Shorties are not armatures, it's usually hedge funds with seriously deep pockets and fast computers connected directly to exchange. They have trading algorithms to take fire out of short squeeze. Unless of course other hedge funds want short squeeze to happen.
So the bottom line - it may run for another week and I hope it will break 2 but then the PLUG news will wear off and harsh reality of missed earnings again will bring it down. Hopefully, it will be a new support level.
And another note - I have this stock for quite long time , I witnessed previous crossing of 2, and as far as I can remember it always leaks the numbers. Which doesn't surprise me - CT is not only home for FCEL, many hedge funds are there too, neighbors chat . Watch the action on the day before.
It's a good news
But don't celebrate too much yet.
EGHT went up today because of speculation that on 28th (or March 1st) all index funds and etfs would have to buy it. It will most likely go down back to about 10.
I had it with GRMN when it was added to SP500 .
Fund managers don't have to buy in loads and on the day of inclusion in the index. They will rebalance their portfolios but they have about 3 month to do it. It would be easy money otherwise.
And many of them don't trade in open market anyway.
The point on exposure is really the most important one, imo.
Anyway, it's a good news for long investors and it jolt the blood pressure of speculators but don't be surprised if you see 9.95 back in 2 weeks.
Do you mean "loaded up on ECTE at $2" before the RS (e.g. in 2012) ?
That was a heck of "annual return".
DXCM insiders are making money on the stock - you're welcome to join the party.
Don't pretend that ECTE insiders are saints. If ECTE would make 52 week high they would sell too. They don't sell because they don't have any worth of selling .
Yeah, stick with insiders - make money like DXCM ones do, or keep the worthless stuff like ECTE's one do.
Buying before earnings is gambling.
I agree with rt that DXCM is a solid company - buy it when there are no news and when you have clear mind on what you're doing. You may get a lucky strike tomorrow but it's the way to get broke eventually - you will get emotional and money ain't worth any emotions.
It will probably jump tomorrow, then it will drop and move sideways and then it will start growing again . And the other thing - it's not so much about when to get in but rather when to get out.
they sported 15% run in last 3 days - about 10% at the top today on Pupil showcase + 5% on rumors/leaks couple days ago.
C'mon, eMagin , show something .
The earnings are on 3/11 , the run-up starts usually 2 weeks before - there is one more week at least for side trading.
Although, I wouldn't presuppose pre-earnings premonition this time on the premise of pre-release of precarious numbers .
Any options guru can make sense out it ?
Feb 32 Put - 600 @0.20
Feb 33 Put - 200 @0.40
Mar 34 Put - 800 @.2.95
on my etrade graph all 3 trades were at 11:22 am so it was one complex trade.
Total option volumes are a bit more because other traders chipped in.
Looks to me like someone traded 800 Feb 32 and 33 Puts and 800 March 34 Puts . If he/she bought Feb puts and sold March puts that's quite bullish strategy with break even around 34.80.
Anyone want to take a stab on this option strategy ? That's about $216k trade.