ray dolby was a hero of mine as kid i still have a denon cassette deck in my audio system,still see the dolby trade marks on the deck
close on fri as options are expiring i said this woud run but the 75 options would unlikely be excercised.
the co must be worried about what been coming in the last month or so as wellas as other competitor wins
this reminds me of blackberry bbry had superior tech/security,great balance sheet,no debt,but limited sales,niche product and hope of adaptation,this is looking more like that,even the high degree of shorts in the stock,who likely will do some covering in here,im not saying they are the same but there are striking similarities,and of course fanatical shareholders who cant really see what happened.
i admit i blew it,i thought the report was good enough to actually provide a plus day,i underestimated how bad others wanted out,we are on a run rate to hit nearly 4 million shares traded thats called surrender,i chose to be optimistic.in some ways this is as bad as the day the co found out no verizen deal same type of volume
i think it digs in here and will eek out a close at 9,i expect a tug of war from here between throwing in the towel and the guys with a decade horizen,i doubt we will see new people coming in from here ,the tech story has been around now for a while and when they look at stock performance they will pass,can you imagine what would have been had the report been any bit worse.
fact is i did as some funds became free for me and oh yes this horrendous performer is trading at 8.91 keep adding you may see 12 someday,but not this year,thats off the table now that this is selling and on very big volume now
i think ill close out on the next run to 9.50 later this fall as i expoect a lot of longterm folks to throw in the towel,this report deserved a run to 10 and a close over 9.60 that failure tells traders theres zero hope for a break out anytime soon
the co has announce good but not great news,this co was priced at 12 last winter on the premise of a big vz deal,this co is pretty fairly priced when you plug in not getting the deal,it locked in a trading range and will be til they pull a game changing deal,you are conning yourself if you think differently,look at the evidence of today and the last 6 mos
2 years is instant gratification,lol,on the same week in oct of 2012 i bought fb,i bought nok 4 mos later,others also when is this no longer considered a good investment,its a tech stoch a mid cap growth,you expect better results,this year barring a surprise shareholders will be rewarded with a loss against a backdrop of a record seting mkt and competitors grossly out performing take a look at alu on july 31 to grasp the difference this,its not a complaint its a statement of fact.if today hasnt told you anything about the stock,not the co but the stock i feel sorry for you.at some pint ill eventually buy more but likely a cpl of years from now when it breaks 12 ,but the rest of this year is dead money.
the news was good enough not to see this go much below 8.50 on a crash,it simply is a road to nowhere having failed miserably to stay over 9.60 on a solid report with good but not great guidance
earnings were not blowout quality,they were very good,i agree that mgt has underpromised and than done really well,,the problem isnt that,its the wide gaps between info,its shortsellers its as one poster pointed out options institutions selling calls and buying puts all choking this stock.
i trade options in certain stock but not this one.you make a case,a good one as to why this wont go any further til something with the co changes,unlike say facebook where traders really run the show,whats been stunning here is how little interest there is as to why the stock acts as it does.im sure tamarac,barry,to a lesser degree byron and imagine are playing with their pom poms
i still have little idea of the quality of the infn custumer,its certainly not large carriers so are they getting niche players or govt,whats the consumer here,before you all go on a rant,there has to be a reason they are not getting big deals,does the co have enough manufacturing for something say 3 or 4 times larger than any deal they had before,is the ability to deliver on time an issue preventing this from moving forward.,as for the shorts,until the co trip,if it trips there nothing to short from here,in fact im guessing that most of the shorts ,shorted from here mos ago.
both are wrong,shorting makes no sense here the results were too good,buying makes no sense.look at the mkt response to the report,in short its a road to nowhere til the size and scope of deals get better.
earned what,the stock is acting as it should,the report was good but there was nothing in it to get this to sustainibly move once the ah traders were done,face it until thius gets a game changing deal this painfully slow growth in stock price will continue