Selling followed by more selling. Maybe senior leadership should get off the dog and pony circuit and start performing their business a little better. Or at least give the analysts something to cheer about. They aren't missing by much, but nobody is buying.
Novatel Wireless owns 63 technology patents related to wireless voice and data technology with 82 applications pending. Judging from recent stock price increases, they must have some value.
This company has lots of patents. Any value there?
The history has been to under perform but plenty of sales and no profits. Maybe they can sell the patents for some change.
Nice pop when Zacks reiterates the same news story a day later. Second time is a charm?
I think not. This stock is like many others. The price is manipulated by those that can. Lower price, high retail investor ownership, new management or reasons for improved outlook. They buy in large quantity to raise the price to higher highs giving the retail investor hope that they have hit a home run. Then between earnings reports, they short the stock to capture their profits and shake the tree to scare out the weak handed retail investor. Then buy back to cover the short and repeat the cycle. Buy low, sell high. Sounds pretty easy so can someone tell me why this could not be the case?
Take a look at GTAT. Three round trips between $13 and $19 since March. Look at past years on this stock. Like an ATM for the manipulators that can pull it off. The little guy who thinks his stock should go straight up is reluctant to sell as it goes down because they truly believe that the drop is just a short term event. The big guys just keeps shorting to achieve a predetermined low then repeat the process by buying back big. Did you see Trading Places? Sell Mortimer, sell!!!! The market, because they can short with no uptick rule, puts the little guy at a disadvantage unless you can anticipate the planned movements of these stock price manipulators.
Three trips from $19 to $13 since March of this year. Like watching a PGA commercial "these guys are that good!"
“Apple Pay has transformed mobile payments in a way that our clients will love, and will have an impact on the industry like never before,” said Frank Bisignano, First Data’s Chairman and CEO. “We’re thrilled to bring First Data solutions to support Apple Pay, along with the financial institutions, merchants developing apps and consumers to provide an easy, safe and secure way to pay with a single touch.
Stock price manipulators work this thing like a yo-yo. The little guy doesn't have a chance other than be nimble and never fall in love with the fundamentals. Take a look at KKR....they own First Data the partner in Apple Pay.
My apologies....."On September 24, 2007, First Data was acquired by an affiliate of Kohlberg Kravis Roberts & Co. and became a private company." You are absolutely correct. As soon as others due their DD, we should see the price of KKR go higher. From their website "First Data’s support of Apple Pay marks another milestone in First Data’s transformation from a payments processor to a solutions provider. “Our overriding purpose is to help clients grow their businesses, and a key driver of that is through technology allowing card issuers and merchants, large and small, to bring new payment options to their customers, including revolutionary trends in mobile payments,” Bisignano added. “Staying ahead of these trends, as a grand collaborator, we are also giving developers tools they need to quickly and easily code and enable online and mobile payments, including Apple Pay.”
Understandable....hard to repeat the returns they have been able to deliver recently. Selling stuff they invested in 5-7 years ago when everything was on sale.
Seeing some nice buying volume at the close, but this doesn't look like enough to heading into tomorrow to change to downward trend of the price. Could be some more down side into tomorrow. Not to optimistic in the short run. They have a proven record and the dividend should still be good next quarter. Holding and buying some has it goes down. Hope it's not insiders selling here. Would be nice to see some insider buying at these levels.
Just a guess and not the type of guess to buy on. Needs to get through 22.50. The volume is low on this bounce so we want to see a big order to confirm move up.
My guess is there is a large holder that is selling their position down or a large buyer that gave the order to the MM and they are clearing out stops to fill the order. If that is so, should see a big pop before the close on big volume
My theory is that there would be a positive correlation between volume of Yahoo message board negative messages and short volume. Has anyone seen any research on this thesis?