No liquidity AH, but stock action tends to follow AH action so I'm giving this a stab...
Gap down around $5.9 followed by a dip to $5.5, and back up next week tp $6.25 for a gap fill. Looks like a sell the news type event, but earnings were pretty good, so no reason for a tank.
In fact, revenues increased 10% Q/Q, and next quarter includes Christmas when a lot of people buy phones...
Not sure if today's AH action is indicative though, someone tried to dump 20k shares into no liquidity. Funny thing is that earnings were better than last quarter and it hit $6.6 last time.
I guess we'll find out tomorrow.
Gap down around $5.9 followed by a dip to $5.5, and back up next week tp $6.25 for a gap fill. Looks like a sell the news type event, but earnings were pretty good, so no reason for a tank.
In fact, revenues increased 10% Q/Q, and next quarter includes Christmas when a lot of people buy phones...
Not sure if today's AH action is indicative though, someone tried to dump 20k shares into no liquidity. Funny thing is that earnings were better than last quarter and it hit $6.6 last time.
I guess we'll find out tomorrow.
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Less than 50k shares traded AH, one big 20k block @ $5.60. Less than 5% of average daily volume.Still not sure AH action means anything other than there is definitely support at $5.5 range even AH.
Gonna stop worrying about it and get some rest. Later.
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If the speculators sell off and drop this below $5, I'm throwing some in my 401k as long term hold. This heads back to $6.8 next earnings which includes Christmas (cell phone purchases).Nota
So I was out hunting today, got my limit of snow geese early (west coast). Come back and find this at a bargain basement price of $5.25. Tripled up on $5 calls, and bought 8k share.I sold the stock at $5.65 average, and kept the calls for next week. Dumping most of it at the gap fill.
My prediction is that we get a gap fill, some weakness then to $7.5.
10% revenue increase Q/Q, P/E less than 20, forward P/E 17, ridiculously high margin. Bought 2k shares for 401k long term at $5.35.
If you chart the intraday, it got oversold one the one and 2 hour charts with huge MFI divergence. Plus they beat handily. Idiots with huge blocks sold way to early without splitting their blocks, can;t do tat with low float stocks like I said yesterday. I split my 10k shares into 1k blocks. These idiots were throwing 20k blocks into the ask.
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Finished the day even, wish I had sold the calls and 2k shares I was holding on open.Holding Nov $5 calls, they were giving them away at $.53 when I got home.
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Obviously dipped farther than I expected, I watched the trading volume, and the 1M buyers from yersterday had to unload before it could go back up.But hey, if you bought at or below $5.5 and sold at the end of the day, you would have still made money.
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