Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Unxl was dropped from the index due to market cap constraints. Funds that replicate the Russell were dumping UNXL. Auto pilot type activity and held up fine.
Generally it gets overblown. Just some volatility.
Thanks, wasnt sure if this was today or Monday.
Yeah some re-balancing definitely happening; over 550k in volume
http://www.nasdaq.com/symbol/unxl/after-hours
And now the close. What a whipsaw. Unxl is a play toy for some HFs.
Do not underestimate how much Reed and co ticked off a bunch of people last year. They had a legitimate secondary at $32/share. Raising capital at over 4 times the current pps. Many of those same firms made good money on the short anyway but they still don't like being played. So I have come to expect this one to be messed with consistently.
Another SA piece was put out today. Sad, but the stuff plays into hk hands and gets nervous players to exit. The author lacks credibility (see previous "article" by the author essentially an interview w/ "expert" who turned out to be just another joe short). Note redistribution for the Russell index is near so the timing is not a coincidence.
I agree there is still risk but the "arguments" were poor. The premise of the firm is that their new process will be a profitable replacement to ITO. ITO is arguably selling at a loss while Uni will be selling at some margin. While pricing is decreasing they still have room for profitable sale.
The clients will be there if they can get the process completed.
Just finished the rest of the posted call. I was reading investor comments about terrible call and what not. Was a bit concerning. Don't know what they were listening to. Solid, conservative,and vendors are still very interested.
Would have loved analyst day set but that goes along with getting everything perfect. I think old hurt longs and gophers for the shorts can be the most delusional characters around and have much trouble staying level headed.
Stock had under 100M+ market cap before call. Some junk pennies with nothing but a PO Box are trading 200+ right now. These guys actually have cash on hand. They have a known company that is working with them to get this done. They have real interest from real companies to buy.
Not a sure thing, but finally on track. This is price fairly for a spec play, 150M until final confirmation wouldn't be out of the question.
You know its funny, Jeff is a rock solid engineer but is quite dry in his presentation. That matters not at all over time but may cost $1 a share on moves from time to time.
If Jeff had been in before, they would be producing and trading in the high 20s right now with steady climb.
Note, he is being very conservative in all his statements. They still dont have the final SEC release and know about all the past executive's mishaps. I have word that the yields are already better than you would expect. He wants this thing near perfect.
Many players still entering the tablet business. Microsoft is putting a lot into their tablet business. Intel looking for revenue streams and the standard players are still in. There is still much to profit if they can get this done. I would have liked to hear more detail on margin though.
It is unfortunate. It was distributed to over 4000 people and gets displayed in the news section with some popular sites. Really is a Hedge Funds playground.
Hit piece by Seeking alpha this morning. Eventually had the intended effect. Will be interesting leading up to this call.
Will scoop at 8 is it gets there.
Crushed it. Beautiful action.
Very nice action. In the GREEN on this position finally. Been a long, slow grind.
Hope to see the teens before the call. Crushed the 50 day and just barely broke the 100 day. Hope we hold that line.
Next up is the area in mid April following the CEO announcement. Looking to slowly unwind the calls in the next week and hold some to exp. Only wish I had loaded three times as many.
Don't know what to make of early announcement of an update call. The CEO is at least following through with commitment to update. I think they are still working on finalizing in Rochester. To replicate the production rumors in Texas.
Dumped half calls @ 1 from .10. Back to breakeven in the shares; finally.
I see we were about to run to HOD late afternoon until The Street put out a Hit piece about cash flow and negative eps. Yep, pretty common for pre-revenue stage but it had the intended affect. Want to hold 7 zone.
Looks like we got some covering. Anything change for the better with your indicators?
Shorts doing a good job of covering without moving us out of the bottom range.
Is 4.80 the 3 year low? I can't get the specific price date from 3 years ago. I know there were many days we closed over 5 in 2011.
Thank you for your insights. I will be selling calls every week in the mean time to make some income on the position.
Nice play. Wish I had noticed Unxl at 40. Ran way too far too fast.
Someone in TX told me about this small developmental company and at sub 10 I like their chances with most of the negatives factored in.
SK,
Do you have a larger core position or just swing trading the moves?
Was out, what happened after 12pm? Seemed to be trading fine then whacks from green to red.
Uni pixel was mentioned by name in the Kodak CC. The confusion lied in the other companies they are in business with. Kingsbury was mentioned with uni pixel. So how much of the revenue would be from Uni Pixel? That was the skeptics point of view. I do believe they will realize revenue in the 2nd half.
Agreed on the last point. The prior CEO was not technically savvy and cast much too wide a net. The focus on one product should speed up the finalizing of production. Start generating revenue and grow to more and bigger products. I do hope they are really pushing because the costs were a bit higher than I expected. I hoped the reduced legal costs would help the burn rate. Of course, that matters not if they already know production is imminent.
Just waiting. Not purchasing much more until we get some confirmation of a bottom. That chart should be framed in the previous CEO's office. Ive communicated with the company recently. I expect Hawthorne to address a few important issues.
I do not know where they are regarding clearance of the SEC issue. My sense is the CFO may be taken out of the real operations of the company.
I see some abnormal activity in the call options. Over $1 million in calls purchased recently. This is an interesting play.
Sounds good Swingking. Market cap is under 70 million. Good timing leading up to the CC. This is trading like they will continue to not get anything done. This could easily trade at 200 million as a speculative company if mgt, namely the new CEO, regains trust.
Hope we approach the secondary offering price above $30 in the winter of this year. Only been in this one since $12 and below, went in around stronger at 8 and again at 5.75. Would like to see breakeven in the next month.
Hadn't seen this
Was this not a sell or forfeit type of situation? It was at the end of the month.
Thanks for the charts. Trying to find that bottom. Think the CC and coming news will be better than expected. Will look for another 2k shares near high to mid 5s.
Might turn out to be spot on. Increased volume at the exact price level you mentioned.
Now we are outside the lower bb and oversold on a few other indicators. With the CC next week, hope the new CEO is ready to step up and lead. Need a new face of the company who is actually familiar with operations and mgt.
Looking for that bottom. Sold 30 $9 Calls @.10. Wish the options were more active while waiting for this one to turn.
Hoping we get capitulation soon.
Thank You. CC in a couple weeks so will be interesting to hear from the new CEO. Last guy Reed was over his head.
Been selling 30 Monthly Calls at 8 and 9 every few weeks and buying them back to make a bit of money on the position in the mean time.
Market cap is well under 100 million now. Do you see us carving out/finding a bottom in the next week?
Brought avg down to 8.30. I believe many are waiting and watching for SEC, upcoming CC, and update on manufacturing progress.
3400 avg @ 9.50.
Very good hire. Ask around, new CEO is well respected. Huge upgrade. He is moving from Silicon Valley to the Houston area for the job.
New CEO, litigation dispute over, new COO appointed, and new stock issues to the directors @ 8.50 points to potential good things.
Now get the SEC out of the way and start mass production. He's been working on things for the last month. Production focused CEO is exactly what they need.
5 SCTY 52.50s at .86; want to see a nice break below the 200 day.
Love the put plays
Thanks for the great information MM. I played the Spy puts at 189 based in part on your analysis; sold way to early on Wednesday morning for multibags.
Back in April 19 184s @ .85. Youve helped make anyone with an open mind a lot of money. Please keep it coming.
You were saying?
Hello Jimmy good sir. Is it too late to join the Ditto account? I understand it is for members. I have a funded account from the Ditto challenge last year and use it from time to time.
Rainer has potential civil action against him. I wouldn't trust a word of his nonsense. As far as Bennett, well he has dissapeared for good reason.
But Rainer, you told everyone this was an "incredible opportunity?" Lying again perhaps?
Sorry for any losses. Rainer Poertner is a large cause of this. Fortunately many started trading this and didn't buy long term in the last 6 months
Possible. Weighing the evidence on Rainer Poertner currently. Chuck kept sufficient distance to reduce risk.
Welder
Rainer and chuck sold you out. Lying, deceit, and theft are there only tactics.