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It's amazing how MM'S are allowed to get away with such manipulative trading. It's also very frustrating as an investor to watch. But What can we do right!!! If I didn't truly believe their are great days ahead for Spansion, then I wouldn't still be invested in it:) IMO
Good morning all! Hopefully we we get some nice PR this week that will send SPSN to the moon:)I think we will see a close in the green today. The only question is.....HOW GREEN? IMO
GLTA:)
LOL....I went on to Vectorvest for Shits & giggles to get a Stock Analysis of Spansion. According to Vectorvest SPSN is overvalued @ 0.19 and has a current value of 0.06 per share. Here is that report.........
VectorVest Stock Analysis of Spansion Inc as of 4/9/2009
This report has five major sections.
Capital Appreciation Analysis
Dividend Analysis
Price-Volume Data
Sales / Market Capitalization Information
Summary
Business: Spansion Inc, (SPSN) Spansion, Inc. engages in the design, development, manufacture, and marketing of flash memory products and solutions worldwide. The company's flash memory products are integrated into a range of electronic products, including mobile phones, consumer electronics, automotive electronics, networking and telecommunications equipment, personal computers, and personal computer peripherals. It sells its products to original equipment manufacturers and third-party distributors. The company was founded in 1993 and is headquartered in Sunnyvale, California.
Business Sector: SPSN has been assigned to the Electronic Business Sector. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors.
Industry Group: SPSN has been assigned to the Electronic (Semicndtr Mfg) Industry Group. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors.
Capital Appreciation Analysis Back to top
Value: Value is a measure of a stock's current worth. SPSN has a current Value of $0.06 per share. Therefore, it is overvalued compared to its Price of $0.19 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock's Price and Value always will converge.
RV (Relative Value): RV is an indicator of long-term price appreciation potential. SPSN has an RV of 0.37, which is very poor on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00.
RS (Relative Safety): RS is an indicator of risk. SPSN has an RS rating of 0.54, which is poor on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database. VectorVest favors the purchase of stocks of companies with consistent, predictable financial performance.
RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock's price trend. SPSN has a Relative Timing rating of 1.91, which is excellent on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements over one day, one week, one quarter and one year time periods. Once a stock's price has established a strong trend, it is expected to continue in that trend for the short-term. If a trend dissipates, RT will gravitate toward 1.00. RT will explode from bottoms, dive from tops, and reflect changes in price momentum. VectorVest favors the purchase of stocks with RT ratings above 1.00.
VST (VST-Vector): VST is the master indicator for ranking every stock in the VectorVest database. SPSN has a VST rating of 1.24, which is good on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capital appreciation. VectorVest advocates the purchase of safe, undervalued stocks rising in price.
Recommendation (REC): VectorVest gives a Buy, Sell, Hold recommendation on every stock, every day. SPSN has a Hold recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. VectorVest recommends that investors buy high VST-Vector, Buy-rated stocks in rising markets.
Stop (Stop-Price): Stop is an indicator of when to sell a long position or cover a short position. SPSN has a Stop of $0.10 per share. This is $0.09 below SPSN's current closing Price. A stock's Stop is computed from a 13 week moving average of its closing prices, and is fine-tuned according to the stock's fundamentals. High RV, high RS stocks have lower Stops, and low RV, low RS stocks have higher Stops. In the VectorVest system, a stock gets a 'B' or 'H' recommendation if its Price is above its Stop and an 'S' recommendation if its Price is below its Stop.
GRT (Earnings Growth Rate): GRT reflects a company's one to three year forecasted earnings growth rate in percent per year. SPSN has a forecasted Earnings Growth Rate of -11.00%, which VectorVest considers to be very poor. GRT is computed from historical, current and forecasted earnings data. It is updated each week for every stock in the VectorVest database. GRT often foretells a stock's future price trend. If a stock's GRT trend is upward, the stock's price will likely rise. If GRT is trending downward, the stock's Price will probably fall. VectorVest favors the purchase of stocks whose GRT is rising and is greater than the sum of current inflation and interest rates, (7.24%).
EPS (Earnings per Share): EPS stands for leading 12 months Earnings Per Share. SPSN has a forecasted EPS of $-2.81 per share. VectorVest determines this forecast from a combination of recent earnings performance and traditional fiscal and/or calendar year earnings forecasts.
P/E (Price to Earnings Ratio): P/E is a popular measure of stock valuation which shows the dollars required to buy one dollar of earnings. SPSN has a P/E of -0.07. This ratio may be deemed to be high or low depending upon your frame of reference. The average P/E of all the stocks in the VectorVest database is 85.42. P/E is computed daily using the formula: P/E = Price/EPS.
EY (Earnings Yield): EY reflects earnings per share as a percent of Price. EY is related to P/E via the formula, EY = 100 / (P/E), and may be used in place of P/E as a measure of valuation. EY has the advantages that it is always determinate and can reflect negative earnings. SPSN has an EY of -99.00 percent. This is below the current average of 1.18% for all the stocks in the VectorVest database. EY equals 100 x (EPS/Price).
GPE (Growth to P/E Ratio): GPE is another popular measure of stock valuation. It compares earnings growth rate to P/E ratio. SPSN has a GPE rating of -162.69. High growth stocks are believed to be able to justify high P/E ratios. A stock is commonly considered to be undervalued when GPE is greater than 1.00 and overvalued when GPE is below 1.00. Unfortunately, this rule of thumb does not take into account the effect of interest rates on P/E ratios. The operative GPE ratio of 1.00 is valid when and only when interest rates equal 10%. With long-term interest rates currently at 7.04%, the operative GPE ratio is 0.50. Therefore, SPSN may be considered to be overvalued.
Dividend Analysis Back to top
DIV (Dividend): VectorVest reports annual, regular, cash dividends as indicated by the most recent payments. Special distributions, one-time payments, stock dividends, etc., are not generally included in DIV. SPSN does not pay a dividend.
DY (Dividend Yield): DY reflects dividend per share as a percent of Price. SPSN does not pay a dividend, so it does not have a Dividend Yield rating. . DY equals 100 x (DIV/Price). It is useful to compare DY with EY. If DY is not significantly lower than EY, the dividend payment may be in jeopardy.
DS (Dividend Safety): DS is an indicator of the assurance that regular cash dividends will be declared and paid at current or at higher rates for the foreseeable future. SPSN does not pay a dividend, so it does not have a Dividend Safety rating . Stocks with DS values above 75 typically have RS values well above 1.00 and EY levels that are much higher than DY.
DG (Dividend Growth Rate): Dividend Growth is a subtle yet important indicator of a company's financial performance. It also provides some insight into the board's outlook on the company's ability to increase earnings. SPSN does not pay a dividend, so it does not have a Dividend Growth rating .
YSG (YSG-Vector): YSG is an indicator which combines DIV, DY and DG into a single value, and allows direct comparison of all dividend-paying stocks in the database. SPSN does not pay a dividend, so it does not have a YSG rating . Stocks with the highest YSG values have the best combinations of Dividend Yield, Safety and Growth. These are the stocks to buy for above average current income and long-term growth.
Price-Volume Data Back to top
Price: SPSN closed on 4/9/2009 at $0.19 per share
Open: SPSN opened trading at a price of $0.22 per share on 4/9/2009.
High: SPSN traded at a High price of $0.22 per share on 4/9/2009.
Low: SPSN traded at a Low price of $0.17 per share on 4/9/2009
Close: SPSN closed trading at price $0.19 per share on 4/9/2009. (Close is also called Price in the VectorVest system)
Range: Range reflects the difference between the High and Low prices for the day. SPSN traded with a range of $0.05 per share on 4/9/2009.
$Change: SPSN closed down 0.03 from the prior day's closing Price.
%PRC: SPSN's Price changed -13.64% from the prior day's closing price.
Volume: SPSN traded 17,977,101 shares on 4/9/2009.
AvgVol: AvgVol is the 50 day moving average of daily volume as computed by VectorVest. SPSN has an AvgVol of 6,357,546 shares traded per day.
%Vol: %Vol reflects the percent change in today's trading volume as compared to the AvgVol. %Vol equals ((Volume - AvgVol) / AvgVol ) * 100. SPSN had a %Vol of 182.77% on 4/9/2009
CI (Comfort Index): CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines. SPSN has a CI rating of 0.27, which is very poor on a scale of 0.00 to 2.00. CI is quite different from RS in that it is based solely upon a stock's long-term price history. VectorVest advocates the purchase of high CI stocks.
Sales / Market Capitalization Information Back to top
Sales: SPSN has annual sales of $2,466,000,000
Sales Growth: Sales Growth is the Sales Growth Rate in percent over the last 12 months. SPSN has a Sales Growth of -3.00% per year. This is very poor. Sales Growth is updated each week for every stock. It is often useful to compare Sales Growth to Earnings Growth to gain an insight into a company's operations.
Sales Per Share (SPS): SPSN has annual sales of $15.31 per share. SPS can be used as a measure of valuation when comparing stocks within an Industry Group.
Price to Sales Ratio (P/S): SPSN has a P/S of 0.01. This ratio is also used as a measure of valuation. Here, too, it is useful when comparing stocks within an Industry Group.
Shares: SPSN has 161,000,000 shares of stock outstanding.
Market Capitalization: SPSN has a Market Capitalization of $30,000,000. Market Capitalization is calculated by multiplying price times shares outstanding.
Summary Back to top
SPSN is overvalued compared to its Price of $0.19 per share, has below average safety, and is currently rated a Hold.
The basic strategy of VectorVest is to buy Low risk, High reward stocks. We suggest that Prudent investors buy enough High Relative Value, High Relative Safety stocks to keep the overall RV and RS ratings of their portfolios above 1.00. As you do this, you'll find that your risk will go down and your investment performance will improve.
Will Micron Technology use the cash $450 million it pockets from its stock and debt sale to snap up struggling memory makers?
Micron said Tuesday that it planned to sell $250 million in common stock and $200 million in convertible senior notes, and Barron’s Tech Trader Daily blog noted that at least one analyst is betting that Micron, the biggest U.S. producer of computer-memory chips, may go on a little shopping spree with the fresh capital.
The offering “would provide Micron with the flexibility to take advantage of potential near-term opportunities to acquire attractively valued distressed memory assets and/or participate in M&A opportunities, ” Barron’s cited Broadpoint/Amtech analyst Dinesh Moorjani as writing in a report.
Mr. Moorjani apparently likes Qimonda and Spansion, among others, as possible targets.
TAIPEI (Dow Jones)--Nanya Technology Corp. (2408.TW) said Thursday its partner Micron Technology Inc. (MU) has informed the company that it won't cooperate with Taiwan Memory Co. for technology development.
The move is a major setback for Taiwan Memory, a new chip company being established with government funds in Taiwan, as it has sought to secure key technology from the U.S. and Japan to enhance competitiveness in manufacturing dynamic random access memory chips for personal computers.
"We are afraid that joining Taiwan Memory will risk losing some of our technologies to Elpida," said Fred Fishburn, an official appointed by Micron to serve as assistant vice president of technology and product engineering at Inotera Memories Inc. (3474.TW).
Inotera is a 50-50 joint-venture of Micron and Nanya.
Instead, Fisburn said Micron will pursue closer ties with Nanya and Inotera for technology development.
Boise, Idaho-based Micron had been in talks with Taiwan Memory for possible technology cooperation. But last week, Taiwan Memory chose Elpida as its technology partner.
John Hsuan, a chip industry veteran appointed by the Taiwan government to set up Taiwan Memory, had said previously that it would still continue talks with Micron despite a deal with Elpida. In a statement Tuesday, Hsuan said he respects Micron's decision.
Nanya Chairman Chia Chau Wu said at a press conference the company still hopes to get government funds. Nanya had submitted a proposal for financial aid from the government in February.
"We hope the Taiwan government will offer us the same support it gives to Taiwan Memory," said Wu.
Wu said both Nanya and Inotera, which have posted hefty losses due to a plunge in chip prices, will get financing from Nanya's parent company, Formosa Plastics Group.
But "we need the government's help to accelerate our technology development," said Inotera President Charles Kau.
Micron and Nanya have an exclusive 10-year agreement in joint technology development that includes 30-nanometer chip production.
Nanya and Inotera plan to gradually convert their production technology to more advanced 50-nanometer technology licensed by Micron starting August, from current 75-nanometer and 68-nanometer technologies, Kau said.
Micron and Nanya plan to set up a production technology research and development center in Taiwan focusing on 18-inch wafer related technologies, Wu said.
In addition to commodity dynamic random access memory chips, Micron plans to develop other products such as NAND flash memory chips and specialty DRAM chips in Taiwan, Fishburn said.
MU turned down acquisition talks today with Taiwanese company...
paring down possible competitors to our baby SPSN.
Interestingly, MU has a hold everywhere, except in NOR tech market.
They are already dominant in NAND tech, so probably wouldn't be too
interested in buying smaller NAND competitors as the competitors are
already struggling to maintain biz while MU is solid. Were MU to
acquire SPSN they would get an amazing deal to acquire pre-eminent
market position in a specialized industry that whose products will
become ubiquitous GLOBALLY in the next 5-10 years.
Assuming buyout...
Yes Markets will be open Monday.
Where are you getting this rumored/speculation that Samsung is making an offer for Spansion?
For whomever didn't read the news today on the SEC OKs effort to limit short sales
Agency considers five approaches to bring back uptick rule, but it prefers one.
Under pressure from lawmakers and financial institutions, the Securities and Exchange Commission on Wednesday approved the release of five different proposals for reinstating the uptick rule, a provision that would limit short selling.
5 proposals
One approach the agency is considering would be to simply reinstate the uptick provision removed in 2007. The SEC is also asking the public to comment on four variations.
Another approach bears a resemblance to old uptick rule, but it would allow short sales only after a potential buyer bid at least a penny more than the company's stock price. This bid test is different than the original uptick rule because it would allow a short sale after a higher bid rather than a higher sale price. For technological and implementation reasons, the SEC staff indicated that it favored this approach over reinstating the old uptick regulation.
Three other proposals, known as "circuit breaker tests," would limit short selling for the duration of one trading day once certain triggers were met. One provision would ban short selling outright in a particular security if there were a 10% decline in its stock price, according to the agency. The ban would be in place for the remainder of the day.
The agency also proposed two other similar "circuit breaker" tests. One would reinstate the uptick rule for a particular security, for the duration of one trading day, if there is a 10% decline in its stock price. With another approach, a stock that experiences a 10% price decline would have a bid-test uptick rule that would only allow a short sale at a price that is above the highest available bid.
Advantages of the bid test approach
Eric Sirri, the outgoing director of the agency's division of trading and markets, told commissioners that the bid test rule would be significantly easier to implement, in part because of technological reasons, than reinstating the uptick rule as it existed until 2007.
"Today's markets are faster, they are more efficient, they are more electronic," Sirri said. "The bid test works better because there is one price that tends to stay constant for a fixed period of time. The uptick is history, it's a price at which the last trade occurred."
Sirri said it is often difficult to accurately determine the last trade: "There is a problem in getting an accurate uptick price to you because you can have hundreds of trades a second and there are several markets combining and aggregating, in a way today that may mean its hard to find the last trade."
Reinstating the uptick rule, as it existed until 2007, could also be technologically difficult to implement. Sirri said the agency removed the uptick rule at the same time as it approved a sweeping technological modernization plan. Sirri said agency staff believes that a bid test would be easier and quicker to apply in today's market.
He added that the three circuit breaker approaches would be easier to implement than any across-the-board uptick rule, and could be approved more quickly.
Some concerns about the proposals
An SEC official said the agency may consider approving a combination of the bid test uptick rule and the provision that would ban short selling in a particular stock for the remainder of the day if the corporation's stock dips 10% or more.
Kathleen Casey, a GOP commissioner, said she supported doing something, but she worried that each of the five measures could have unintended consequences, such as having a negative impact in an "advancing market."
Luis Aguilar, a Democratic commissioner, said he supported the measure but wished it went further. He said any new uptick rule would have the impact of pushing short-sellers from established exchanges into the unregulated markets, such as credit default swaps, or cash-settled equity swaps, which are part of the shadow derivatives market.
"Without comprehensive regulation we could shift activity from regulated to unregulated markets," said Aguilar. "Some market participants will move to swaps or other products that are not subject to SEC review."
Interesting.....Thanks for that post:)
I couldn't agree more with you scel20. I believe that all of our paydays are just around the corner. IMO
GLTA
Well, I'm hungover and perhaps a little edgy at the moment. Nevertheless I Just don't understand the negative chants for it to tank when theirs a lot of people on here with positions in Spansion.
Maybe we all should just be chanting positive a little louder than you:)
I don't mind hearing different views and opinions/insight be it positive or negative, but to just cheer....LET IT TANK??
Doesn't matter you'll say what you wanna say regardless. I'll just ignore/block you.
HAVE A GOOD DAY:)
Hey Mt.Blanc
It sounds to me you either a shorter of SPSN or you're pissed that you missed the boat on getting in early....Which is it???
Or you may just have nothing to do with your life but go around to boards and bash stocks and piss off investors.
I know......Incredible that this hit as high as 0.499 in premarkets & were @ .22 after 30 min of trading?
Buying more @ .22:) GLTA
Yep, I'm looking to add more:) Last week this almost hit .20 just on speculation of some positive PR. With this news we should bounce a lot higher today and into the coming weeks. IMO
Agreed.... A lot of profit taking is to be expected seeing how this was trading under 2 cents a month ago.
Welcome & Good luck to you hero86:)
I hear you on that.....But I really don't know what to expect in the first hour. I didn't think we would drop from the AH close of 0.32 in premarket & we did. It's never a bad idea to take some profits of the top & then rebuy after you see a drop. GL
DING DING DING....Here we go.......GLTA
If you don't plan on selling in the first 30 min....Then I suggest you don't watch.lol Might give you a heart attack.
Man I haven't been this excited since I was a weeeee boy on x-mas morning.hehe
Well @ .30 that's a 120% jump from previous close. I hope this rockets to the moon, but @ .50 would be almost a 300% increase. I don't think we'll see it close higher than .40 @ a 200% gain for intraday. IMO
any thoughts???
WOW, It's only 8:30 and look @ the volume & the swings it's taking in the premarket. Today is going to be a very bumpy ride.IMO
I want to get out then back it @ some point today. I Wonder if we'll see the 0.48 mark again. That's the highest I seen in the premarkets this morning. Anyone see higher???
I gots to trade this like a ninja today:)
GLTA
LMAO
MMMMMMMMMMM......FLASH MEMOOOORYYYYY!
Man I'm still drunk @ 7:30am.....I'm going to lie down for a bit.
I need to be alert & thinking clear today. Anyone out there with a crystal ball who can tell us what the HOD will be?
Good Morning Utmost & to all the newbies:)
I got home late last night after celebrating the good news + I Didn't get much sleep.....
I can't believe how much This board has come alive since the last few trading days When It was just myself & utmostbastard & 714trader trying to keep hope alive:)
Nice job 714trader on NOT pulling the trigger on SPSN yesterday.
Welcome to all.... IMO Their is no doubt That Today is going to be a Fantastic day for Spansion. I guess the question is just how fantasic will it be?
GLTA
I have to step out again, maybe when I get back later their will be more great PR & this will be @ $1. lol
See you all later:)
Theirs no doubt I'm also having a toast tonight to celebrate the good news. CHEERS:)
Yep, very positive for the future of Spansion.Nice job on holding some of you're position. Payday is just around the corner.:)IMO
Wow...I didn't know this had hit 0.26 15 min ago. Hopefully that will look cheap after tomorrow:)
lol.Yeah I didn't see the news until I checked the Quote and saw the bid & ask @ 0.21x 0.023x I went to IHUB right away and checked the board and seen you're post with the PR.
No way am I sleeping tonight:)....I have a lot invested in this baby @ an average price of 0.105
GLTA
Everybody sing with me now.....Glory glory hallelu......Glory glory hallelu.lol
I had a feeling something was up.....YEEEEEEES
Congrats to all that bought or held, should be an exciting day tomorrow:)
GLTA
Damn I got to go........Going to miss the last 30 min of trading. Hope we finish in the green today:)
I agree... frustrating to watch. These F#@$ers will get whats coming to them soon enough. IMO
Like my papi used to say......"What comes around goes around"
AMEN to that:)
LOL.....I wouldn't be surprised. I'm happy I dumped @ .78 today
I still don't fully understand why such the spike up. I was looking to maybe.....MAYBE at best double when I got in @ 0.22.
I just don't understand all the buys @ those high levels today.
Did people really think this was going well over a dollar???
Maybe it will....Who knows:)
GLTA
Couldn't agree more with you on that utmostbastard. Nothing new and to be expected. But like I said they can only try for so long.
Well 714trader,
If you don't like what you see and you're not comfortable with you're position in SPSN then you shouldn't stay in. The minute I have any doubts or feel I don't believe the stock will move forward in any of my positions when investing, I THEN SELL. JMO
GLTA
You also have to keep in mind that 1 month ago that SPSN was trading under 2 cents with average volume of only 3 million shares.
For the last 6 trading days we have averaged a closing price of 0.125 with an average of 18 million shares traded.
PATIENCE......IMO Their is something cooking & it aint my wife's meatloaf.hehe
If yesterdays bounce back was a false run then we should have seen a big sell off today. If we see this go down below the .10 mark again I would stress for concern. But I believe were seeing a new base @ .14 - .15 range readying for the next leg up. JMO
The MM's can only try and push this down for so long. If she wants to go up.... She will. IMO
Their was a lot of big money buying in yesterday between 2-3 pm
That spike up was no accident. Their is a reason & I think we'll find out soon enough. IMO
GLTA
Nice:) Now lets get to the .20s by EOD