ORIONS Money Stocks

[matt24d]

Someone was buying today. We had 40K shares bought the last 10 minutes of trading. Even with all the volume we only had about 150K more shares sold them bought for the day. I think this will bounce up just as fast as it went lower. The thing that people have to understand this is not a SQNS specific issue. If the other chip makers were saying next Q was going to be great and we were not then I would be worried. But QCOM and XLNX both said that next Q's earnings and sales are going to come lighter then expected but would pick up 2nd half of the year. Both of them said that they are at the mercy of when china hits LTE mainstream. But they both said that when that does happen they expect to see sales really take off. Almost everyone selling down here is probably taking a loss and for what. Nothing has changed with the company. We are still on target for a big 2nd half of 2014 the same thing they said 8 months ago. Right now Both china mobile and India are the main key for us and both are moving fast with LTE but none of them have hit main stream yet. This is why the CEO of SQNS and QCOM both said its really a waiting game to find out when they launch their services full force. Until then I would say SQNS is making big progress in the US, Japan and Italy right now. Also between now at the next two months we are at two investor conferences and 3 major shows. So we have lots to look forward to.