Friday, September 30, 2016 2:22:41 AM
If you're genuinely interested in the logic behind my bearish opinion...and you are most welcome to view my opinions as being bereft of any logic whatsoever....I will invite you to read this Business Insider article:
http://www.businessinsider.com/the-richard-wyckoff-stock-trading-method-2013-2?op=1/
Here is the relevant part about how a smart money player sells high while the dumb money retail crowd buys high:
Then, he will try to time the top of his planned price rise with some "good news" about the stock he may already know about
Remember the saying, "Buy the rumor, sell the news"?
"You have often noticed that a stock will sell at the highest price for many months on the very day when a stock dividend, or some very bullish news, appears in print. This is not mere accident.
The whole move is manufactured. Its purpose is to make money for inside interests — those who are operating in the stock in a large way. And this can only be done by fooling the public, or by inducing the public to fool themselves."
Does this apply to VUZI? Obviously there's no dividend....this is a trading method that's been around since the 1930s....and while the game is played differently now, entirely electronic with no trading floors or pits....its still the same game of misdirection as I see things.
It has to be though imo...if the smart money industry players are going to sell high they need others willing to buy high....and in my opinion that means the retail crowd, aka the herd.
Retailers are the ones reading bullish write ups on SeekingAlpha, listening to interviews with paid promotional firms, reading write ups by still more promotional firms....
With all this going on you see the PPS for a stock topping out....stuck in a range after a big climb. Why does the climb stop? IMO its obvious...Sellers are willing to dump their shares carefully in equal measure to meet the demand....holding off to let the price climb again, then resuming their selling which brings the PPS down.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
Recent VUZI News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 06:59:02 PM
- Garmin Collaborates with Vuzix to Develop Next Generation Nano-Imprinted Waveguide with microLED based Display Systems • PR Newswire (US) • 05/14/2024 01:30:00 PM
- Vuzix to Bring New Low Cost, Full Color Waveguides to Display Week 2024 • PR Newswire (US) • 05/10/2024 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:01:47 PM
- Vuzix Reports First Quarter 2024 Results • PR Newswire (US) • 05/09/2024 08:01:00 PM
- Vuzix Reports First Quarter 2024 Results • PR Newswire (Canada) • 05/09/2024 08:01:00 PM
- U.S. Index Futures Dip, Bank of England Holds Interest Rates at 5.25% • IH Market News • 05/09/2024 11:47:20 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 05/06/2024 04:15:16 AM
- Vuzix Schedules Conference Call to Discuss First Quarter 2024 Financial Results and Business Update • PR Newswire (US) • 05/02/2024 03:30:00 PM
- Significant Productivity Improvements Achieved for Client Using Vuzix Smart Glasses • PR Newswire (US) • 04/24/2024 12:30:00 PM
- Global Retailer Expands Its Use of Vuzix Smart Glasses to Support Its Warehousing Operations • PR Newswire (US) • 04/23/2024 04:45:00 PM
- Vuzix Wholly Owned Subsidiary Moviynt Partners with NetLogistik to Offer Mobility Solutions for the Warehouse • PR Newswire (US) • 04/16/2024 12:15:00 PM
- Vuzix Reports 4Q and Full Year 2023 Results • PR Newswire (Canada) • 04/15/2024 08:15:00 PM
- Vuzix Reports 4Q and Full Year 2023 Results • PR Newswire (US) • 04/15/2024 08:15:00 PM
- U.S. Index Futures Surge after Dow Jones’ Worst Week, Oil Prices Dip • IH Market News • 04/15/2024 11:08:21 AM
- Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results and Business Update • PR Newswire (US) • 04/09/2024 01:15:00 PM
- Vuzix Commences Online Sales of Its MicroLED Binocular Waveguide Smart Safety Glasses • PR Newswire (US) • 04/08/2024 12:45:00 PM
- Vuzix Receives New Additional Orders from Two Aerospace Defense Firms to Further Develop Their Waveguide-based Display Solutions • PR Newswire (US) • 04/04/2024 12:00:00 PM
- Vuzix Enters into Reseller Agreement with UK-based Purview Services and Ships Their Initial High 6-Figure Smart Glasses Order • PR Newswire (US) • 04/02/2024 12:00:00 PM
- US Stock Futures Stable in Pre-Market On Path for Consecutive Quarterly Gains, Oil Prices Rise • IH Market News • 03/28/2024 11:42:00 AM
- Vuzix to Delay Filing of Its 10-K Annual Report and Postpone Related Investor Conference Call • PR Newswire (US) • 03/27/2024 09:30:00 PM
- Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results and Business Update • PR Newswire (US) • 03/11/2024 01:15:00 PM
- 2024 State of the Industry Brief on Warehouse Picking Supports a Strong Future Demand for Augmented Workforce • PR Newswire (US) • 03/07/2024 02:00:00 PM
- Vuzix Wholly Owned Subsidiary Moviynt to Showcase Breakthrough AI and Machine Learning Powered AR Smart Glasses Technology at Modex 2024 • PR Newswire (US) • 03/06/2024 02:00:00 PM
- Vuzix To Showcase Cutting-Edge AR Smart Glasses Technology at Mobile World Congress Barcelona 2024 • PR Newswire (US) • 02/23/2024 02:00:00 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
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North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM