SNSN schreef op 15 maart 2018 20:18:
Just game is on.
At current
P/E > 35 the stock is indeed just a playground. It has very little (actually nothing) to do with investments and/or company fundamentals.
One can see standard tech trading patterns under the pressure of i)
'quadruple witching' and ii) a very close location of rising
'top-line' ~
175 today (some 'mid-boys' just attempted to 'improve st-dynamics', as the
'top-line' was not actually hit on Mar 12 - downwards
'border reaction' was just a bit too premature).
For those who like FA/TA --> just don't forget a couple of points:
1) By the Q4-2017 report (Jan 17) everybody was informed that the Q1-2018 figures should be as follows:
'net sales = ~3.12 and
EPS = ~1.85. Thus, this info was priced in well under 150. So far, given there was NO any NEW objective company info since Jan 17, any price rising above ~150 may be considered as just a 'fake price manipulation' (or inside-trading). Indeed, price rising for ~18% above the level of Feb 9 has nothing to do with the company fundamentals and/or objective NEWS (that's playground is just a playground).
2) The
slope/steepness of the
'rising top-line' since Nov 7 (read above) is determined by the
price level on Jan 17 - Q4-2017 report (as following geometry the only one line can be drown through the two pints - Nov 7 & Jan 17). Thus, given the fact that the price level on Jan 17 (Q4-2017 report) was mainly determined by 'short squeeze' caused by misleading (or just insufficient) company info/accounting presented in Q3-2017 report, one can easy understand that the slope/steepness and so far the current price-level of
'rising top-line' has very little to do with the actual company fundamentals and/or objective news.
The
'rising bottom-line' is currently around ~149, which is also next st/mt-target (at a lack of objective news).
By the way, the (forward looking) 'A/D-oscillator' has given a third negative signal, indicating systemic weakening in underlying uptrending (since Mar 2) mechanisms
Good luck.