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 USA Stock Discussion v5, Investment,Trader,Financial Ratios,HUAT?

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ChAOoz
post Jan 18 2014, 06:35 PM

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Guys any opinion on sony ? Caught a falling knife on this.

Any thoughts on sony able to revive their innovation for a turnaround ?

I'm banking for it to be a mini apple from Japan sweat.gif
ChAOoz
post Jan 19 2014, 10:18 PM

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QUOTE(danmooncake @ Jan 19 2014, 12:33 AM)
Ticker: SNE

The Q-to-Q results were bad due to declining levels of net profits and profit margins. Who's buying Sony's TV, cameras and cams anymore, right?  Not sure about their new phones... are they any good?

But, they did have a fantastic sales for their PS4 during the holiday season.
With the recent sales figures from their new PS4 product line, this should help turn the company around for next Q as more sales coming with their home entertainment divisions.

Stock price action: Bearish, under consolidation.

Support: 16.50
Resistance: 18.00
Current price: 17

Depending on your time horizon, I would stay LONG side with tight stop at slightly below that support level.
Watch for next Q results.
*
Yeah going long on this. I see a few positive catalyst:

1) Sony Mobile Phone Division, especially xperia is promising. Reviews especially user reviews has been good.
2) Console sales is good, but their software / app such as PS plus is one to lookout for on how it could add value for the sony ecosystem
3) Strong overseas sales and a weak yen
4) Sony pictures with better releases and less flop (hopefully. American Hustler was good)

The negative, would be the group has many diversified business like computing, electronics goods which is all on a downhill battle.

Looking at a target price of 21.50 on next Q result. Wishful thinking thumbup.gif ?

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