Yes, got to be careful trading this, for those who care about short term P&L. I could see a scenario where this rises a bit more, then 4C disappoints. These announcement are expecting to deliver to bottom line not before December 4C. So could see some decent volatility. Defining what would be a disappointing 4C is not obvious... My estimate was $1.4-1.6mio. Anything between that and last 4C will probably not disappoint too much. But if they deliver less than the last quarter, then it will probably go back towards $0.01 and sit around there waiting for proofs. If higher than my range, then probably some decent buy.
SPX Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
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