u/newwobblywheeler

The bears hunting for stops today started at $12.50 but not enough shares so they pushed it down to $12 still not enough shares so $11.50 still not enough shares...the VWAP was at $11.84 which tells you the truth!
Now we have the short sale rule on NYSE and the share buy back in effect but algos are also hunting for shares while working against each other such that even RBC was on it. And now interested retail that wants in as well as institutions as the dark pool is highest in the past two days.
Not sure if the naked shorts needed to borrow from the lending pool on the close as they were not able to cover their shorts!
So will the bear raid turn into a bear trap next week while the Alloy Kore contract signing hangs in the next 30 days! It is a no brainer that revenue from Alloy Kore will result in multiple expansion!

Today is exactly one month since Baird conference where John Wall said that Alloy Kore contract is being negotiated and it could be 2 weeks or 2 months before it is signed. We are half way there and this contract will be monumental as a European automaker be it Mercedes Benz, BMW or VW the revenue increase will be many fold as Tim Foote has signalled. MB produces ~2M vehicles/yr; BMW ~2M vehicles/yr and VW ~8M vehicles/year and at $120 to $150/ vehicle with 20% upfront on design win, 20% for services and 60% in royalties is a reality. Analysts will have to adjust their multiples many fold but more importantly QNX vehicle platform becomes basis for SDV's.

This is a given deal as it saves automobile development $200M/ year in middleware and can spend their engineering resources in enhancing their product.