Tuesday, April 2, 2013

REFR, and other updated trades

Staying long REFR, remember this is a position that I am holding through April and into May (specifically approaching May 15, as you will read below). Still working on a report on the stock that I should post tomorrow or ASAP. Price target remains $6/share. Long TTS, APPL leaps, took some profits in CRAY but still remain bullish on this long term investment, APP price target is $3/share. I will continue working on the REFR research report and get it on this blog ASAP. Technically REFR looks great, the shorts are all in now and the stock is trending back higher, should see a pop tomorrow or in the next few days as shorts are forced to cover and hype continues to drive in buyers. I will hold all my shares. An important part of my report details the following quote from REFR's CEO Joseph Harary "Do we expect additional announcements concerning additional luxury vehicle models? Yes. Am I still optimistic from our October 12th presentation that SPD will be another production vehicle behind the SL and SLK by July 1, 2013? Yes. Can we comment on recent articles that describe special events being held in the automotive industry to launch a new S-Class and also comment on reports that the S-Class will use Research Frontiers’ SPD-SmartGlass technology. I’m somewhat limited because we have NDAs in place with all the world’s major auto companies, we can’t say anything definitive until they say something. However, I can say that the automotive press usually get things right and also this is because there is a good dialog between the automotive press and the automakers. And these articles are awesome, very incredible publications. And to those who have not read the articles, they are saying that the new S-Class is being launched on May 15th in Hamburg, Germany and that the new S-Class will be in showrooms this September and will offer Magic Sky Control as an option. So, while we can’t confirm this at this time, if this SPD SmartGlass did appear on the new S-Class, it would be a highly significant event for Research Frontiers."

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