3SOF

I'm not invested but have watched this stock for a while. 

The concept is a definate winner.  My dentist is an investor and believes that Invisilign is revolutionlizing dentistry.  Why would anlyone get ugly braces when they can use an invisible system that my dentist says is cheaper.

Plus Ilve seen so many dentists advertising invisilign.  (oddly I've never seen an ad for Orthoclear).

This is a disruptive technology and could be the next Starbucks. 

Is it the lawsuit that is holding this stock back?  I don't understand why earnings are negative.   

Quote from: logocovet on April 16, 2006, 01:09:48 AM
This is a disruptive technology and could be the next Starbucks

logocovet,

That perception might explain why this stock ran up 1710% from late 2002 to Spring of 2004. 

Quote
My dentist is an investor and believes that Invisilign is revolutionlizing dentistry.  Why would anlyone get ugly braces when they can use an invisible system that my dentist says is cheaper.

I agree.  Great concept.  Now, what's the right price for the stock?  It obviously wasn't the $23 of two years ago, or the stock wouldn't have gotten whacked to below $6.00, eh?

   

Quote
Is it the lawsuit that is holding this stock back?  I don't understand why earnings are negative.

That 2004 time-frame also was when ALGN reported positive earnings, but then they went back in the red, as you mentioned.  I don't know why.  Last quarter, the estimate was for a loss of three cents; they came in at a penny in the black on January 25..   The stock already had broken out on January 13, and it held up fine on the earnings.

This quarter,  the estimate is for a loss of $0.10 vs. $0.03 in the black, yet the stock is at $9.00 now vs. about $8.50 when the $0.03 was reported this time last year.  They report on April 26, BTW.

Last September, when ALGN was at $7, an analyst at Jeffries had a 2005 year end target of $9, which was achieved on St. Paddy's Day.  He felt that the stock could go higher than that on takeover value, or the possibility that the company could be taken private.  At any rate, he made a good call. 

Bottom line for me, as you know, is always the chart.  I like the 3 Bullish Patterns on the daily chart (see charts on Page 1).  I like the 1+ year base on the weekly chart, and the fact that the stock has broken out, and is above the Kumo (Cloud). 

If ALGN stays above 8.61, I'll grit my teeth and hold it through earnings (we need a face with clenched teeth on the toolbar).

 

Quote from: Melf Elf on April 04, 2006, 09:52:44 AM
Bought ALGN at 8.80 on the pullback toward the Ascending Triangle breakout.

Sold ½ my ALGN at 9.38.  Gain: 6.6%.

ALGN is back to the top of the one-month Ascending Triangle.  Volume isn't strong, and with earnings coming out next week, I decided to make a safety play, and take half off the table. 

Quote from: Melf Elf on April 18, 2006, 02:11:30 PM
Sold ½ my ALGN at 9.38.  Gain: 6.6%.

ALGN is back to the top of the one-month Ascending Triangle.  Volume isn't strong, and with earnings coming out next week, I decided to make a safety play, and take half off the table. 

Volume still isn't great, but ALGN had a technical breakout of the Ascending Triangle this afternoon.

That's so-o irritating...   

ALGN currently is BID 9.52..ASK 9.53, and volume is improving 

Quote from: Melf Elf on April 18, 2006, 02:11:30 PM

Sold ½ my ALGN at 9.38.  Gain: 6.6%.

ALGN is back to the top of the one-month Ascending Triangle.  Volume isn't strong, and with earnings coming out next week, I decided to make a safety play, and take half off the table. 

They reported a loss of $0.08 vs. estimate of a loss of $0.10.  ALGN is up 3.8% so, unless the market changes its mind, it looks like we've survived earnings.  Whew!

The March 17 Ascending Triangle target: 9.63 MADE on April 19.

The DOUBLE target of 10.26 (Bullish Falling Wedge and Ascending Triangle) still is IN PLAY.

Quote from: Melf Elf on April 18, 2006, 02:11:30 PM

Quote from: Melf Elf on April 04, 2006, 09:52:44 AM
Bought ALGN at 8.80 on the pullback toward the Ascending Triangle breakout.

Sold ½ my ALGN at 9.38. Gain: 6.6%.

Sold remaining ½ ALGN at 8.98.  Gain: 2%

Quote from: Melf Elf on April 26, 2006, 09:56:33 AM
They reported a loss of $0.08 vs. estimate of a loss of $0.10. ALGN is up 3.8% so, unless the market changes its mind, it looks like we've survived earnings. Whew!

Changed its mind...YUK. 

The market really changed its mind.  YIKES...   

Big News for ALGN:

Align Technology Reaches Agreement to End OrthoClear Litigation
http://biz.yahoo.com/prnews/060928/sfth055.html?.v=76

Is currently up over 70% pre-market!!!  Nice if anyone is holding!

Last thursday is the record volume for ALGN
I think the bullish action is not stopping here..

fyi:
1)
Align Technology Reaches Agreement to End OrthoClear Litigation
Thursday, September 28, 2006 6:34:00 AM ET
PRNewswire

SANTA CLARA, California, September 28 /PRNewswire/ --
- OrthoClear to Stop Accepting Cases, Stop Importing Aligners and
Transfer IP to Align

Align Technology, Inc. (Nasdaq: ALGN), the inventor of Invisalign(R), a
proprietary method of straightening teeth without wires or brackets,
announced today that it has signed a Binding Settlement Term Sheet with
OrthoClear, Inc., OrthoClear Holdings, Inc., and OrthoClear Pakistan Pvt.
Ltd. ("OrthoClear") to end all pending litigation between the parties and
execute a formal settlement agreement within fifteen days. Effective
immediately, OrthoClear will no longer accept new patient cases for
treatment. Upon the earlier of the Closing of the formal settlement agreement
or October 12, 2006, OrthoClear will consent to the entry of an Exclusion
Order by the International Trade Commission (ITC), prohibiting importation of
OrthoClear aligners into the United States, and will assign and transfer to
Align all intellectual property rights with application to the correction of
malocclusion......
2)
Align Technology upgraded to "outperform"
Thursday, September 28, 2006 4:26:04 PM ET
Barrington Research
NEW YORK, September 28 (newratings.com) - Analysts at Barrington Research upgrade Align Technology Inc (ALGN.NAS) from "market perform" to "outperform." The target price has been reduced from $7.50 to $6.00.
3)
Align Technology "equal weight," target price raised
Friday, September 29, 2006 4:32:23 AM ET
Stephens Inc.
NEW YORK, September 29 (newratings.com) - In a research note published yesterday, analysts at Stephens Inc maintain their "equal weight" rating on Align Technology Inc (ALGN.NAS), while raising their estimates for the company.
The target price has been raised from $7 to $10.
4)
Align Technology "market outperform," target price raised
Saturday, September 30, 2006 3:33:29 AM ET
JMP Securities
NEW YORK, September 30 (newratings.com) - In a research note published yesterday, analysts at JMP Securities reiterate their "market outperform" rating on Align Technology (ALGN.NAS). The target price has been raised from $10 to $14.
5)
Align Technology "buy," target price raised
Thursday, October 05, 2006 1:40:51 PM ET
Deutsche Securities
NEW YORK, October 5 (newratings.com) - Analysts at Deutsche Bank Securities reiterate their "buy" rating on Align Technology (ALGN.NAS). The target price has been raised from $11 to $14.

Quote from: Terliso on October 05, 2006, 09:07:27 PM
Last thursday is the record volume for ALGN
I think the bullish action is not stopping here..

More room to grow .....


Align Technology, Inc. Announces Date of Its Third Quarter Financial Results Conference Call
http://biz.yahoo.com/prnews/061011/sfw025.html?.v=79

Ohhhh yeahh.....

Align Technology "buy," target price raised

Wednesday, January 31, 2007 9:38:19 AM ET
Roth Capital

"NEW YORK, January 31 (newratings.com) - Analysts at Roth Capital reiterate their "buy" rating on Align Technology Inc (ticker:ALGN).
The target price has been raised from $16 to $20.