Samsung Electronics update

The usual then – June 11, 2013 – and now charts;

Samsung Electronics Co. Ltdsamsung july 27 2013

It may not look like much but Samsung has now lost 25% or 400 points. The first target is 1100k, but ultimately the stock could drop to 400k. It is the standard Schumpeter “creative destruction” process starting all over again in another country. The decline started slowly at the beginning of this year and looks like a small triangle but that simple cannot be. Instead it is probable a series of 1-2s which promises a rather rapid move down. A break of 1100k would all but confirm this scenario.

Samsung Electronics Co.

Samsung Electronics Co. Ltd

If you do not see the bubble here you have to be wilfully blind. Yet it could go one notch higher if we are presently in 4 of 5 of 5. A serious break of 1400 would cause overlap and indicate that the bear phase has started. A quick peek at Siemens SI, Philips PHG,  Nokia NOK etc.etc. tells you this this one is the only one that has gone to such new highs, except, of course, Apple AAPL, see below. We are neutral on it now that it almost reached our initial target.

aapl june 11 2013