Whether Universal Display Corporation (NASDAQ:OLED) is a good stock to buy was discussed by Charles Payne in a segment on Fox Business Network.
The discussion about Universal Display Corporation (NASDAQ:OLED) was prompted by a viewer’s question about what to do with the stock. The viewer said: “What should I do with my OLED stock? I’m down over 12%. Thanks!”
According to Payne, he does not know how his viewer Kathryn Bryan is down 12% on the stock because the stock has been up about 13% since it was featured on his program. Nonetheless, he explained what he said alarmed him about the viewer question. He said:
“What alarmed me about the email and [what]I’m trying to talk about is – perhaps I have to do this at least once a week – understand your temperament. What I’ll start to put on the screen as I mention these stocks is the beta. Any beta over 1.0 means it’s more volatile than the broad market. Anything under [1.0] means it’s not [more volatile than the broad market]. If you can’t handle a very volatile stock, you probably should not be in it.”
Furthermore, Payne said that he is still in Universal Display Corporation (NASDAQ:OLED). Furthermore, he mentioned companies like Panasonic Corporation (ADR) (OTCMKTS:PCRFY) and Sony Corp (ADR) (NYSE:SNE) looking at the company. He said:
“We’re still in it; great news on the company today. Panasonic is looking at them. Sony is looking at them. Everybody wants to get involved but Cathy, I just want you to know: they’re not all going to go straight up. In fact, I’m going to have a fair amount of losers even though I haven’t had that many so far. Just know your temperament people when you get involved in the stock market.”
Watch the segment about Universal Display Corporation (NASDAQ:OLED) below.
Universal Display Corporation (NASDAQ:OLED) investors includes Rob Citrone’s Discovery Capital Management which reported by the end of the first quarter about 6.93 million shares in the company. Another investor is John A. Levin’s Levin Capital Strategies which had 220,695 shares also by the end of March.