. . . because it's too late to sell for no good reason other than a precipitously falling stock price. In a market as high and tight as this one, and with a hi-tech stock that's up 300% on the year, all it takes is the first couple of big sales to trigger the flight to safety by the schools of fish that run from the invisible shark and end up on dry land. If I had reason to be concerned when this puppy (what can I say? I like all animals) was down 3-4% on the day, there is no good reason to sell when the stock has dropped by 9% on the day (it could be in double digits by now). That's the "falling knife paranoia" that has nothing to do with anything but the direction and movement of the stock price itself. I might tighten my stops, but I'm not selling (at least no more than half of my holdings) until given a good enough reason (which excludes Cramer's advice) to jump ship and swim for the beach (just so it's not Normandy).
There appears to be no up to the minute public interest in this small cap, but some insider certainly knows something. The stock is down today way way in excess of the marginal drop in the S&P. Time to bail, hang on, or sell, sell, sell?
Sold apple run to 133 at 128. Also put in adtn. Arun had solid qtr.report yesterday. Soldapple only because it was a 50% bet in my portfolio.will flip bacdk 20% if it retests 118.
SOLD OUT 2ND POSITION IN MFLX. ALL MY TARGETS HIT. PUT CAPITAL INTO ADTN AT 21.50 THIS WEEK. CISCO HAS RUN LARGE. NOW SECOND-3RD TIER SUPPLIERS TURN TO SHINE. OWN CIENA. BROKE THRU 6 MONTH CHART RESISTANCE YESTERDAY. Put all mflx capital into adtn yestetday at 21.50. See 20-25% run before in these 2 before June barring a general meltdown in dow .
Multi-Fineline Electronix (NASDAQ:MFLX)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a report released on Monday. They currently have a $20.00 price objective on the stock, up from their previous price objective of $14.00. Needham & Company LLC’s target price suggests a potential upside of 45.56% from the stock’s previous close.
Thanks, Lucky. Well, if they can breakeven in the first quarter with sales of $145, then they could be looking at $0.25-0.30 for the full year.
I am not an expert by any means but I think it went down because people were looking for more guidance on this year's numbers.
Thank you, I am selling half my position into this strength. I see mflx going higher. 20 pps looks probable if it breaks and holds above the 52 week high here.
Mflx a sleeper under radar here and looking ripe for some institutional interest. Meets their criteria for a play. Above 10.00 a share. Restructuring and re-employment of capital structure ending red ink. Blow out quarter report. High end products with no debt. Positive cash flow. 20% below book. Even a small entry by them could be very positive for the pps. I bought at 8.50 and tripled up this week. Now is the time before the run. Expect 13 to 15 pps by Feb. Even if broad market corrects this is a good investment in MHO.
MFLX missed on revenues, missed on earnings and missed on their next quarter guidance. Nothing good about this earnings report at all. Look for MFLX to drop big tomorrow and establish new 52 week lows.