Stock price might still be a little high but now not such a ridiculously high estimated forward P/E.
Bud... Shorts love this stock. Small caps are under performing.
20% correction already started. Its been a long hot
summer. If cray Chinese company all more better PPS.
Partially accounted for in revenues in 2015 and fully in 2016. Nothing in 2014. Still good news in more than one way.
Harry has posted Charts of the Day video on CRAY at TheTechTrader site noting: Cray Inc. (CRAY) got a deal worth $174 million, and will develop a supercomputer for the National Nuclear Security Administration. Their stock spiked 4.27, or 25.69%, on 1.3 million shares. It had a breakout last week, and pulled back to test the moving average, and then spiked up on Thursday. We’re going to see if it will get above resistance at 32.80-.85, then 35 1/2-3/4, and if it gets through that, maybe we’ll see this stock get as high as 38-39.
I find it ironic that a computer bot "writes" a news blurb about Cray being a candidate for reversal. I just read "Our Final Invention" by James Barrat and highly recommend it to owners of Cray stock.
Short interest almost doubled since last quarter earnings. We should see more posts by the short machine as they try to drive the share price lower.
5/30/2014 5,075,761 396,907 12.788288
5/15/2014 4,513,375 616,777 7.317677
4/30/2014 3,681,202 505,066 7.288556
4/15/2014 2,921,367 360,438 8.105047
3/31/2014 2,625,899 447,485 5.868127