Are we suppose to assume he knows what he's doing? That's kind of a stretch IMO.
Here's my theory. Hornback heard somewhere that you should always buy low and sell high but when he chose to short SWKS, he got confused and decided to short low and buy high. So now he thinks he's making money because his plan is working LOL!
Thanks both of you.
I was thinking of maybe following the largest customers to check if their earnings releases caused any changes in prices...
SWKS is approaching near term overbought relative to the 50 dma. 70 seems unlikely until a consolidation around a bit above the current price. But 70 in the months ahead, most certainly. And i'd take next week, too!
Sentiment: Strong Buy
Assuming he is actually old enough to have his own money and assuming he has actually shorted SWKS...both huge assumptions...I would say he will cover at about $112 whenever the PPS gets there (or the split-adjusted equivalent).
Lol! My 10% in profits on SWKS since I opened my position after earnings begs to differ. Or the fresh highs...
Opening a position at 52week highs, is straight up dumb, no matter who you are. It says nothing about the stock, just a simple fact that the risk reward at a 52week high is too great, regardless of the investment.
Maybe the market has pitty on you tomorrow and lets you cover your short down 1 or 2 percent down from here.
LOL you sound like Obama.........let's just make everything up, nobody will know the difference. One month ago tomorrow SWKS closed at $51.86, today it closed at $64.66 and it made a new 52 high today. So what the heck are you talking about? Take me off your favorites list, you're a Dingbat.
their customer base is very broad. on page 81 of the 2013 annual report: ......."which spans over 2,000 customers and over 2,500 analog components." SWKS also owns nearly 1,000 patents.
Is this a "problem" stock in the investment community? Can anyone do a background check (so to speak). Have there been any problems with this stock in the past. Why won't it move?
You would have made a lot of money going long with SWKS hornback now you're sitting with a loss wondering how you got there. I've never seen an instance yet where stubborness won over common sense and that's especially true when you swim against the tide..
A relatively narrow range of divergent expectations and a government run stock market make for one boring stock!