one downgrade isn't causing all this.
looking to buy, but am afraid that someone knows something bad. revenue warning?
i still think they'll do well 2nd half of this year.
Probably. But higher oil prices won't help either.
I was planning on holding SIMG for the next 12 months, but now stepping to the sidelines as the run is over for now, confirmed on Friday with the high volume breakdown of the 50 day MA.
Good luck all!
at least INTC has a p/e! That is why when a sector goes down those stocks with the lowest p/e fall fastest.
But that is how you get good entry point into stocks that have great potential like SIMG.
Does seem bogus to me. Even Needham said there is nothing fundamentally wrong with SIMG. Extremely low forward PE for a stock that will growth 15-20% for the next 12-24 months.
Going lower ? If it trades to even 7.50, you are talking about a forward PE around 13 and change, not to mention you could buy it for around 335 million (assumes 250 million in cash on the books by close of deal).