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SemiLEDs Corporation Message Board

  • trooperyankee trooperyankee May 2, 2013 6:29 AM Flag

    Seeking Alpha kiss of death

    Another great article by Seeking Alpha killing yet another stock rally. I always like the part where they indicate they have no position of the stock. Until they bash it so the price drops so that they can get in. People listen to seeking alpha like its the bible, but an article from AP or Reuters explaning how the LED market will be exploding is dismissed as speculaton. Major news sources do research, Seeking Alpha is based on some guy's speculation which usually is negative. People, remember, there are no more incandescent bulbs sold in the US anymore. There are only 2 options: CFC's or LED's. LED's are preferred as they last longer and are more energy efficient. Now that their prices are coming down, the long term expectations are that their sales will increase. This stock debuted at $17 a share. It rallied from 60 cents to over $2.20. People panicked and sold.

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