CRUS has a decent probability of getting up to the 31.23 level but with the stock trading at 27.18 and not being able to place a decent stop loss any higher than 24.34, it means that a purchase here would give you about a $4 profit potential but with a risk of about $3 per share. That is a very bad risk/reward ratio, especially when you are going "against" the trend .
Apple supplier, but has other biz as well.
They have no debt, pay a div, and said they are gonna blow out this qtr.
I took a chance and went long fri @25.60..really just playing the bounce as it dropped so fast
in the last few days.
that sounds solid, AAPL looks like its holding $500, if it holds maybe it will pull everybody up like it pulled them down? good luck with it.
Im very short term but like the swing prospects on CRUS.
I was "almost" going with KORS calls, and dam it popped before i could pull the trigger. oh well.