It is sickening to watch these traders try and manipulate this stock with 100, 200 shares moving the stock +-2% on no volume and for no reason. We know they have the power and the money to do this forever, but when will the adults among them step up and say enough?
Fundamentally, DRAM prices have shot up since Hynix fire which is very positive for FF. Micron/Elpida is one of the largest DRAM makers and one of the top customers of FF. How could MU stock continue to print new highs (closing on $18)? If MU is benefiting from higher DRAM prices, their inventory of DRAM chips will have to be restocked which means more business for FF. How could these kids playing with this stock for the last 2 months not see and understand this?
Just go with the Flow man. If you think FORM Factor is undervalued then shut up and buy more. I am glad they are holding down FORM. I just purchased 4000 shares here. If they want to play, games, I am willing to play!! Form factor has put together 4 quarters of rising revenues and last quarter they just went cash flow positive. They have over 250 million in accumulated losses to go against any profits they make. Which means they are not going to be paying any taxes any time soon. Form Factor has no debt and still has 153 million in cash and FF is going to fly!!