All dolby does is crush analyst estimates every quarter and progressively increase net income every year. This is ridiculous. Tanks 13% in 3 days? What gives here?
your reasons are the same as mine...I also plan to hold this for a few weeks to a few months...I've been monitoring the patterns and the sell-off for the past few days...I honestly think this company is fundamentally sound. They have been around for years and have proven themselves financially. The balance sheet is virtually clean of debt. Operating margins are in the high 30%. Net Income and revenue grows positive every year and most qtrs. Last but not least, I think tech is a safe zone for folks to place their money while the financials and other sectors are getting hit.
IMHO...I think the sell off was due to profit-taking (near its 52-week high) and the markets...either way, traders/computer selling, shorted/sold this stock heavily ....if the 200 ema can hold, I am very positive we test the 52-week high again in the short term....if this is indeed a pullback/profit-taking period, and technicals are favorable (meaning we hold the 200 day ema) 30%/9$ upward is usually attainable short term for many stocks that have profit-taking/"pullbacks".
Though, no matter how logical, "the markets are always right."
whats your idea about pps and company in general:
I'm new and largely invester who likes to keep stock atleast 3-6 months and if more than 20% profit get out unless its great growth company like what we have here..
The reason i bought now are:
beat earnings and raised guidence and price is flat as of today
leader in the industry
32.50 secondary stock offerings
strong bounce of 200DMA
What should we be worried if invester besides market?
This technical stuff is beside the point. There is someone out there who wanted to sell 500K shares this morning. If he/she/it sells another 500K shares tomorrow, the price will drop another couple of points.