SR1 is a jackoff. He'd look great under the heel of my shoe but he's probably on the right side of this one. They are a bit more than a commodity business and it's hard to argue with the trend in the stock right now. Trying to pick this as the top is foolish. Might see a little pullback early in the week but get out of the way when it starts moving up again.
amherst - not picking the top, but all technical indicators point to a pullback to $54-55. I am not saying this won't go higher - but I see a lot of "going to new highs", "100 dollars" etc. This is not going to happen. Again, estimates have decreased, not increased. Have you seen the prices of flashcards and thumb drives - they are dropping. Lots of rebates on these things as well. I have SNDK UltraII 512MB for my digital camera and a 512MB minicruzer - I don't need anymore. Lots of people are buying Seagate external hard drives for computer back ups.
Yeah but there are lots more applications coming and the broker dealers are all jumping on the bandwagon lately. A pullback here would make a lot of sense and actually be healthy for the upmove. But I see the upmove getting ridiculous before we see a sustained pullback because the momentum players love to jump on this stock. Lots more competition is coming but it takes some time to build up. If you can time the big moves even moderately well there's a ton of money to be made on both sides of this thing.