First, I am bullish long term.. This stock was recommended to me by someone well ahead of the curve but I never pulled the trigger.. Mainly, bc the stock hasn't given me a chance over the last month.
However, I have seen this play out too many times and the stock has come too far too fast. The tree has to be shaken and allow an entry for bigger players once we get some clarity on a few things this afternoon. All these upgrades of price targets are valid in thesis but it's NOT happening today. That's too easy and not how the game is played. I am going against the herd and I believe this is gonna be a sell the news - upside is more than baked in. VP dumped over HALF A MILLION DOLLARS in shares just a few days ago.
Don't get caught thinking that things are the same as before. Elpida is a game changer. DRAM market dynamics are changing...haven't seen things shaping up to be this favorable in a LONG time. Earnings will be good and exchange rates make the Elpida deal better everyday. Be very careful if you're short. You could get burned very badly.
First... the VP sold under a 10b5-1 trading plan, it means nothing. He was blind knowing what was going to happen other than picking price and or day (or both). That being said this is on a run, is it time to cool, looking at the technicals, not yet. it will run some more. so shorting YES this will happen between 17-18, and get covered at 14, where it goes back up and stays. And finally, sorry to say...over the last month is where the move happened....9-14 that's 40%...no action....u def. got it wrong
Sentiment: Strong Buy
I may be wrong.. and I agree the EPILDA deal is a game changer but no one knows for certain the effect on EPS it's gonna have. 17-18??? Not tomorrow buddy... Also, I'm a big boy and have a tight stop set on the trade. If I lose, I'm cool with that and if you are soo certain you should welcome my position. We'll see very soon, I'm just trying to avoid the herd of sheep here.
Think this through ... if the stock tanks because of sad earnings, Mr. VP will go to jail. Do you really think he's that dumb? If anything, he could only sell if he knew it would be going up.