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Silicon Motion Technology Corp. Message Board

  • blue_devil_ninetynine blue_devil_ninetynine Oct 29, 2009 11:18 AM Flag

    Sentiment does not seem to be positive

    The sentiment around this stock does not seem to be positive, less than a day before the earnings release. Otherwise we wouldn't be down one cent in an up market. This is particularly unusual as I'm used to seeing a runup on the last day before earnings. Someone might have insider information about this quarter, but I'm a long term investor so I have no intention of chickening out at this stage. Simply crossing my fingers and sitting back for a year...

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    • Although, I've also seen irrational drops before earnings, followed by huge moves higher after earnings.

    • I know I would have to agree - was up now down on heavy volume. But, I guess on the bright side it was upgraded and coatue bought in...its hard to get a read on this. One thing for sure, most companies are hitting it out of the park - if SIMO doesnt this time I'm starting to think this is lemon and that arent executing something right - this stock will not move until they show sales are increasing....the rest will fall into place.

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