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Silicon Motion Technology Corp. Message Board

  • thunderbirds1975 thunderbirds1975 Apr 6, 2011 4:04 PM Flag

    Upgrade, Earnings, Pre Annouce or M&A???

    These are my drivers prioritized in what is driving volume & price today:

    Upgrade
    Earnings
    Pre Annouce
    M&A Activity

    Any Thoughts?

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    • I think the upgrade is an unlikely driver in itself. I haven't seen an upgrade have this significant an impact. I know I wouldn't have bid up SIMO by 20% just knowing that an analyst had put a $12 price target on it. Those guys are a dime a dozen, and they're wrong as often as they are right.

      Earnings leak would probably be my top guess, but they'd have to be beating numbers by a sizable margin for the stock to jump as it did.

      Potential acquisition rumor/leak would be my second guess.

      And an incompetent buyer would be my third guess (highly unlikely for a buyer this size to be so unsophisticated).

      I'm curious to see if there is follow-through on this move over the next few days. If it is an earnings leak or an M&A leak, what's the magnitude of the news. Let's wait and see.

 
SIMO
31.40+0.72(+2.35%)Feb 12 4:00 PMEST