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Silicon Motion Technology Corp. Message Board

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  • newgrad2012 newgrad2012 Mar 5, 2012 8:29 PM Flag

    goin to 16s my guess is 16.30-16.60

    Thanks, that would be the same outfit that said that SIMO was oversold on Feb. 8

    I agree with the big up then big down thesis, I guess I just wasn't patient enough in my purchase, as I jumped on the first sign of stength after the 20% dip, then as it crossed my buy point I didn't sell and wait for a better entry.

    I couldn't predict the short selling / downgrade firm though, however unlike ZNGA or similar, this firm, although samll, has solid fundamentals and growing sales.

    The zacks artical also sounded like an advertisment to sell their services.

 
SIMO
25.66-0.10(-0.39%)10:03 AMEDT