HSBC upgraded shares of Spreadtrum Comms (NASDAQ: SPRD) from a neutral rating to an overweight rating in a research report sent to investors on Monday morning. The firm currently has $23.00 price target on the stock, up from their previous price target of $20.00. We believe more annalist reversals are imminent.
How many times have we seen this POS got upgraded and then down graded? It's a frigging yo yo stock and a commie stock. I've been in and out of this POS so many times. And I could double my money if I were into shorting. When this POS gets an upgrade, then it's time to look at shorting it. Don't forget China has ghost cities everywhere. Their economic boom was a big fake and I would be surprised that the numbers coming out of this company is exaggerated.
I've cleared on paper over one hundred large since March 6th. Follow your daughter home. Holding for $22.48, although since Spreadtrum has set up to beat next 4-6 quarters we'll likely see even higher prices. I'm not Kevin-greedy, however.
Shleung - the village idiot. "Bet on red AND black"...lol...such a brain-dead, childish philosophy. Big ole' L branded right on his forehead.