There is always a possiblity that this one will go to $10 or even lower.
Anyone that short this stock is because of all these negative issues surrounding this company and the market has certainly discounting all these bad news and considering the worst senarios. Many have all of the negatives mentioned repeatedly again and again on this board. No body cares about any positive news or upgrades on this stock anymore, like there is no tomorrow. Any upgrades or buy opinion is considered not wise.
Then this is perfect and this is just right and it is good!!
look at the fundaments people. stop trading in fairy land.
the mgt has revised this quarter 2 times. gross margins will not improve -source mgt. the 7800 is out and selling very fast. r520 delayed. Q 4 will blow - mgt Q 1 wil not be rosey - mgt. and how about that wonderful 456 million in inventory.
oooo thas going to be a good one. either reduce prices on it to sell it , thus lowering margins
write it off.
either way = screwed.
granted im not saying this stock can not go up. hell, it may hit 13 but with all those cards showing i would not gamble on it.
untill ati shows some fundamental improvements in getting the r520 out WITH A MAINSTREAM PART im not touching this dog.
long term i think the stock will hit 16-18 short term = 9-10