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