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Cadence Design Systems Inc. Message Board

  • levelwyourself levelwyourself May 29, 2009 6:07 PM Flag

    Dead stock

    Cramer had to have a loser as he said within his group and this one seems to have been it!

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    • You make money only one way on this stock.

      You watch for when they miss expectations and do a major reset of their business model. The stock will drop about 50% over night. You wait about 6-9 months after that and buy in and hold for 12-18 months while the stock revovers to it's pre-correction levels. Then you sell and get on the side line until the next business model reset.

      With this strategy make you a ton of money over the years since they "reinvent" their business model about every 3-4 years.

      However, this time around, they collapsed upon themselves, with a double stock correction within 6 months, followed by the hammering from the super bear market. The time to have gotten in was when the stock bottomed out in the 2's. You will note that several of the BoD members bought large blocks then.

    • I'm in @5.93 but haven't give up hope. I have 4,000 shares. I could find no news on the sell off today. Maybe people think there is more money to be made else where. I will wait until the next quarter and see if things are improving....Luck to all

21.75+0.38(+1.78%)Oct 9 3:59 PMEDT