CRUS today's price action was awful! We may see $18.00 this run, or even double top! The relief rally will come to the end by Friday! I don't think S&P can pass 1,070-1,090! Wait to see nose dive coming! I will sell tomorrow regardless!
nothing productive spending time beating on someone...i've appreciated many of the posts on this board discussing both sides. I'ld throw my hat in w/ the poster mentioning technicals. Right now CRUS is moving towards a new 52 wk high. its one of a few semis that hasn't been beaten into smithereens in the last couple months.
But TA doesn't tell the whole story...fundamentals do and we'll get the whole picture beginning next week. Earnings will be strong we know...and we'll see how the outlooks are for Q3...simple as that.
Appreciate the simple economics re: recession, unemployment, low rates, growth and then employmnet....good article in friday's WSJ by Laffer talking about the detrimental effect of unemployment benefits. My only question for the economy is what is the catalyst...there has always been a leading sector(s) and i just don't see one. Appreciate any thoughts.
best of luck to all
Hey Mike, hope you trade a lot. I need someone to pay for Obama's tax hikes. I prefer to create wealth and buy and hold. You can trade and pay my taxes.
Who wins? Good luck with 39% Fed and 15% state, while I buy and hold and pay ZERO!
sometimes, even in a recession being in a particular business you might totally escape it. back in the 70's I was one of 5 owners in a company that was involved in the petro-chemical field making distillation and process equipment for chemical plants and refinerys. we were busy as hell and growing fast. some may call it luck. i say we were in the right place at the right time. no recession for us back then during what i would call a severe one.
To MikeB from Denver, I have underwear older than you. If you made a 15% profit fine, now go away. What everyone on this board believes is that you are just another short trying to influence your loser scenario.
>>I sold my CRUS on Friday because I made 15% profit, and there is no more 15% again in three days to be made. I moved on to others. <<
If you've "moved on", then why are you hanging around here giving others grief?