Getting sick and tired of the obvious manipulation of this stock. This is an excellent company with lots of cash and growth and it takes a dive like yesterday?
No good reason for it....none!
This is how the market works. So it pulls back 10-15%. Who cares? Look at the big picture. This is heading much higher this year. I'm sitting pretty with a $13.25 avg cost and not sweating this pullback.
No one manipulate, nor can they. Stock market isn't perfect. But when the volume goes up in millions, everyone plays into the hand of macro rules.
Wall Street hates the risk. But CRUS produces all the risk you can name.
As I said over and over, for an excellent engingering house with poor marketing execution like CRUS, the best strategy for investor is to yoyo the dead money.
the risk funchip is out if CRUS has contracts from APPLE, note the insiders are holding thru this run up...
there is only one APPLE, and it IS the best company on the stock market, and if CRUS's association with it is solidified with a contract, our "dead money" is golden
the tablet ipad has changed computing forever, make no mistake about it, and APPL isnt done making AMAZING products, it is just beginning...with (I pray so) or with out Steven Jobs...life goes on....will BRK.A survive without Warren? certainly...major tragedy makes oppotunites...BP...XOM...HP...on and on........
I can understand a downturn when there is a broad market turn, but this one is overdone....
This board? There is no good info on yahoo message boards... just a good place to vent and share ideas, but dd wins, except in the case of crus...
Trust only the direction your own due diligence points you in and not anyone elses.
I believe this is a quality stock, and yes it is being manipulated. But look at the bigger picture: manipulation is only to allow big money an entry point prior to solid earnings release not long from now.
It all depends on how you look at things... Trust me you will see the price increase again going into and after solid earnings report.
All above IMHO.