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Cirrus Logic Inc. Message Board

  • grngiant2910 grngiant2910 Jul 6, 2012 2:26 PM Flag

    First time for a long time no rally bounce

    Looks like the rally is over. Technology stocks pretty weak today. Lead by 30% drop in INFA and 11% drop in TDC. It would be certain if DOW drops below 200. First time for a long time there was no bounce. Hope it does not happen to CRUS but could happen.

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    • Wally,

      Thanks. I have not wrote much about the short price movement, but it seems to me it is must likely down to 25 or so in the next week or so. We should get news this week about the coming cc. We shall see. Right now I am planning to come to the shareholders meeting. Hope that continues to be so. WE NEED TO STOP BY AND PASS IN OUR GRADITUDE!

      Grade Zero

    • I fully expect us to reach 40 by October. However, I fear that the mm's may have baked in increases and we could possobly not reach the highs we are expecting. Looking at the 52 week numbers we are up almost 150%. Any misses at this cc due to weakness in Europe and around the rest of the world could bring us down even with rosy projections for the next 2 qtrs.

34.22+1.32(+4.01%)4:00 PMEDT