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.
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!
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.
Back six months or so, I kind of remember a statement from management about possible forthcoming news this summer concerning LED and some other business,and that the news may bring smiles to our faces. Well so far, it seems that from reading most of the different posts, frowns are leading the smiles by a wide margin. Maybe this news will come later.