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Cirrus Logic Inc. Message Board

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  • hageneriksson hageneriksson Nov 6, 2012 2:08 PM Flag

    stock bottoming out - might be worth a scalp trade - but still a bad long term idea

    and perhaps we should mention the tiny little problem that CRUS derives 90% of its revenues from AAPL, can be outdesigned at any time and even if they manage to keep the relationship this will come at the expense of margins. Finally they are have to pray that these AAPL products become megasellers.

    CRUS is one of the worst long term holdings I can imagine at this point as the risks outweigh the chances easily. It's just an unnecessary risky way to bet on Apple. Buy AAPL instead.

    While a bad long term holding the stock is a great trading vehicle which is quite easy to read. Stock has settled after some days of intense pressure (which made me money on the short side) and starts to bounce a little bit - picked some up at $32 and will sell them for $35 this week.

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23.37+0.19(+0.82%)Jul 30 3:59 PMEDT

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