Nothing said today is that different from past cc, right? So, this is an emotional sell-off....HIGH Volume...This is it...the Capitulation long term investors have hoped for...If you can BUY some here, and lock it away for a while!
Sentiment: Strong Buy
no way dude this was a huge change.
"• Increased pricing pressures in the smartphone market
• Gross margins expected to be in the mid-40’s
• Revenue for fiscal year likely impacted by expected decline in
At the CC it was margins returning to normal and moderate revenue growth. Where is the tier 1? Where is the expected increase from new apple products? Where is the insider buying? This is dead money. I am actually worried about the read through to apple as either Crus isnt in the new products or apple doesnt have significant new products or someone is lying again.
Get out. Cut your losses. When you have better information make a more informed decision.
Sentiment: Strong Sell
It's going to be very choppy today...but if you believe CRUS is here to stay, and is going to ride the AAPL, LED and other great waves...don't worry about the short term gyrations.
Really questions: IS CRUS irrelevant going forward? Will they stop growing? Will they stop being massively profitable?
Every time I buy that falling knife I get stabbed...19.50 has now become 19.35. I'd much rather wait and buy on the recovery .. I added yesterday at 21.xx and got my #$%$ hadn't to me....Should have known better