Profit taking, it will rebound. Cramer did not place a sell on mrvl actually he had the ceo of mrvl via sat on his show and made a strong buy on mrvl. He did state to keep appl and sell mrvl to be diversified. Do not feed into these shorts that want to see the stock go down for their own gains. Look what analyst are saying about the Company and decide on numbers, next earnings will bring mrvl over $22. Company is making very serious money. Look at the rest of the market and see how many days it has been that we have closed negative.
""Meanwhile, Roth Capital analyst Arnab Chanda today repeats his Hold rating on Marvell (MRVL), while trimming his estimates on the chip maker due largely to the fact that the company’s business with the hard-drive sector is tracking towards the low end of guidance."" From Barrons
Be careful what you wish for people. There have been a lot of people on here praising the shorts, and asking them to short more so they could" buy more MRVL cheaper". Instead of all this hyping and bashing, how about we just post actual NEWS? The waters around this stock are so muddied right now with conflicting and divergent viewpoints that it's bound to stay rangebound for quite some time.