Cypress Semiconductor Corporation Message Board
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what is up with CY? dropping like a brick lately
I bought in a 23.35, immediately after dropped like crazy. WTF is going on with this stock?
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50% retracement 24-6 = 18
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its all the chips.if you can buy more at this price
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maybe
The bubble could be a “slight negative” for Cypress Semiconductor (CY), and Texas Instruments (TXN), he writes.
I would note that TI said last night on its mid-quarter conference call with analysts that the tablet market appears at the moment to be “strong.”- 1 Reply to boredwithdarts
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Hey guys, CY went up like a rocket and this is just some back filling. I hope it drops to $17 so I can load up some more. This company is a big winer in the long and medium run
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I bought in at $23.05 and am lossing $1K for every $1 drop. It sucks....so what sell now and wonder why you didn't hold on?
I'm holding with the only regret that I didnt have it in cash to buy now at these lower $$.
I'll sell when it hits $31.00 later this year. than all this will just be a blip on the radar. -
You asked: "What is up with CY? dropping like a brick lately"
CY is undermanaged; over-bought; arogant; and could easily return to single digits before 2009 ends.
Your Mayor from the Pink Flamingo.
CBS/cbs- 1 Reply to craig_buck_smith_is_back
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IS THAT 2009 AD OR BC?
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I'm wondering the same thing. But tech is weak recently so CY is probably just moving down with the market. Also, CY has had a huge run the last two years, so a pause or pullback would probably just be healthy and normal. $20 looks like first support. This is the area from both Jan and Feb. If $20 doesn't hold, it could easily come down to $18. Let's hope it will stop at $20.
- 1 Reply to don_mccracken
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If the move down was about the business I'd be concerned, but it isn't. It's about profit taking, oil, and today a (ignorant) downgrade of the semi sector.
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