I would expect another pullback below $15. The LED market is flooded with excess inventory, and the CDO portfolio these clowns are still holding will come back to haunt them. Did I mention that the end of October spells trouble for their debt? Oh yes I did but the nay sayers told me I was crazy along with my $20 price target.
I told you this stock was headed way South. The stock has been slowly pulling back for a month now because the smart money saw the very issues that I took the time to explain. Now management has decided to come clean and admit that their gross margins are going to get smacked.
Like I said maybe I will nibble on this one when it gets below $20.
I don't see anything that suggests that the tax holiday is tied to the relocation to Dallas or that it will be coming to an end.
And if we run outta beer I'm just gonna have to drink something else....
Have you ever heard of a "tax holiday" in perpetuity? Unless you are Irish all holidays come to an end at some point, and if you run out of beer then the Irish holiday will end also.
Like I said I am not short the stock. In fact you would have to be an idiot to short anything in this market with that madman Bernanke printing money like he is. It would sure explain why rice is going through the roof with all that rice paper being injected into the system.
We shall see what happens on October 1 2011 on what the bond holders do, as for me I am not a gambler and will sit on the sidelines to see how it plays out and keep what gains I made.
Good luck gentlemen, and I hope it truly works out for you. There are a over a 10,000 babies to kiss and I am not married to this one. If it runs up then so be it, there are other stocks and bonds to invest in.
With all due respect, I'd save my breath. The guy is a shorter who is simply trafficking in misinformation.
He keeps bringing up the same issues peppered with what appear to be "reasonable" doubts. But, the arguments are specious.