To anybody short watch out as this stock isn't any bs stock. It's the real deal and soon you will be forced to cover your short. I wouldn't be surprised If big news comes out before the open on Monday. Be yea carefull shorts.
Sentiment: Strong Buy
This past week saw CLIMATIC selling after 4 months of gut-wrenching losses for shareholders. If you even half-way were thinking about selling your shares, you did it last week for sure, or before. Additionally, you had MANY, MANY investors and institutions who HAD to sell because of massive margin calls.
When the tide changes with a huge, huge up move next week (and then another follow-through up day the day after) there will be CLIMATIC buying thereafter. Then, instead of talking about all the fools that bought at $700, they'll be talking about all the fools that didn't buy at $450.
This stock is trading back down to where it was 1 year ago, (down 38% in 4 months!) AND they have 60 billion MORE in cash. Timing is everything, and the time is now.
hopw your right, the key question is has it reached a bottom. Barring any new news about product or deal with China Mobile the overall negative sentiment could drive the shares closer to $400 than $500 short term. I sure hope that's not the case, my avg. price per share is $480
I think it could've rebounded to 450+ and settled at 450 close yesterday if it wasn't a heavily manipulated op ex day. Next week could be green all week with accumulation starting early next week and some good news coming out of macworld thursday/friday