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Analog Devices, Inc. Message Board

  • dannynguyen76 dannynguyen76 Jan 14, 2013 10:23 AM Flag

    Johnson, CRUS

    I hope you sold it last week, and buy back today

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    • I forgot to post, but I dumped CRUS last week on a big morning spike one day. Forgot to post it. But, I just bought back in AH. CRUS can be very volatile. I used to trade it every day, exclusively. You can make $ on it fading the morning gap most days, as that is it's normal pattern, kind of like BTU, which gaps up @ the open, but quickly sells off most days. Keep in mind that this drop was on Apple's lowering their orders for Iphone5 parts only. But Iphone5 chips are only part of what CRUS makes for APPL. They make chips for Ipads, and everything else "I". They also make the sound chips for all Android phones, including Samsung, which just posted record earnings/sales. Crus also makes LEDs and LED dimmers. They are the only makers of LED dimmers. Apparently, regular dimmers don't work with LEDs. I see this as a buying opportunity, not a disaster, so I bought today, expecting a gap up in the morning. If it doesn't come, I will sell . Still, this normally runs into earnings, which are the 23rd, and I expect it to run now. The sell off was way overdone, IMO. Picked up 1000 shares today. This is a tough market to be long in, as a significant correction is over due, IMO. That's my only caveat. We don't know when a correction is coming, but hopefully it won't be before the "debt crisis". I don't see CRUS going lower from here before earnings. When we get into last week of Jan, beginning of Feb, I would expect market to start a sell off.

    • I didnt sell it last week. I was going to hold until Next Wednesday. Anyhow, i will look to add if it drops to 28.

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