What the h.ell? This is crazy. Are you buying more?
CRUS doesn't look good....
crus is dead. even if earnings is ok, nobody believes the future now:
// The Apple report clearly was a negative for Cirrus Logic CRUS -11.36% , whose shares were down 9% Thursday morning.
Freedman identified the maker of audio processors as having the largest exposure to Apple, with an estimated 72% of its revenue derived from the iPhone maker.
Cody Acree of Williams Financial put Cirrus Logic’s Apple business at more than 60%, writing in a note that the chip maker “will definitely feel what looks to be Apple losing market momentum.” //
I didnt get up early enough today to get the shares at 27 flat, but I would have liked to. I just doubled my position afterhours yesterday at 27.80.
I will hold through earnings. CRUS is setting up for a pop, charts say it needs to test 36, but ill sell at 33-34.
Unloaded Silver yesterday and glad I did.
Man..I hope you're right. I have 600 shares on this baby. It need to get to $29.20 for me to break even.