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Mellanox Technologies, Ltd. Message Board

  • tech_stock_technician tech_stock_technician May 20, 2013 11:40 AM Flag

    Who were the stupids selling at $50 two weeks ago?

    Really? Someone called for $30 / share? I guess you missed the memo that high short interest stocks are all the rage regardless of fundamentals. Why fight it?

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    • Correction I bought at $50 sold at $55. I said that and I still stand by my statement. I do not see this stock moving up in the short term. My opinion it stays put or falls. I don't really understand what you are so happy about. Ignoring fundamentals and simply buying stocks with high short interests (for that reason alone) is foolish. People short stocks for a reason. As for this stock I do not understand what there is to brag about. Earnings on this stock deaccelerated by 80% and whose to say they even make a profit next quarter due to increased inventories. Look I'm not particularly saying that this company will be trading half of what it is currently, I'm just saying that we had a nice bull run to open up the year and if you were long on MLNX chances are you probably made nothing. There are better options why speculate over this one.

      Sentiment: Sell

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