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Silicon Motion Technology Corp. Message Board

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  • blue_devil_ninetynine blue_devil_ninetynine Dec 30, 2009 1:57 PM Flag

    Too bad...

    It doesn't look like my wait will be fruitful. I'll give it another three weeks though, to see if I get lucky. Perhaps buy more on a dip in mid January.

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    • I think January will give you oppurtunity to buy more, where the price will go I'm not sure.
      I think this market is headed for a healthy correction. We've made higher highs on lower and lower volume, ADX on the indexes are way low.
      %change for this quarter may be perceived in 2 ways (decreased based on an elevated original EPS or increased based on revised down EPS).
      Remember 4Q08 was ok, but was revised down when the cost of goods sold was increased because of write-downs.
      It will be interesting to see how the street sees the EPS.

      Think of it this way, if SIMO had to divest itself, how much would they get? Is that price below or above today's price?

 
SIMO
50.26-0.87(-1.70%)Sep 23 4:00 PMEDT