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Silicon Motion Technology Corp. Message Board

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  • newgrad2012 newgrad2012 Mar 5, 2012 8:29 PM Flag

    goin to 16s my guess is 16.30-16.60

    Thanks, that would be the same outfit that said that SIMO was oversold on Feb. 8

    I agree with the big up then big down thesis, I guess I just wasn't patient enough in my purchase, as I jumped on the first sign of stength after the 20% dip, then as it crossed my buy point I didn't sell and wait for a better entry.

    I couldn't predict the short selling / downgrade firm though, however unlike ZNGA or similar, this firm, although samll, has solid fundamentals and growing sales.

    The zacks artical also sounded like an advertisment to sell their services.

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