Sit, wait and wish my fellow trader! Crus is dead money until they can report solid earnings AND give positive guidance, OR another company buys them! Shorting in the low 13's is a no-brainer!
we shall seeeee! this stock with volume can do $2.00 in a day!!
and it does have solid earnings 40 cents-the story is not over it is just beginning.......typical ABC pattern, parabolic rise, then sell off, then another rise....when it recovers to 200 MDA watch out!!! traders will fall back in love with it, and trust me they are are watching this one!!
Or they announce a substantial contract win.
When Cramer stated essentially your same assessment the night Rhode appeared, he was echoing the street's sentiment as well.
If CRUS didn't pop today it's not gonna until these catalysts occur.
The worm has turned. We're heading into the small cap effect when MMs buy the riskier small caps. Everyone knows the sell-off was bogus; it shook out the weak hands and allowed the MMs to get in cheaper.
Now watch the MMs make this puppy soar.
Never heard it put this way before, but I guess you can say that the catalyst will be when it breaks up though its 200 dma of $13.38.
A catalyst is usually taken to mean some sort of external occurrence that causes a stock to move.
But what you're saying is the stock's movement itself will be its own catalyst. Sounds a lot like levitation to me.
And I'd agree for the most part too.
But CRUS is in the category of a once high-flying stock that disappointed, lost it's mojo and fell harder than most. In fact it started fading way before earning.
If things go right it should come back eventually but it'll be a long haul before it proves it to the street. Just to get back to where it closed the day before earnings it'll have to appreciate 26% from here. To get back to it's 52 wk high of $21.20 it'll have to rise 63%. from todays close.
As long as the short float stays near where it is, the share price will too.
F went to 9 from 14 look at it now
bx went to 8 from 15 look at it now
they are all the same, trading stocks just like crus, the smack down was made worse by crammer and rumors of aapl dropping them...imho