nice move today on CRUS!! glad to know you miss me!! hey I am still sidelined, love this stock, yes a close over the 50 MDA is good! here is what I think CRUS goes to 22.50 and pulls back again before earnings...thats my opinion...I am doing great trading the SLW and FCX, they move FAST!!
my hesitation is my portfolio is full, and the way the world is, I will not trade on margin!! CRUS has gotten swept under me too many times!!
lol. I love your confidence, I'm long Cirrus and I hope that the stock gets back to where it belongs in the upper 20s. Though I do appreciate the feedback from both perspectives, especially when it's not just Austin throwing out fake warnings under 7 different profiles.
Kb offers good insight and at least backs up his logic with relevant/useful information. Not everyone is going to believe it's always the best time to own a particular stock besides he is the first to tell you that Cirrus has good fundamentals. BTW you sound like you've owned Cirrus less than 6 months because if you were around 6 months ago they were selling out of Iphones and Ipads and the stock dropped by almost 50% from 20 to 12 so it's not all about the Ipad 2.
Actually, I have owned CRUS less than 6 months. I bought at $15, then loaded up at $12 in October and continually stated my reasons for doing so. I sold on the run up in the low and mid 20's and recently was able to buy back right around $20. The stock dropped from $20 to $12 because of the crisis in the gulf and lower sales of oil drilling chips. Thanks for trying to inform me about the company though. And for what it is worth, those who held on the belief of strong Iphone and Ipad demand were rewarded eventually. CRUS just dropped over 20% and we had a "chartist" telling us not to buy until it reached his point. Yeah, thanks for that.