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Cirrus Logic Inc. Message Board

  • wade4profit wade4profit May 23, 2013 3:28 PM Flag

    stay away

    These semi stocks that supply the big boys always get squeezed in the end. They are never good long-term holds. If 17.30 support breaks it will easily sell down to $15.

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    • That is correct. CRUS has no support even here. These are not buyers on the bid. They are shorts covering. The company will stay in business and the owners will do well but those that purchased at 25, 30, 40 will not get their funds back despite all the rhetoric regarding no debt and making money. In the market you require growth and they are being squeezed out. AAPL has their own problems now and unless CRUS can obtain some new big customers they will not be a good investment in the stock market. That doesn't mean that after it drops so far that a brokerage won't buy a bunch then upgrade and give a few positives for a 2 or 3 point run but those that bought at the numbers mention will probably not see them again.

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