Very oversold- good entry point.Cypress Semi Started At Buy By Nomura >CY Last update: 3/22/2012 4:21:48 PM (END) Dow Jones Newswires March 22, 2012 16:21 ET (20:21 GMT)
nomura is trying to get their favorite customers out of cy at highest pps possible before CY tanks-a-roo
If you check the After Hours trading you will see that after that "upgrade" the price of Cy is High 15.31-----Low 15.28!!Sorry you took the bait!Wahoo!CBS/cbs
It appears that the upgrade DID cause an upward bias in share price at least for today.
;-)They own a lot of CY stock and are trying to boost the price a little bit so they can cut their losses!!I ask you--what would make anybody but a Dumb Butt buy CY after their warning???Use your own head and do not depend on Brokers to guide you!Yours is a fundamental financial error that sucks in a lot of rookies!Good day!CBS/cbs