Extremely High Volume Intraday...notice very little down-trends, few end of day profit takers...they want to ride this pony...afterhour, buyers again...Slight resistence will be found at 3.12, but with market momentum, Monday, may break and then to 3.50. Yes, when we move past 3.12 we're going for a big score...
I have a challenge for someone: can anyone explain why ATML is so great and going up so much, but many other chip related stocks like AMAT, TXN and INTC gain very little relatively speaking?
The typical response of "Because ATML is great and the other 3 are crap" doesn't cut it as an explanation.
Is there something unique about ATML that makes it the greatest chip company around now, or do people just randomly pick favorites to buy like crazy and this month's choice was ATML?
For the life of me I'll never figure out why certain stocks like ATML recover so quickly and are suddenly so loved, while other stocks like AMAT (or non-chip stocks like SUNW, NT, and LU) remain hated and despised. For every 10% ATML gains those other stocks might gain 1%. For every 1% ATML loses those 3 might lose 5%. So you see, ATML and several other hype stocks go up far more than they go down, while all the big cap techs that certain other people have go down far more than they go up. It's called fairness. After all, it's only fair that the most beaten down stocks go down the most and up the least, while the least beaten down stocks go up the most and down the least. Another phrase to describe the way these stocks act is "the rich get richer and the poor get poorer".
Interesting question. Probably many reasons, but one major one IMO is that ATML was beat down more when compared to the others and had a lot of room for price appreciation before getting back on "par" with those you mentioned.
At what level will we reach par, I certainly don't know, but I think it would be in the 5-6 dollar range. After that we may not see out performance. If we get a recovery, I believe that ATML should see at least $12-15 at some point in the next 2 years (just based on ~50% of its previous cycle range).
I understand the bewilderment about why some stocks go up so much more than others, etc....
I don't see anything specificially as to why this stock was so strong today......A guess might be......that the shorts were covering....called a squeeze.......I do hope it was something more, maybe some news leaked about upcoming event......
break yor bubble but good stocks always leap over aveage. the problem is figuring out good vs bad. look at gnss, a triple over the last month. i was going to buy some calls but didnt have the faith. stocks go up for lots of reasons, none of which has to do with fairness, logic or what we think. there are many who believe this is only a trap in the making. the only true response is time. time to look back and realize u made the right decision.