Catch a falling knife ring a bell? I got out at $135.35 and really happy, this is a $20 stock.
Looks like its heading back to $22.00.......................
Sentiment: Strong Sell
You are right - I dumped it today on your recommendation - Thanks for your help.
What Snapchat/Facebook Means For Social Media
Nov 17 2013, 10:08 | about: FB, includes: GRPN, SOCL, ZNGA BOOKMARK / READ LATER
Disclosure: I am long INTC. I am also long several other tech hardware stocks. (More...)
For the two of you who were on the beach sipping mojitos and haven't heard yet, Facebook (FB) recently offered to buy out Snapchat for $3 billion. Snapchat's two co-founders, with all the wisdom garnered from their 6 years (combined) as adults of drinking age, turned down the deal.
Why? They seem to think the company is worth substantially more than that. I would question their judgment, but I'm not really in a place to do so: after all, in today's market, revenue-less companies command a valuation premium. We must ask the question once again: why? The prevailing logic seems to be this: for a company with zero financial history, pie-in-the-sky projection #1 of $100M first-year revenues and 100% CAGR sounds just as reasonable as pie-in-the-sky projection #2 of $500M first-year revenues and 200% CAGR. When all the numbers might as well be pulled out of a hat, why not pick the ones which make you worth the most?
There are many lessons to be learned from this. For example, for any college students out there who are reading this: if you start a company that makes no money and somebody offers you never-work-again-and-buy-a-fleet-of-Lamborghinis money, you should take it and go start another company to optimize your risk/reward. More on the topic of investing, the implications for Facebook are so obvious that they almost don't bear mentioning: Facebook is clearly trying to re-engage with teens at any/all costs, and when all's said and done, they'll probably burn through another few billion on acquisitions of companies with immaterial revenue. Whether FB can monetize its existing platform to an extent great enough to justify its current monetization remains to be seen; the challenge gets more difficult if they spend all the cash they generate on even more to-be-monetized platforms.
Sentiment: Strong Buy
That same guy said to stay on the sidelines on the 11th, I guess he changed his mind, I loaded up last week and think CRUS will get back to $22 fast.
Go buy yelp and get off this board - harassment......................... I am reporting you to Yahoo...
Sentiment: Strong Buy
Why I Just Bought This Dirt Cheap Tech Stock
Nov 15 2013, 11:31 | 33 comments by: Ashraf Eassa | about: CRUS, includes: AAPL
BOOKMARKED / READ LATER
Added to your bookmarks on the Seeking Alpha homepage
Disclosure: I am long CRUS. (More...)
In my previous article, I had raised concerns that, despite my belief that the fears of Apple (AAPL) socket losses on the part of Cirrus (CRUS) were probably overdone, the loss of both the iPad Air and the iPad Mini audio amplifier sockets was likely to #$%$ investors and sow the seeds of doubt. However, some new information has come to light that clears up a significant amount of the doubt. While Apple did indeed go with a Maxim (MXIM) class D amplifier in the iPad Air, it appears that Cirrus kept the iPad Mini Retina socket, which serves to invalidate the recent sell-off based on the iPad Air socket loss news.
While the iPad Air featured four Maxim Class D audio amplifiers from Maxim (they were small and hard to find), the iPad Mini with Retina display very clearly shows a pair of larger, Apple-branded audio amplifiers. This highly suggests that Cirrus - not Maxim - has this socket.
Jeffries Was Wrong
In a note published by Cirrus bear, Jeffries, the firm noted that Apple "probably lost the iPad Mini with Retina" and made the bold claim that Cirrus was likely to eventually lose all of the Apple audio amplifier business. Well, it seems that these fears were highly overblown as only the iPad Air features the Maxim part. While I had originally assumed that the Maxim part may have been used for cost/size reasons, it is interesting to see the (possibly) lower margin/lower ASP iPad Mini come with the larger Cirrus chips.
Further, it's interesting to note that while the iPad Air is likely to serve to - in some capacity - rejuvenate Apple's 9.7" iPad sales, the iPad Mini is likely to far outsell the iPad Air as the secular trend towards smaller tablets is pretty well understood (and the iPad Mini offers no compromises over the iPad Air - it's just a screen size variant).
At this point, it is much more likely that Cirrus wins back the 9.7" iPad audio amplifier socket in the next product cycle than it is for the company to lose every one of its Apple sockets. The fears are indeed overdone.
I am buying shares
With the stock near 52-week lows, and with the biggest weapon that the bears had to keep the stock down largely defused, I have taken the opportunity to purchase an initial batch of shares with additional capital ready to be deployed into more shares. While the shares may go lower, I believe that the risk/reward in light of this news (and in light of the company's dirt-cheap valuation and healthy exposure to Apple) now favors a long position. This is a volatile stock, make no mistake, but it is also a compelling one for investors looking to bet against what appears to be a very flawed bear thesis.
That is BS and you know it, CRUS will head up next week.
Sentiment: Strong Buy
The most I would pay is $3.75, so good luck to the longs that held it here. I am out till the next free fall. Made good profits on it. Just moving up too fast for me! ;)