rjb, why did you think a "move" was going to happen in June?? You know that this board has been littered with predictions galore going back 2-3 years that never turned out to be true. Usually, it's the "optimistic" predictions of Cirrus increasing in value that didn't turn out true......even the best minds here like Grade and MK were absolutely wrong. Why do you think you know better? Don't try to predict. It only makes a fool out of yourself. Prediction in the stock market is incredibly tough. If it were easy, every one would be multi-millionaires.
Pete of CNBC (not sure what his last name is) said during a "lightning round" that get in on Cirrus, it is going higher. Obviously you take these recommendations with a grain of salt. In 2 weeks, they could very well be stating the opposite if the winds change. However, these high profile people can provide a catalyst for a run, much like Cramer did back in 2011 for Cirrus.
Grade, I'm not sure what you mean by "35 17 26 35". Are you saying these are key resistance or support points on the chart? And the first "35" occurred back in July 2012, when they announced the huge Sept and Dec quarters to come leading to the first iPhone 5 ? And the next 35 is timed for sometime later this year? You write in shorthand, so I sometimes don't fully understand what you are saying.
Al, it's good to see you - at your age - on a computer going through the internet. That's amazing. My mother, who is just a bit younger than you, will have nothing to do with it. She just hates learning anything new. However, with the iPad and ease of touch of a finger, she's a bit more willing to work with it. But she'll never pick it up by herself. I have to show it to her and get her to push the buttons.
Thanks Al and Grade. Funny thing though, Apple is up only 1% today. What I'm amazed at really is how Apple has really gotten back to form. A year ago, everyone thought they were dead. And now it's at $95, or a pre-split adjusted level of about $665, just $35 shy of their all-time high of $700. I never thought that they would come anywhere close to $700 for many years, if at all. Their planned larger phones should sell very well. I know for me (and I'm not all that old), having to read off a small screen is tough.
Looking at the detailed daily chart for today, there were moderate to wild gyrations in stock price. But as of almost an hour ago, the stock price has flat-lined at exactly $24.00, not really venturing outside $23.99 - $24.01, barely a 2 cent trading range. How does one explain this? Is it simply a lack of volume? Or is there something or someone using techniques to control the stock price (if that's possible)?
I watched the TA video on Cirrus, and Boxer states that Cirrus may hit low $30's in the intermediate. What would you guys say is "intermediate? 6 months? 12 months? The language is always so vague with these analysts.
Also notice that the volume in Cirrus trading really picked up in the last 1-2 hours. Does this mean a continuation of the surge tomorrow? We'll see.
Thanks MK. Another thing that may have caused this pop is that Skyworks upped their guidance today. And they are reporting that the "Internet of things" is coming along very well. Sky is up almost 6% today, as Cirrus is up almost 5%..
You are going too optimistic again. Remember about 5-6 months ago, leading up to X-mas and the China Mobile deal? Who was right in that bet? I was. The whole board, before MK left and Grade lost his enthusiasm, were all about Cirrus really taking off and making off big off the CM deal. Many thought $30/share by New Years, I thought the same thing....I WAS WRONG, along with many others.......REMEMBER THAT?!?!. How did that pan out?!? So now, Apple has squeezed the hec out of the their suppliers (that's what I meant by lower price points) or lower "ASP's", avg selling price. That was inevitable. That's why Cirrus old off big in November 2012......from the top of $45/share (Jason sold then too). Felts asked about margins during the CC. They were right.
So now, where are we going? What's going to drive growth? Will the new acquisition do it? I certainly hope so. But there's nothing in the near term to do so. That was my point in the previous post. Will the new products from Apple take care of the revenues?? I dunno. Do you? What other opportunities are there?
Again, I have huge, huge amounts of money long in Cirrus. Please, do not act like I'm a short of have some other interest for Cirrus to fail.
At this point, there's not much that's going to drive CRUS higher or lower in the short or medium terms. All the bad news has been priced in, and all the potential good news from the recent acquisition has been priced in. People have long known Apple's situation and it's relation to Cirrus in terms of volume and lower price points. At this point, Cirrus is just floating around, driven by short-term traders. I don't see big swings anytime in the near future, short of some big news we currently don't know about..
How can Wolfson solve the resource issue with employees with Cirrus? Think about it. If Wolfson was making X amount of revenues with Y amount of employees, and with the acquisition, those same Wolfson employees either work with the same existing client/customer base, or work with others. In other words, it doesn't increase the revenue/employee ratio. Now, with the acquisition there is room to "reallocate" resources which can create efficiencies. But the basic ratio is still there. They got more employees, but Wolfson had a revenue base also, which needs to be attended to....the acquisition of which was paid by cash and a bit which was financed by debt. It's all up to Jason and company about how they allocate and manage all this. I hope they hit it out of the park. The market seems to like the acquisition. That's reassuring.
Yes, and they wrote great articles,,,,many many,times when Crus was trading in the $30-40's. And what happened after that?? My take. This means nothing. No one really knows. No analyst knows what's going to happen. No one on this board knows whats going to happen. Not even Jason, to be honest. They have some short term perspective, but beyond a certain time span, there is too much chaos and chance to abruptly change the scene. If you're a much bigger company like Texas Instruments (TI) or Intel, you have more perception over the longer time horizon.
Having said what I said, at least it was a positive CC. And the stock has bounced up nicely. After what we've been through in the last 15 months, it was nice to actually see the stock rise after an earnings release/CC.
Colie, you know all about trying to predict Cirrus. The second Cirrus runs a little, many on this board (including me - I try not to do it anymore) trot out their 3 month, 6 month 18 month predictions. And more often than not, it's us longs we get overly optimistic. Remember just this past X-mas? Many of us here in Sept -Oct timeframe were almost sure that Cirrus would hit $30 by the end of the year, what with Apple coming out with the "cheap" iPhone, it would be gangbusters for Cirrus. Not to mention China Mobile!! What the hec happened there? There was no pop...at all. 5% was it? None of that happened. Jason sold his shares and $30 wasn't even remotely hit. And 18 months ago when Cirrus was in the $30-40's, everyone thought $50-60 was within 12 months away. Just be wary about these prediction. Always expect the unexpected.
So the next logical question, if in fact, it's Amazon, is how much revenue could Cirrus expect from them? Anyone with any ballpark figures and timeframes?