...a number of different holdings just like me, and watch a lot of different things in the market. It seems like less and less stocks are pushing ahead in these rallies. Just looks like the great Bull Market run we've had is running out of steam. I've made a lot, but I'm thinking about moving mostly to cash for a while. Anyone else?
It would also be interesting to know what is the average purchase price for Royce on their 4 million shares of Crus, I haven't gone back to look at all of it. Maybe even more interesting, is the Fund manager who bought them still there!! LOL
It would be interesting to hear Royce Premier Fund's take on this, since they own over 4 million shares of CRUS (as of year end). There are some other funds that are showing modest accumulation this year but Royce has the most by far.
Without some fantastic news, no. With some fantastic news, yes. And higher. Financially the company looks better than many others. But investors want growth and/or big growth POTENTIAL. That's what they have to show everybody. Some Apple analysts feel strongly that Apple should buy a few of their suppliers with all that cash. You would think they'd want Cirrus Logic for one at least. But Cirrus appears to be headed in the other direction, I doubt that would agree to that.
Is my profile really that interesting? Nah. I've been a larger holder in the past locking in a profit, have a much smaller position now which is currently at a loss. Bought it on the way down to this level. My post is out of frustration from waiting. I'd like to buy more but this stock can't seem to hold onto even the smallest gains. If it ever starts to show decent upward momentum, I'll probably add to my position. It just looks like dead money, been that way for a while.
CRUS can't even hold onto a 1/10 of 1% gain. It loses everything it gains. Look at last Thur and Fri. This stock is like a heroin junkie that needs a fix -- really bad. Might be on it's last breath.
At these levels, yes it's hard to find something to invest in other than short day trading. Unfortunately Cirrus Logic did not participate in the same way as some other tech stocks like Western Digital. That one is staying up at it's very lofty levels. Cirrus Logic did that for a short while, then back down it went......
Large mob seen heading for Citi's offices earlier, some carrying burning torches and pitch forks.....