SWKS starting ...may catch up to others...even SNDK moving up.
AAPL hitting day's high and should help semi sector and SWKS...NOW the shorts may get hurt .
Equity Funds saw massive redemptions past week. Funds have low Cash positions....expecting a sell off in the better stocks including bios as funds face additional major redemptions.
They are selling the good stocks like AAPL, DIS,SWKS.
Overall profits reported exceed estimates...not helping.
I like both AMBA and GPRO...Impressed with price action last week. I own AMBA.Lat week it went down to $110 and found buyers to bring it back to $116. Down .08 % fpr week.
Not much of a buyer in a market where good stocks like DIS and AAPL sell off for minor reasons.
PS Adding to AMBA and starting a position in GPRO...two of the first actions I will take when market begins recovery....
Have patience...no hurry to buy anything. Equity Mutual Funds had major redemptions past week and they are low on cash...probly see more selling ...especially in good stocks like AAPL or DIS.
China is the major reason given. I agree with all you state. Unfortunately you may find the herd of shorts overwhelming. They really don't care about the truth. This was a core position for me...but I gave up after so many weeks where it closed lower than the previous week. Then the great ER dismissed and stock more than just tanked.
I hope to buy in again but I look for sustainability of price appreciation....so far not seeing it...Friday may be due to short covering....if so stock will start run again Monday . It was down 7.6% for week for NO reason .I was amazed at stocksgirrl's call.on price action.
You asked a question and I tried to explain to you WHY I didn't follow you...I did once and it cost me $2000...PPHM.
descrbed very poorly by some...not good enough to be supported by firms who brought it to the market...ugly...bought CSTE instead.
shorts waiting for pop to short more...Story not over, just starting....not the time to buy. SWKS will still be governed by overall market.
NO just an opportunity to fill up shor'ts Shopping bag...same as when it went up to 90 a few days ago..
Waiting...Patience...SWKS not a trading stock..