No question that the market has changed in last few decades....I been watching Sune and their's a stock that the hedge funds are really working....its no wonder being long is a dieing art....
Merry Christmas and have a Happy New Year
A challenge for bragging rights on how Crus may end the year and trading range for 2016.
I remember the great Louis Rukeyser on Wall Street was famous for his end of the year entertaining
guests such as late Marty Zweig, Frank Cappiello, Carter Randal, Gail dudack and the gang who would pick their favorite stock performers and also project how the dow would end the year.
So here goes bragging rights....I see Crus ending the year at 30.6 and next year trading between 29.75-38.25...Merry Christmas and Happy 2016 to all especially the eternal Longs.
Wow the memories....I remember it as you recollected and I remember making some good money back then...I think Teo actually resigned in april of 2001 and cirrus had a huge stk buyback then....Hackworth went on to virage logic and epicore software whereby virage was acquired by synopsis or somebody and stk did pretty good....no question cirrus has been an interesting stock and an interesting ride for the longs....
I am inclined to agree based on what we are seeing in trading recently...but I don't want to jinx anything..I have been wrong more than once on my forecast of crus...I believe w/ good earning report & revenue I am very optimistic but let's wait and see
I saw their announcement this morning and it makes sense...they are trying to shake the trees from the weak hands since the stock is oversold....patience will be rewarded
there are entities out there that want shares at these prices and lower....hang on for better values
Not sure but also had AH 6K+ trade for 28.99....our vol was tade over avg....I would like some of this hedge fund money that is sitting in cash to buy into crus....I'm betting volume will be up on Monday
I sold my position last wk and took profits....and I repurchased changing my cost position....if crus goes lower I will buy more....not sure how low this market will go...