I find it ironic that a computer bot "writes" a news blurb about Cray being a candidate for reversal. I just read "Our Final Invention" by James Barrat and highly recommend it to owners of Cray stock.
The shitbags that write this know nothing about the business. They can only react to changes in numbers. Never trust a broker or an analyst. Complete shitbags!
This sell off is too extreme. Just another case of market manipulation and unsavy investors. Cray has stronger legs. There are street darlings valuated far worse than Cray. Do your own research on the sector. Don't trust some Wall St hack who never even heard of Cray before last Friday. I barely repect the analysts that cover Cray but at least they are aware of the HPC business cycle. The price of the shares got too expensive, too quick. This is their money to make, not yours. Ripe fruit being shook from the tree again. This isn't the distribution. This is weak hands flowing into strong hands. !!
He never saw this coming. I remember a few years ago when he pumped SGI. I hope he leaves Cray alone and just concedes that he missed the boat.
Ripe fruit being shaken from the tree. Cray has a ways to go yet.