do for ALTR what he did for Bear Stearns buyers? Now if there is no deal at least Altera's longs do have a bottom somewhere in the $30's unlike the Bear longs before the collapse.
However this firm's debt/cash ratio is very good combined with a low float. The market will shake out initial investors with big gains for awhile longer then I think you may see shares start to climb and try and squeeze some shorts at the same time once that shake out occurs.
Two sides to that thought....one the weather is a lot better allowing people to get out....two it would appear there are less sick people around now.
Maybe I'm naïve but when Cramer flipped on RAD earlier this month he suddenly said that maybe shares need to go to $7. To me that was a tip off that his hedge fund brothers are selling and shorting shares. I'm not sure if they get there but they have been acting horribly recently just look at today.
I don't know about that level but if the market stinks this week I could see a $15- 30 giveback but who knows with this stock anything is possible.
I don't know about future growth China is a big possibility but this is way overdone on just one earnings report I would expect some give back soon it just makes sense after such a huge move in two days.
I'm reading Intel will pay about $13.4 billion for near $2 billion in revenue. My question is why? One analyst (Doug Freedman) said they would be better off buying back shares with that money that it would be more accretive to earnings I kind of agree. I guess good and bad deals happen all the time and this looks like it would be a klunker down the road.
That range has worked the past few days however soon I would expect it to break one way if no news next week down and of course if there is a bid it goes higher.
even though it's a Friday with the various scares out there I think investors may have realized that shorting the Chinese markets and Greece are not the end all and with the Fed heads out doing 180's the last few days you may see the rally continue on Monday. That's a lot of "ifs" but this could be a new up move for MU based on todays action. Stranger things do happen in this market.
I'm not in but watching since they reported but I don't know this feels like it wants to go higher. The turning point may be when it stops going up if the market recovers. Also each day can be different action in the shares. I'm wondering if it's like the reverse of a company's shares getting hit and you wait 3 days to start nibbling possibly this will rally for 3 days then get hit with profit-taking. Who knows right momentum guys and hot money are in the shares and as quick as they get in sometimes they leave as quick leaving investors scratching their heads.
Remember where RMBS used to trade years ago then it fell off the cliff to single digits when the market figured out that they made most of their money through lawsuits protecting their patents instead of real growth.
I don't know about too many warnings but it is hanging in there today in a bad market. It has been holding in a lot better lately. It may actually close green today that would not shock me.