not elx, xle, the oil etf, oil at 12 yr low, xle at almost 2x 12 year low. Something's got to give to get it re-aligned.
think thelittleone is off pumping something else, like FB, lol.
No, I did not buy any, awful tempting though, such a low pe.
Waiting for two things: 1. elx to capitulate 2. ntap turns the corner on top line. This next cc coming up will be interesting. According to what they've been saying, next Q should start the turn.
per last cc, they are not looking for new CEO, but most likely trying to find a buyer. Surprised after 3 months, they still have not found a buyer.
Memories have always been cyclical, boom and busts.
The rise to $18+ 2 earnings ago was the prediction from management that things will be different this time for this bust. That from the consolidations, this bust will still make money.
Fast forward to the last cc, when they predicted losing money for this Q. That said that this bust will look just as ugly as former busts, when all participants lose $bs.
aapl/qcom, confirmed sales of high end smart phones slowed, can't be good for nand and LP drams.
Everything way oversupplied. This bust same as other busts, all participants lose $Bs. Suspect MU is toast for 2016, until we get to something for 3dXP in 2017.
"Is Bank of America on life support"
Looks like BoA is going to get a hit from oil loans? If Saudis and Putin don't let up, I stand by my prediction that market will be close to bottom when xle capitulates.
sndk got $87 buyout from wdc a few months back, stock dropped 11% to $61 today, no doubt that buyout is dead. Suspect that will put pressure on other buyouts, at least high buyout prices anyway.
only question left - is it manufacturable? even assuming it is, the learning curve hill will not be easy to climb. But then we have two of some of the most capable chip manufacturers working together here.
spoken by someone who evidently has zero deice knowledge nor system knowledge eg. "if the price of DRAM falls dramatically, it may make sense for clients to simply buy more DRAM, relegating 3D XPoint to niche status" 3DXP jump starts applications that are hard to do today with either dram or nand
hopeless market !
but at least xle is going down slightly greater percentage than oil. My suspect when they throw in the towel for xle, we should be near oil and market bottom?
unless... unless.... word is out on the street they are going to flip off another $1B for something additional? I think
one guy has been selling the whole day, whenever the stock moves up 5 cents, the guy dumps tens of thousands.
that seals the deal - linux from this point on. There is nothing I need to do that I cannot do in linux.
so did I, thought they were already sampling customers eg. news of Hauwei building systems around this. This new schedule is a 6 months to 9 months behind what I was thinking.
Not only that, 9ms latency vs 73 ms vs NAND. This is good for replacing flash, but will never touch dram at ns type latency. That's 2 orders of magnitude slower than DRAMs. DRAM guys will live a whole lot longer.
Since the leading indicator is oil, I suspect xle/oil EFT might be a good guide. At this moment, oil at 12 yr low, but xle is almost 2x xle's 2x low, ala far from bottom yet. I would not say xle will match 12 yr low, but would expect it to get close to it.