Seagate Tech beats by $0.24, beats on revs

4:12 PM ET 1/31/12 | Briefing.com

Reports Q2 (Dec) earnings of $1.32 per share, excluding non-recurring items, $0.24 better than the Capital IQ Consensus Estimate of $1.08; revenues rose 17.5% year/year to $3.19 bln vs the $3.13 bln consensus.

BOOOM!!!!!!!!!!
Seagate Technology Inc.'s (STX) fiscal second-quarter earnings soared as the
maker of hard drives reported sharply stronger margins and revenue increased.

While the hard-disk drive industry was hurt by severe flooding in Thailand,
the facilities of Seagate remained intact, giving the company an advantage over
rival Western Digital Corp. (WDC) and allowing it to benefit from higher
pricing and longer-term contracts with customers. The company has said it
expects stable prices this year as demand for hard drives outstrips supply. The
company acquired Samsung Electronics Co.'s (SSNHY, 005930.SE) hard drive
business in December.

Last week, Western Digital reported its fiscal second-quarter earnings fell
36% as revenue and shipments fell, though the company said it has made
"significant" progress restoring its manufacturing capacity following flooding
in Thailand.

For the quarter ended Dec. 30, Seagate reported a profit of $563 million, or
$1.28 a share, up from $150 million, or 31 cents a share, a year earlier.
Excluding items such as acquisition-related charges and an income tax benefit,
adjusted earnings rose to $1.32 a share from 33 cents a share a year earlier.

Analysts polled by Thomson Reuters had expected earnings of $1.08 a share.

Revenue increased 18% to $3.2 billion, at the high-end of the company's
earlier guidance.

Gross margin widened to 31.6% from 19.5%. The company earlier this month had
predicted margins of at least 30.5%--well above its historical average of 22%
to 26%--due to higher prices.

Seagate shipped 47 million hard drives in the latest quarter, compared with
the 28.5 million drives Western Digital reported last week. The company has
previously said hard drive shipments were a little lighter than normal quarters
because of the flooding, though the company's supply chain was able to react
quickly to increase production more than initially anticipated.

Shares of Seagate slid 1.8% to $20.75 after hours. The stock is up 31% in the
past three months.


-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;
nathalie.tadena@dowjones.com
Seagate Technology Inc.'s (STX) fiscal second-quarter earnings soared as the
maker of hard drives reported sharply stronger margins and revenue increased.

While the hard-disk drive industry was hurt by severe flooding in Thailand,
the facilities of Seagate remained intact, giving the company an advantage over
rival Western Digital Corp. (WDC) and allowing it to benefit from higher
pricing and longer-term contracts with customers. The company has said it
expects stable prices this year as demand for hard drives outstrips supply. The
company acquired Samsung Electronics Co.'s (SSNHY, 005930.SE) hard drive
business in December.

Last week, Western Digital reported its fiscal second-quarter earnings fell
36% as revenue and shipments fell, though the company said it has made
"significant" progress restoring its manufacturing capacity following flooding
in Thailand.

For the quarter ended Dec. 30, Seagate reported a profit of $563 million, or
$1.28 a share, up from $150 million, or 31 cents a share, a year earlier.
Excluding items such as acquisition-related charges and an income tax benefit,
adjusted earnings rose to $1.32 a share from 33 cents a share a year earlier.

Analysts polled by Thomson Reuters had expected earnings of $1.08 a share.

Revenue increased 18% to $3.2 billion, at the high-end of the company's
earlier guidance.

Gross margin widened to 31.6% from 19.5%. The company earlier this month had
predicted margins of at least 30.5%--well above its historical average of 22%
to 26%--due to higher prices.

Seagate shipped 47 million hard drives in the latest quarter, compared with
the 28.5 million drives Western Digital reported last week. The company has
previously said hard drive shipments were a little lighter than normal quarters
because of the flooding, though the company's supply chain was able to react
quickly to increase production more than initially anticipated.

Shares of Seagate slid 1.8% to $20.75 after hours. The stock is up 31% in the
past three months.


-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;
nathalie.tadena@dowjones.comSeagate Technology Inc.'s (STX) fiscal second-quarter earnings soared as the
maker of hard drives reported sharply stronger margins and revenue increased.

While the hard-disk drive industry was hurt by severe flooding in Thailand,
the facilities of Seagate remained intact, giving the company an advantage over
rival Western Digital Corp. (WDC) and allowing it to benefit from higher
pricing and longer-term contracts with customers. The company has said it
expects stable prices this year as demand for hard drives outstrips supply. The
company acquired Samsung Electronics Co.'s (SSNHY, 005930.SE) hard drive
business in December.

Last week, Western Digital reported its fiscal second-quarter earnings fell
36% as revenue and shipments fell, though the company said it has made
"significant" progress restoring its manufacturing capacity following flooding
in Thailand.

For the quarter ended Dec. 30, Seagate reported a profit of $563 million, or
$1.28 a share, up from $150 million, or 31 cents a share, a year earlier.
Excluding items such as acquisition-related charges and an income tax benefit,
adjusted earnings rose to $1.32 a share from 33 cents a share a year earlier.

Analysts polled by Thomson Reuters had expected earnings of $1.08 a share.

Revenue increased 18% to $3.2 billion, at the high-end of the company's
earlier guidance.

Gross margin widened to 31.6% from 19.5%. The company earlier this month had
predicted margins of at least 30.5%--well above its historical average of 22%
to 26%--due to higher prices.

Seagate shipped 47 million hard drives in the latest quarter, compared with
the 28.5 million drives Western Digital reported last week. The company has
previously said hard drive shipments were a little lighter than normal quarters
because of the flooding, though the company's supply chain was able to react
quickly to increase production more than initially anticipated.

Shares of Seagate slid 1.8% to $20.75 after hours. The stock is up 31% in the
past three months.


-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;
nathalie.tadena@dowjones.com
(END) Dow Jones Newswires

January 31, 2012 16:32 ET (21:32 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

013112 21:32 -- GMT

big day for STX, should be interesting....

Seagate Tech target raised to $26 at Brean Murray

9:23 AM ET 1/27/12 | Briefing.com . Brean Murray raises their STX tgt to $26 from $23 as STX is meaningfully increasing both its share repurchase plans and its dividend. The firm notes that STX reports Dec Q results Tues Jan 31 and they would be buying the stock at current levels, as they believe minimally the share repurchase suggests another $0.55 to CY12 EPS (worth at least $2 in stock) and they would argue at least 0.5x -- 1.0x in P/E expansion from the dividend increase.

http://seekingalpha.com/article/322589-earnings-preview-seagate-reports-q2-results-tuesday?source=cnbc

decent article, holding tight and not jumping back in yet.......

and where do we go from here.....?



gl

STX - Looking Gr8!!!

BOOOOOOM!!!!!! Awesome news people!!!!

keep an eye on STX today, WDC reports after the bell!!!

PS: there is a lesson to be learned in my sig......if it looks too good to be true, it probably is!!!

feels like i'm staring down the boggie man...:)

lol, the line of the day!


gl

With all due respect, your valuable comments are much diminished by your associated distractive chess board.

I think 25+ by summer, maybe sooner......I'm looking into some options strategies for that expectation.......maybe some cheap calls on any dip.....

i released all the shares i owned dating back to 2008.

figured i start the new year on the positive outlook.


have to be patient and try to look for an re-entry.

the question is when!

gl

I got mostly out at 19.50s......but holding 500 shares for the long ride....

i know its a long term play, but the 3 month ride was amazing, and had too pull the trigger yesterday.

looking for rentry, and have to wait.

today was impressive.

i'm curious to see what the next 2 days head.

gl to you

nice day, lots of calls are in the money......now 4 bucks over the max pain point (where the puts and calls balance to a minimum).....

I agree, been in this since 2008, the ups and downs. But nothing goes straight up!

Should be an interesting few momths!


Gl

STX is going to continue to move higher because its encrypted drives will sell like hot cakes in an environment clamoring for computer security. This is not a technical short term play, but worth a long term investment. My post #19 re-invigorated this I-Hub thread on this premisis.

i cant knock this stock, its been very good to me, lets enjoy the ride!


gl

welcome to our new mod, bob smith!!!

indeed, I have multi buy orders staggered between 15 and 18.....I expect some to fill, hopefully.....it's going to be a good year for STX...

though i'm expecting it too bounce at the $16.00 level.

if thats the case, we got something special!


gl

i agree, looking to get back in at one of the 3 supports.

will be watching closely at these next 1 to 3 levels, if ever makes it to the lowest support.


1. $16.82
2. $14.93
3. $12.20


the way it trade around these parameter should be a good guessing game.

gl to you!

I think there will be a pullback by friday, due to options "max pain" being in the 15-17 range.....

woops that was precipitous drop, wonder what guy rushed out?

curious too see where we close today. the run lasted lot longer than i expected. correction is ineveitable, or is it?

gl

sold a few @ 19.40s, but still have plenty left for the ride!!

:)............ hardware industry suprisingly good. lets see if it can slap $20

STX getting close to a multi-year high!!!

$20.00, may be.....:)

welcome!!! both STX and WDC are great stocks......I trade both on a regular basis, as well as some hold 'em shares.....

I guess people realized how important the sector is after the Thai floods.......HDDs aren't going away for a long time in this storage hungry world.......

Hey dudes! Follower #14 here and excited about Seagate's future. Not in yet but looking to be soon!


Jan. 6, 2012, 12:01 a.m. EST

How to profit from Seagate’s good fortune

By Nigam Arora
Thailand is the center of disk drive manufacturing. Recent flooding in Thailand damaged a large number of manufacturing facilities resulting in a lack of adequate supply of disk drives.

Seagate /quotes/zigman/118457/quotes/nls/stx STX -0.28% is one of the largest manufacturers of disk drives in the world. Compared to the competitors, Thailand flooding left Seagate relatively unscathed. This gave Seagate an edge because it could steal market share from competitors.

Seagate has pre-announced better than expected earnings and projections. Seagate reports preliminary Q2 revenue of $3.1-$3.2 billion compared to consensus of $2.81 billion. For Q3, Seagate projects revenue of $4.2-$4.5 billion compared to consensus of $3.62 billion. Seagate CEO, Steve Luczo, credited strong performance to Seagate's ability to take advantage of disruption caused by Thailand flooding.

As of this writing, Seagate stock is the fourth most active on Nasdaq /quotes/zigman/123127 COMP +0.81% and up about 8%.

Following are the four derivative plays to profit from Seagate's good fortune.

Marvell Technology /quotes/zigman/82457/quotes/nls/mrvl MRVL +0.85%

Marvell is a leader in providing disk controllers to the industry. Marvell's disk drive controller business had fallen off the cliff. Seagate's numbers indicate that the business for Marvel is recovering. Marvell also produces semiconductors for the mobile space. The stock has moved up on the Seagate news, but is a buy on any major pull back.

LSI Corporation /quotes/zigman/232578/quotes/nls/lsi LSI +7.72%

LSI is a competitor of Marvel. The stock has also moved up strongly on Seagate's numbers. The stock is a solid buy on any pull back.

Intevac /quotes/zigman/54874/quotes/nls/ivac IVAC +4.62%

Intevac provides manufacturing equipment to the disk drive industry. Since a number of factories in Thailand have been damaged, it is likely that Intevac is seeing increasing demand. Investors may position themselves before the next earnings released scheduled for February 1, 2012 after the market close.

Western Digital /quotes/zigman/245972/quotes/nls/wdc WDC -0.03%

Western Digital is the big competitor of Seagate. There are reports that factories of Western Digital in Thailand have been severely damaged. The great numbers at Seagate appear to be at the expense of Western Digital. This is one of the best trading stocks providing a steady stream of trading opportunities both on the long side and the short side.

The obvious question is, "why not buy Seagate stock?" I had anticipated the good news for Seagate and positioned my hedge fund on the long side. The buy signal was also given on ZYX Buy Change Alert . Now I am in the mode of taking profits. A signal to take profits has also been given to the subscribers of ZYX Buy Change Alert. Our proprietary Smart Money Indicator is showing that sophisticated investors are taking profits on the run up.

you too.....I plan to take some profits today on my 15s-16s buys, and also trade a few.......

welcome back, good to see you here again.

i like what i see.

gl

STX over 18 AH, good news!!!

Seagate forecasts strong Q2 rev, shares rise

Jan 4 (Reuters) - Seagate Technology Inc forecast stronger-than-expected quarterly revenue as the hard disk maker recovers from the impact of the Thailand floods.

Shares of the company rose 7 percent to $17.99 in extended trading. They closed at $16.82 on the Nasdaq on Wednesday.

The company expects second-quarter revenue of $3.1 billion to $3.2 billion, above analysts' average estimates of $2.81 billion, according to Thomson Reuters I/B/E/S.

The company also said it shipped about 47 million disk drives in the second quarter.

impressive move!


Seagate Completes Acquisition of Samsung’s Hard Disk Drive Business

Seagate Completes Acquisition of Samsung’s Hard Disk Drive Business
Date : 12/20/2011 @ 12:01AM
Source : Business Wire
Stock : Seagate Technology LLC (STX)
Quote : 15.07 -0.36 (-2.33%) @ 8:00PM

Seagate Completes Acquisition of Samsung’s Hard Disk Drive Business

Seagate Technology. (MM) (NASDAQ:STX)

Today : Tuesday 20 December 2011
Seagate Technology plc (NASDAQ:STX), a world leader in hard disk drives and storage solutions, today announced the closing of the transaction to acquire the hard disk drive (HDD) business of Samsung Electronics Co., Ltd., a world leader in digital consumer electronics and information technology.

Under the terms of the transaction, Seagate has gained select elements of Samsung’s HDD business, including assets, infrastructure and employees that enable Seagate to drive scale and innovation. These assets include Samsung’s leading M8 product line of high-capacity, 2.5-inch HDDs. Samsung employees joining Seagate include a number of senior managers and design-engineering employees from Samsung's Korea facility, who will focus on development of small form-factor products for the mobile compute market. N.Y. Park, senior vice president and general manager, will oversee Seagate’s product development activities in Korea and serve as country manager of the Korea design center, reporting to Bob Whitmore, Seagate’s executive vice president and CTO.

“Together, Seagate and Samsung have aligned our current and future product development efforts and roadmaps in order to accelerate time-to-market efficiency for new products and position us to better address the increasing demands for storage,” said Steve Luczo, Seagate chairman, president and CEO. “It is an exciting time in the industry with rapidly evolving opportunities in many markets including mobile computing, cloud computing, and solid state storage.”

This transaction was announced in April 2011 along with a series of other agreements between Seagate and Samsung. Seagate is supplying disk drives to Samsung for PCs, notebooks and consumer electronics devices. Samsung is supplying its market-leading semiconductor products for use in Seagate’s enterprise solid state drives (SSDs), solid-state hybrid drives and other products. The companies have also extended and enhanced their existing patent cross-license agreement and have expanded cooperation to co-develop enterprise storage solutions.

“The strategic relationship will open new opportunities for the two companies by mutually complementing each other’s creative technology solutions for a broad diversity of IT applications,” said Oh-Hyun Kwon, vice chairman of Device Solutions of Samsung Electronics.

The transactions and agreements substantially expand Seagate’s customer access in China, Southeast Asia, Brazil, Germany and the Russian Federation. Seagate and Samsung also have been working together to ensure that customers continue to receive a high level of service, support and innovation, including activities to align the two companies’ supply bases and delivery infrastructure. To ease the transition of products and technologies, Seagate will retain certain Samsung HDD products under the Samsung brand name for 12 months, and maintain or establish a number of independent operations including sales staff, key production lines and R&D. Customers can find more information at www.seagate.com/samsung.

The combined value of these transactions and agreements is approximately US $1.4 billion, consisting of 45,239,490 Seagate Ordinary Shares and the remaining balance settled in cash. In addition, Samsung will designate a nominee to join Seagate’s Board of Directors.

Seagate does not presently expect significant restructuring costs and expects to achieve considerable reductions in overall operating expenses for the combined business while minimizing the integration costs. As previously stated, Seagate expects that the transactions and agreements will be meaningfully accretive to non-GAAP diluted earnings per share and cash flow in the first full year following the closing. Seagate will provide additional financial information for the combined company on its fiscal second quarter conference call in late January.

About Seagate

Seagate is a world leader in hard disk drives and storage solutions. Learn more at www.seagate.com.

About Samsung Electronics

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2010 consolidated sales of US$135.8 billion. Employing approximately 190,500 people in 206 offices across 68 countries, the company consists of nine independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Memory, System LSI and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, semiconductor chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.

bought some @ 16.50 for a flip.....

a good day for STX (and WDC to a lesser extent) coming........

Seagate Soups Up Laptop PC Performance With Fast, Second-Generation Solid State Hybrid Drive
Date : 11/29/2011 @ 12:01AM
Source : Business Wire
Stock : Seagate Technology LLC (STX)
Quote : 15.99 0.83 (5.47%) @ 8:00PM

Seagate Soups Up Laptop PC Performance With Fast, Second-Generation Solid State Hybrid Drive

Seagate Technology. (MM) (NASDAQ:STX)

Today : Tuesday 29 November 2011
Seagate (NASDAQ:STX) is now shipping the second generation of Momentus® XT, its groundbreaking solid state hybrid drive for consumer and commercial laptops and the company’s fastest drive ever for personal computers. With a simple drive upgrade, users can boost boot-up speed and overall performance to turbo-charge their laptop PC. Seven original equipment manufacturers are gearing up to ship laptops powered by the Momentus XT drive. The drive is now available at online retailers Amazon, Canada Computers, CDW, Memory Express, NCIX, Newegg, and TigerDirect.


Seagate Momentus XT 750GB solid state hybrid drive, the world's fastest hard drive for laptop PCs. (Photo: Business Wire)
Powering the Momentus XT drive are Seagate’s Adaptive Memory™ and FAST Factor™ technologies. Adaptive Memory technology works by identifying data usage patterns, and then moving the most frequently retrieved information to solid state memory for faster access. Adaptive Memory effectively tailors hard drive performance to each user and the applications they use. FAST Factor technology blends the strengths of SSDs and hard disk drives for faster access to applications, quicker bootup and higher overall system speed.

“Laptop users want faster access to all of their content, from gaming, music and video to spreadsheets and documents, creating strong demand for the highest performance,” said Scott Horn, vice president of Worldwide Marketing at Seagate. “Seagate is excited to answer this need with a second-generation Momentus® XT drive that delivers solid state drive (SSD) speed, greater storage capacity and easy installation at an affordable price.”

“High-speed storage devices make a difference when it comes to improving overall PC performance,” said John Rydning, research vice president at IDC. “Seagate’s newest Momentus® XT drive gives notebook PC users an economical option for boosting PC performance while at the same time providing spacious storage capacity all in one device.”

Momentus XT – Meeting the need for speed

The Momentus XT drive is nearly 70 percent faster than the prior Momentus drive version and up to three times faster than a traditional hard disk drive while providing 750GB of storage capacity. The Momentus XT hard drive’s Serial ATA 6Gb/second interface and 8 gigabytes of Single Level Cell NAND flash double the interface and NAND read-write speed of the previous generation. The all-in-one design of Momentus XT drive makes installation and upgrading simple and easy for any laptop or desktop computer and with any operating system.

The Momentus XT drive is now shipping in volume worldwide. Manufacturer’s Suggesting Retail Pricing (MSRP) for Momentus XT 750GB is $245.

Join a Seagate webinar for a chance to win a laptop powered by Momentus XT

Learn more about solid state hybrid drive technology and Seagate’s new Momentus XT drive by joining a live webcast on Tuesday, December 6, at 11 a.m. PST. Sign up for a chance to win a high-performance laptop powered by Momentus XT: http://www.seagate.com/MomentusXTWebinar.

Tuning Momentus XT for Optimal Performance

The hard drive industry is transitioning from the current 512-byte sector standard to a newer Advanced Format 4K (4096-byte) sector size that helps maintain data integrity at higher storage densities and capacities. Momentus XT takes advantage of this newer Advanced Format 4K standard and is already tuned for optimal performance on the latest PC operating systems.

Momentus XT customers can easily optimize Momentus XT to work with Windows XP and older versions of Microsoft Windows with a few simple steps. Please visit this page on the Seagate web site to determine if Momentus XT is already tuned for your operating system version and how to do so if needed: http://www.seagate.com/momentusXT-4K.

http://seagate.com/twitter

http://seagate.com/facebook

http://media.seagate.com

About Seagate

Seagate is the worldwide leader in hard disk drives and storage solutions. Learn more at http://www.seagate.com.

Seagate Technology Reports Arbitration Decision

Seagate Technology. (MM) (NASDAQ:STX)

Today : Tuesday 22 November 2011
Seagate Technology today reported that, on November 18, 2011, an arbitrator in a binding arbitration in Minnesota issued an interim award that Seagate is entitled to recover compensatory damages of $525 million, plus pre-award interest on the compensatory damage award at the rate of 10% per year, from Western Digital Corporation and a Western Digital employee who was formerly employed by Seagate, in a case involving claims for trade secret misappropriation, breach of contract and other related claims.

The arbitrator has requested additional briefing from the parties regarding the amount of the pre-award interest. Upon determination of the amount of pre-award interest, the arbitrator will issue a final award. After the arbitrator issues the final award, Seagate will request that the Hennepin County District Court of Minnesota (the “Court”) confirm the arbitration award and enter judgment in the amount of the final award.

This matter began as a lawsuit filed by Seagate against Western Digital and its employee in the Court in October 2006. In September 2007, the Court ordered that the lawsuit be stayed pending arbitration.

Thai flooding impact on tech companies, suppliers
What tech manufacturers and suppliers say about the impact from heavy flooding in Thailand

http://finance.yahoo.com/news/Thai-flooding-impact-tech-apf-3795804223.html?x=0&l=1

wow, look at all the STX insider sell filings!!!!

saw that one, $nice!!!$

Seagate and Western Digital Benefit From Growing Data Volumes
Date : 11/07/2011 @ 8:16AM
Source : MarketWire
Stock : The Bedford Report (STX)
Quote : 18.35 0.01 (0.05%) @ 4:29PM

Seagate and Western Digital Benefit From Growing Data Volumes

Seagate Technology. (MM) (NASDAQ:STX)
Today : Monday 7 November 2011

The data storage industry is benefitting from the rapidly growing data volumes but a few factors appear to be inhibiting significant growth. Market uncertainty and wavering investor confidence has adversely affected almost every aspect of the technology sector. The Bedford Report examines the outlook for companies in the Data Storage Devices Industry and provides research reports on Seagate Technology PLC (NASDAQ: STX) and Western Digital Corporation (NYSE: WDC). Access to the full company reports can be found at:

www.bedfordreport.com/STX

www.bedfordreport.com/WDC

Hard Disk Drive (HDD) manufacturers are on the upswing as disk prices doubled in the past two weeks following the severe flooding in Thailand and could potentially rise by the same amount again, channel sources have warned. John Rydning, research vice president for hard disk drives at technology consultant IDC, estimated that factories in Thailand currently affected by flooding account for some 25 percent of worldwide HDD production.

The Bedford Report releases stock research on the Data Storage Devices Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

This year a large majority of major Data Storage companies have been reporting dramatic increases in demand for their products. According to Standard & Poor's key drivers in the industry's rebound have been content digitization of old media such as paper and film, longer record retention for compliance with government regulations as well as the increasing popularity of social networks.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer


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SEVERLY overbought.....chart...

This stock went crasy, totally overvalued bec of these Thai floods. I think it should start falling in the next 2 weeks.

It cant break 18.83 for now which is the highest resistance for now. Stock only traded higher years ago, before the 2008 crash. Plus there was some inside selling this week, not large but still 25 k shares.

closing near an HOD...if this is a bull trap it is pretty DARN GOOD!

yep, way overbought now, IMO.....made some nice scratch on it though!!!

GLTY, I think the run might be over next week, sold my last shares today.......