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JSDA. Someone suddenly interested in this stock PM, although volume is low.
Morning Lee. I see you already got the info on the JAVA earnings report. The reaction by the Street seemed muted, and there's a reverse stock split looming, so I sold while I still could take a profit and will think about repositioning later.
Java. Out at $5.56 for a 10 cent per share gain. May be wrong but didn't see anything worth hanging around for in the short term.
Thanks. I plan to hold it through all this turmoil as I do believe it will be a lot higher down the road. SNDK
Good to know. Thanks for the insight.
No problem Lee. We all make our own decisions. I was just curious. I've seen a couple of articles lately from Motley Fool, and from Next Level that seem to indicate they think Sun will do well. I've copied and pasted part of one from Next Level. I'm pretty sure I'll hold too. At these levels there's not too much downside and I want to be onboard if they do well ... Finally !!!!.
In his earnings preview, Editor Paul McWilliams wrote: "Sun Microsystems is thinking outside the small box that had been folding in on the company during the last six or so years. Sun took pride in fighting city hall and stumping that it was doing the right thing, but as it learned, it could not operate up to its potential as an island. With improved operations and a solid base of technology and intellectual property Sun may finally live up to its potential..."
JAVA. Lee. If you don't mind sharing, what are your plans for earnings tonight. Will you hold through or sell prior? I've held some for a while now and have made the Sell/Hold decision 50 times today. My gut feel is to hold, but I've sure been wrong before. TIA
Russ
SNDK. Gettign smacked around pretty good today.
GSI. Has been slowly dropping for a few days on no news that I see. Now dropping off the pier. Anyone have any ideas if this represents a buying opportunity or should we run like hell the other way. TIA.
TRID. Guess I bought ... and sold, too soon Friday. Good trade.
Hope you have more luck with it than I did. TRID. Good luck.
EDIT: Just saw you had one good trade already. I was away from the PC for a while. Good luck with the next one.
MCZ. Also on the train at $1.22
TRID. Already dumped it for a 10 cent loss. Guess I'm not a good gambler. LOL
TRID. Bought a little at $7.28. May be wrong but selling seems overdone. This stock was near $14 5 days ago. BWDIK.
BEAS.
Every now and then even a blind squirrel finds a nut. When I came home yesterday evening I saw that I had been stopped out before the close for a small loss. This morning I see that Oracle rejected the BEAS price of $21 and the stock is down around $16.90. Some days it's better to be lucky than good. LOL
Russ
Most likely it was due to their statement that margins will erode in the upcoming quarter, and their use of non-captive suppliers as opposed to captive suppliers to meet demand. this could also affect costs. Also, as someone else pointed out today, the mutual funds are juggling their positions prior to October 31st, and some are dumping the stock. I'm holding through the end of the month to see if things turn up once we get into November. But it does make the old stomach flutter a little watching these daily drops.
NTRI. That's a nice bounce, but I wonder how far it will go with flat guidance for the quarter, and cutting 35 million or so off the full year revs. I think I'll just watch that one.
GSI. Added a little at $12.49
I've been thinking of adding also (SNDK), but it does seem wise to wait and see just how bad this gets.
Continue to fight the good fight. We're all pulling for you.
Russ
SNDK. Zeev. WE now have the high 30's you were worried about. I have to admit I never thought it would get his low, but they can't seem to throw it away fast enough. Anyway, this is one time I wish you were wrong. LOL
BEAS. For those following the BEAS / Oracle deal. I bought a little at $17.90 just in case the $21 value comes through.
BEA Board Sets $21.00 Per Share Value Position
http://biz.yahoo.com/bw/071025/20071025005635.html?.v=1
SNDK
From Zacks Equity Research
SanDisk Difficulties Behind It
SanDisk (SNDK) has struggled of late with rapid price declines in the flash market. However, growing demand for high-capacity flash products and going into a seasonally strong period, we believe price declines will slow in the third and fourth quarters. SanDisk remains the best positioned producer of flash given its investments in low-cost production capacity.
Moreover, the company has undergone restructuring in the early part of the year. We, therefore, maintain the Buy rating on the shares of SNDK with a target price of $69.00 on expectations for growing revenue and margins. Although Q2 price declines were still fairly severe on a historical basis, strong Q3 results give us confidence that the situation has bottomed.
Demand for high-capacity flash products should begin to drive demand in the second half, which combined with seasonal strength, should provide price support. SanDisk is well-positioned to benefit from its strategic investments in low-cost captive capacity Fab 3 and Fab 4 as demand grows.
Following Q3 strength, we expect continued margin improvements combined with top-line growth. SNDK is currently trading at 68.1x our 2007 earnings estimate of $0.72 and 36.1x our 2008 EPS estimate of $1.36 per share.
See the latest posts to the Analyst Blog by visiting
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Thanks for the info Lee. Will do.
SNDK. Also long at $45.72,
Lee. If you don't mind my asking, what gives you the impression JAVA is ready to move. TIA.
Bob Pisani on CNBC saying that the 'Buzz' on the street is that the housing slowdown worries are growing, and IMF lowered the global growth forecast by half a point (didn't hear what the numbers were if he gave them). Guess that stuff trumps the good tech news.
From briefing.
Just reported, crude inventories rose 1.78 million barrels last week. Analysts expected crude oil inventories to rise 750k.
Yes. Lots of connection problems.
"just wonder if that money is rotating into another sector or out of the market altogether."
Good question. Just wish I knew the answer. Hopefully get some insight from financial news reports after the close.
Excerpt from Briefing.com concerning the market drop.
Reportedly, the decline is due to European inflation warnings made by Axel Weber, a European Central Bank Council (ECB) member. Weber stated that although the ECB has temporarily paused its rate hikes, in his opinion the ECB may need to raise rates to a "restrictive" level.
From Briefing.com
2:30 pm : In a striking turn of events, the major indices have sold off hard in the past half hour, with each revisiting negative territory.
There wasn't any specific piece of news to account for the reversal that has been broad-based. The tech sector (-0.6%) is spearheading the retreat, although the retailers and consumer discretionary sector (-0.3%) are also playing an active role.
Frankly, the strength in the retail index earlier was questionable in light of the lackluster same-store sales reports for September and the fact that Wal-Mart's (WMT) positive earnings surprise was really a company-specific situation.
Not just BIDU. Suddenly a lot of stocks losing ground and well off their highs. Market slipping on a banana peel here it seems.
Thanks Doc. I was looking for a reason to get back into GSI and you gave it to me. Grabbed a starter position. BTW, I picked up on CYPB in the low 14's and PDK at 12 on your recs. Happy I did and thanks for all your info on this thread.
Russ
CHCG. Anyone else notice the nice little upward stroll this one has been taking the past few days?
Amazing that they even have the nerve to publish these numbers. Totally unbelievable.
11/17 at 4.44 p.m.
LIFC. Getting crushed. Missed by 2 cents and lowered outlook. Got to be a good point to jump in here soon.
http://biz.yahoo.com/prnews/061025/nyw026.html?.v=74
LIFC. Kind of obscene what they did to that stock the last 10 minutes. all over the map.