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S2 can you explain this divergent low you see.What should i be looking at,i just don't see it.Any target range for the rally yet.thanks
NET,i use the 5ema and 10sma.Like to be ahead of the big boys.I use the 20 sma as last line of defense if i decide to hold it on the cross over.
S2 AXYS had upgrade on feb 12 by MORGAN STANLEY as well as a couple other defense stocks.NOC,HON in my opinion is better.At least their both above 50,100 sma,as AXYS not even close.In general most defense stocks have run up last two days.CRAMER is a self stated non techical person.Maybe thats why he's getting all the nasty email's.Seems to be a issue he's has mentioned more often latey.Plus his public request that fall on deaf ears for a govt job.
S2,If you look at my posts on MRVL you will see thats how I suggested to trade.I you the 5ema as a buy signal and the 20 sma.I can the see the 10sma and drawing in treand lines as a benefit.THANKS
S2 Maybe we hit 740 on S&P this week ,650 in the summer.
S2 willing to follow system,with BRCM as no access to e-mini.Also thanks for the follow up.
S2 I see brcm hit the upper resistance on its channel.Will it break out?You stated a cycle high on FEB 11.Are you saying we start going up or thats it for now.The reason i ask is ,your comments on January 20th of a target of 1100 on S&P,and rally into summer.Yet you don't trust this whole thing as i don't.If higher any projections.Maybe if you could explain your comment about trading markets a bit more.Thanks.
S2,SOX looks to be in a head&shoulders,and BRCM in a downward channel.would you agree.Wonder if BRCM will go back up to top of channel or break is support here.I know you expected semi's to lead in next rally,i just don't see it.Tell me what i'm missing.Thanks
S2,No hammer this week.Need to hold above 7900 on the DOW.Do you still see a rally.Seems like semi's breaking down.Thanks
S2 ARE YOU OF OPINION STILL WE RALLY THIS WEEK.Seems to be more of a complete breakdown.
S2 any targets for the rally?
S2 Looks like xmas rally.Question do you expect some tax selling before year end,when would it likely occur.
S2 Still believe we get the head and shoulders set up.Trying to fiquire out,looking at the MACH'S all moving up yet such a huge sell off.What are you thinking.thanks
Thanks,S2 your sounding like my son,Away at college with a new conspiracy everyday.I thought mine, on all the large mutual funds selling off to kill hedge funds was sound.Think about when FIDELITY is losing there biggest clients,how do they fight back,bring down the competition.Would be intertesting to see net worth on new clients in 09 accross the board.
S2 was that it or more downside.if so any target.
GREAT CALL S2
S2 THANKS GOOD STUFF
S2 Well,Oct 22 think we go up.Take a look #54
S2 ? What does the black candle mean on brcm.Are we headed higher wednesday or retest first.
I really have to wonder if the mutual fund industry is going after the hedge funds.The reason i say this is the mutual fund industry is losing clients.I say this because people like "CRAMER" has pointed out the buy and hold is dead.People are becoming smarter with there own investments and with todays online sites who needs a mtual fund.Second a friend of mine works for a large insurance company.In the past they would sell annuities,and move 401k's into funds.Now he spends 90% of time moveing peoples money into individual stocks just like a hedge fund.My point is mutual funds are the big money holders or sellers.By driving the price down and making the hedge funds liquidate,their clients are going to come back but for less risk tolerance and whwere do they find that mutual funds.You can bet the fidelty's of the world are looking to jump all over them.
S2 Do you stand by the retest in feb/march since we have come down to such low levels.When do you expect a turn up.
STEVE IN BRCM,GAVE UP ON MRVL
S2 At present BRCM,MRVL,SMH,SOX and NVDA are all below their 5ema.This simple indicator has worked well in past for me.The QID and VIX are above the 5ema.Until they all reverse I think the time frame of the low OCT 13-20 maybe very real.
S2 not that i hold alot in what CRAMER says however.He stated on his show tonight if no bill is passed he has a target of 8378 for the dow.could that be your OCT LOW.
S2 Question for you. On your old MRVL site QUADKILLER has mentioned a mrvl take over.Have you heard anything on this.
S2 On the chart above,did you mean SEPT 22 low not the OCT 22 low.
S2 THANKS
Looks to me BRCM could run to 28,and mrvl to 15.So if there is a buy coming on mrvl it better come soon. 3 year high of 33.35 I SUSPECT 19 AS A BUY PRICE WOULD NEVER BE TAKEN.NEEDS TO BE IN THE MID 20's AT LEAST.SNDK SET THAT UP FOR US.
MRVL trades along with BRCM.BRCM had a downgrade this week.It broke below its canual,however closed today back in the canual,I suspect if the gov't acts more upside on all semi's coming.
Your right,moved on.Last week $5300 and friday off to go golfing why worry about mrvl.
08:04 MRVL Marvell: Friedman Billings says recent checks suggest MRVL's CY2Q business is tracking with expectations (15.09 )
Friedman Billings says recent checks suggest MRVL's CY2Q business is tracking with expectations as PC and networking shipments remain reasonably robust. Separately, top customer Western Digital (WDC) reported results that could pressure MRVL shares. Drive units are seasonally growing, a positive, but price pressure for disk drives is intense, possibly weighing on chip pricing a bit later. Also, WDC said it bought a Hard Drive Controller design team. They do not think this is a major near-term risk to Marvell. Firm thinks of MRVL here as the firm is in operating-margin turnaround mode, finally righting its ship. If these issues push MRVL down further, firm would be aggressive buyers, especially at or below $13. Firm's favorite chip stocks, in order, are ONNN, MRVL, MSCC, BRCM, SLAB, NSM, FCS, IRF, and ATML.
If you went to a repectable school,why are your opinions of trailer trash thinking.Oh i know middle school doesn't count.I day trade because i'm 56 and have been retired for 6 years and need something to do.I'm up over $96000 for the year using only a $50000 acccount.Maybe you should look at your past posts your spelling has never been perfect to say the least.I try to learn from everyone and except their opinions.You have to often stepped over the line.You are one sick RASIST.
You should know,your the leader of the band.
09:07 MRVL Marvell: Anticipate solid April quarter; key continues to be XScale profitability - AmTech (14.21 )
AmTech says MRVL is due to report its April quarter after the close. Firm anticipates MRVL to hit the upper-end of its rev guidance of $775-$785 mln. Firm believes a key metric to watch is margins to see whether MRVL will continue on its path to improved profitability. They believe this quarter is the first where some (~5-10%) of its XScale business will be using TSMC as a foundry as opposed to INTC. Firm is modeling a 49.1% gross margin, up from 48.7% last quarter and 48.3% from two quarters ago. For its outlook, they anticipate its July quarter guidance to look for sequential rev growth in the 3-4% range driven by XScale and WiFi.
28-May-08 08:44 ET In Play Marvell: Expect consensus ests to increase, but view weakness in HDDs, consistent execution on margins, and valuation as risk factors - Lehman (38.00 ) -Update : Lehman says that near-term they expect consensus ests to increase driven by better sales and lower operating expenses. However, they think weakness in HDDs, consistent execution on margins, and valuation (63x incl E.S.O.) are risk factors. They expect their sales/eps forecast of $780 mln/$0.13 in FQ1 and $3,343 mln/$0.69 in F09 to increase due to upside in Cellular and Ethernet., and lower op ex. They say MRVL trades at a modest discount to their comm. I.C. universe on EV/sales (2.4x vs 2.9x) but is the most expensive 63x including E.S.O.
28-May-08 08:28 ET In Play Marvell: Kaufman expects in-line quarter with steady margin improvement (14.44 ) : Kaufman notes MRVL plans to report fiscal 1Q09 results May 29. Demand from MRVL's storage end-market remains healthy with steady PC demand driving storage order patterns. However, firm believes demand in enterprise/PC networking remains muted reflecting broader economic weakness, limiting significant upside in the quarter. On the whole, firm expects in-line revs of $783.6 mln for fiscal 1Q09, representing a seasonal decline of 7.2% Q/Q. Firm expects continued steady margin improvement and a return to normalized opex levels to drive EPS results in line with consensus $0.13 expectations this quarter. Firm still sees handset semiconductor margin improvement as more of a late-2008 event, limiting gross margin recovery and earnings growth near term. They expect MRVL to guide in line with a typical seasonality in fiscal 2Q09, vs. consensus +3.8% Q/Q expectations.
28-May-08 07:38 ET In Play Friedman Billings sees implications for AAPL chip suppliers BRCM and MRVL as neutral to slightly negative : Friedman Billings says implications for Apple chip suppliers BRCM and MRVL are neutral to slightly negative due to negative PC and iPhone revisions. That said, iPod Classic and Touch units are expected to grow about 15% sequentially in 2Q, PC product builds are expected to decline by about 15% sequentially, and 3G iPhone units are expected to rise by 250% sequentially. Net, net, this should drive flattish to slightly higher 2Q chip consumption by Apple. Firm thinks these largely stable checks suggest that the consumer has not weakened materially, at least at Apple, in the past two months.
13:00 MRVL Marvell confirms it Reached Settlement With SEC Regarding Historic Stock Option Granting Practices (13.31 +0.14) -Update
12:50 MRVL Marvell: SEC Chgs Marvell Tech overstated income by $362 mln In '00-'06 - DJ (13.31 +0.13) -Update
12:43 MRVL Marvell: SEC charges Marvell for stock option backdating $10 mln - Bloomberg (13.09 -0.07)