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You have to keep in mind that Spansion is currently restructuring under Chapter 11 bk. They are also in search of possible buyers. With It's share price undervalued and what I believe to be a heavily shorted stock. This with a possible speculation of a future buyout is what's driving this up at the moment.
As far as long term goes...It's a risk! If they manage to work with their creditors & rebuild & emerge from Chapter 11, Then this might be a good long term investment. But for now theirs too many ifs for me to think long term.
Everything I say Is just my opinion. nobody should BUY,SELL or HOLD based on my opinions. I recommend doing self research before investing.
BAD HOMBURG, Germany, March 30, 2009 /PRNewswire via COMTEX/ ----The bankruptcy of Flash Memory manufacturer Spansion is leaving OEMs wondering how they can continue production of designs which rely on Spansion components. The specialized Memory Distributor, Memphis Electronic is ready to recommend drop in replacements to facilitate seamless continuation of production.
"In most cases we can offer drop in solutions from Amic, EON and other manufacturers already on our linecard. We are also urging these Flash Manufacturers to bring more Spansion alternatives to the market. Additionally, we are helping our customers with the procurement of remaining stock, by offering advice on design changes which will require the least effort," said Thorsten Wronksi, President, Memphis Electronic AG.
Currently, some manufacturers are issuing production guarantees to assuage customer concerns. "For example, Amic guarantees the production of 5V Flashes for the next five years, and is entertaining the idea of developing new 16Mbit and 32Mbit 5V Flashes - assuming enough of our customers express interest," added Wronski. "Shortly we will be able to offer the first samples from EON of their Spansion S29GL compatible Uniform-Sector Flashes."
In the memory chip industry, conditions have turned cataclysmic. In the past couple of years, the production of memory chips swelled as companies chased rising interest in consumer gadgets. The result was a vast oversupply, which led to plummeting prices. Memory prices fell 60 percent last year and could fall 40 percent this year.
LOL......I think .1293 will be a steal in days to come.JMO
GLTA
I would like to know how heavily this stock is shorted?
At this point from what I can gather......Yes just speculation
I'm not sure how far this can run up, but in today's market speculation can run these stocks like there's no tomorrow.
Just take CTIC for an example. Stock went from .10 to as high as .97 with insane volume in just a few trading days based on speculation.
So who knows right:)
Thanks for the insight:)
LMAO.....Ya, your probably right:)
How many outstanding shares are there also?
Anybody know how many shares are shorted???
Yep, sure will.....I think you may be right about that.JMO
GOOD LUCK:)
I just finished painting one of my bedrooms, and I'm having more excitement watching the paint dry.hehe
Hey Street...I'm new to this stock. Any idea on what's making this move??? How long have you been following SPSN?
Is this a typical pump & dump or is their more to it? Any news pending?
Their usually is more posts on the Yahoo boards. Still I'm surprised with this IH board?
Wow... can't believe how few posts their are this morning for a stock that's up %140. Picked it up @ 0.075. congrats to the early buyers:)
Well I pulled half out @.224....Still made nice profits. If theirs a pull back I'm going to look to find a lower position. If it continues to climb.....well I still got half invested.
Good luck to you all..........GO HAYZ GO!
Should I stay or should I go now!!! I f I stay will their be trouble. And If I go will HAYZ double. LOL
It looks to be a very quit premarket for HAYZ this morning. We have not seen such a flat premarket for several weeks now. Is this the calm before the storm?.....Or is the upward trend done at the moment and should we expect a pullback. JMO
Any thoughts???
On a positive note HAYZ hasn't had back to back closes in the red for the whole month of March. I hope tomorrow this trend continues:)
I say pay very close attention to the AH & to the premarket.
I have only been following HAYZ for a couple of weeks now. From what I have seen is a big chunk of the gap ups have occured in the AH & premarket. To be honest besides a few late day runs, I find it to be relatively flat during reg trading hours. IMO
That's true.....The markets did have quite the sell off today.
Yet HAYZ remained in the green.
I'm sure we will see it get back to the .27 to .28 range in AH. imo
I rarely ever get emotionally attached to a stock, but let me tell you.....It's going to be real hard for me to sell this stock eventually. I think I have fallen in love with you HAYZ.lol
NO....Not always
Looks like reality has kicked in. Hope lots of you took some profits yesterday. What goes up must come down!!!
HAYZ moves more positive in AH and premarket than in regular hours.lol
Why is that??? AH 0.26x 0.27x
NICE!!! Looks like it will be a strong open tomorrow:)
AH bid 0.23 ask 0.239
Their is more than just my hands & feet that are raised.....If you know what I'm saying:)hehe
HOW DO YOU COME TO THAT FIGURE???
I hope your right Iron. I sold my CTIC shares yesterday to buy more HAYZ.:( D'OH
I sold this yesterday @ .27 because I couldn't find anything that would make this push much higher????
In this market who the F%#@ knows. What a mistake on selling tho:(
CONGRATS TO ALL ON SOME INSANE PROFITS
GLTA
This stock is moving like a SOB and not one post today???
Stock was down nearly %40 today and then shot up nearly %40 as a high.??????
WTF....bid now 0.0175???
I really hope your right about that:)
Hold on to your seats folks.....It's going to be one hell of a ride today.
Yeeeeeeeeeeeees. The lord has answered my prayers.lol
GO HAYZ GO Weeeeeeeeeeeeeeeeeeeeeeeeeee
I find it fascinating how many people on investorhub forums say they had bought a stock after the stock makes a run @ their all time bottom & then manage to sell @ the all time high of the run.
I know it happens and their are some who do, but it seems theirs
A LOT OF INVESTOR GENIUSES HERE:)
Yeah, I also loaded up @ 0.04 and sold @ 0.1877 today!
Yes IMO.... of coarse:)
1 Month.......Show me something that would make LJPC a good investment??? Enjoy the short lived run. Don't be greedy:)