Marvell Technology Inc (MRVL)

[SyndicateTwo]

Listen, everyone knows MRVL right now is worth $24. It's a no brainer. But, it takes someone to step up and be the first to take the risk. The only risk here is what? That's right - you answered your own question! No one knows!

It's probably the biggest paradox I've ever been involved with. A strong growing vibrant company in the most dynamic segment of its sector going absolutely nowhere because of something no one understands!

NUTZ!!!

But, it's for all those reasons why it makes this not worth taking a loss on. And sadly, it's these kinds of situations where weak longs bail at the first sign of breakeven only to then watch it rock.

Times like this are strategy plays. This is where you look to manipulate your current position. I've always explained from $29 all the way down to now that buying puts and shorting calls against a long position is the only way to play this because you get to lower your basis and because you never really know where the bottom truly is (eventhough the head and shoulders was screaming $17).

But this current channel we're in is very powerfull in that it's setting up a major major move. So many are getting used to it being here that once it breaks out over $22, everyone is going to pile in. That's why it's worth toughing it out.