Marvell Technology Inc (MRVL)

[SyndicateTwo]

Also, you know what's really weird? The upgrades really weren't that great off this. Most price targets just went from $17 to $22. Really nothing more.

I guess on a PE basis right now at $17ish premarket the stock is trading around 40 times. Maybe mid 30s. So, in this market that's kind of high.

But still. You pay a premium for growth like they have. I don't understand.

But keep in mind there is another cycle high coming right about now anyday. That means there's a leg down in the market about to hit us.


Also, someone cut DELL to 'sell' this morning. So, all is not all cheers.