Everyone always looks for a capitulation event to justify a final washout of sellers. But the only problem I have with that for Friday's action is the options action. It was in no way suggestive of a washing out of sellers as 'they' - whoever 'they' are - were loading the boat on the Jan 08 $22.50s and $25s.
If MRVL announces an official connection to a design win at NOK, the analysts will fall all over themselves.
I'm still doubting iPhone app procc until I see it.
The one thing that I never understood about 'professionals' in this biz when they say that a stock is overpriced here at $16, but they'll buy it at $14 or $15 is that why would they buy it at $14 or $15 if they think it's overpriced at $16?
Get my point? The whole friggn' reason you're buying it at $14 or $15 is because you then think it's going back to $16 or better.
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