I finally decided that we CRUS shorters deserved our own thread. It's about time. As many have noticed, CRUS is a paradise for the shorter. The stock's falls are sharp and consistent. I made good money on the last one in the summer and am doing the same now. The company has missed expectations 4 quarters in a row, all the while unable to generate new products or revenue enhancers. They are reduced to selling off big chunks of their business just to stay afloat! Another bullish sign for a shorter is the plethora of investors who try to catch CRUS on the bottom although they know not where the bottom is. (And it is always much lower than they think). They buy, the stock drops a couple points, then they sell, pushing the stock down even further. I am expecting CRUS to disappoint Wall Street again this January when they report earnings, and I intend to profit from it.
Any comments/strategies? |
