Emcore Corporation (EMKR) Message Board

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Non-Tech : Emcore Corporation (EMKR)

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To: Rock_nj who wrote (503)	4/11/2008 11:04:20 PM
From: Hawkmoon	Read Replies (1) of 640

You want to know why I invested in this stock? Aside from recent news, it was because I felt that the Citron Research BS was a bear raid and that the selling was way overdone. Literally, this was a "blood in the streets" play based upon the oversold conditions. It was this chart that suggested I take a chance on the stock: bigcharts.marketwatch.com We bounced nicely off the 200 week MA, and the gap that has to be filled to the upside should take us back up to $10 (but I was willing to settle for $8-9/share). There's been a lot of damage done to the chart on this stock and it's going to take some time to fix. But the spin-off news, and the acquisitions of the INTC assets definitely give us a better prospect of seeing that happen sooner than later. The question has been whether we need another retest of $6/share before that happens. I'm hoping not.. Hawk

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