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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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From: The Ox

9/24/2014 11:11:53 AM

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RBCN goes on reversal watch. Company is seriously struggling at the moment. My guess is that it goes down significantly lower if they don't have a very solid next quarter report. They guided down revs to 8-12 million in the current quarter and the collapse has cost the CEO his job. They overspent a few years ago when they didn't anticipate the downturn. Got caught in a product transition over the past 2 years that may eventually improve their situation next year but currently (and rightfully IMO) it's in the dumps. I would certainly suggest GTAT over RBCN if someone was looking for exposure to this field/industry but whenever stocks are cratering like this one, it may provide a nice trading opportunity.

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