Aloha, I think they are looking further into the future. Look at MU they will ose money probably this quarter or break even, but analyst think it might make $2 in 1999, and the stock seems to be in a strong bull move, at least for now. The reason for a bullish stance is that CYMI does not seems to be losing its leadership position and the requirement for their laser will still be there in the next three to four years. Another very strong long term positive is the fact that the company is continuing to invest in its future, despite the short term set backs.
Yet, none of the upgrade as far as I have seen were to an to an outright buy, some mild "outperform " or things like that.
Short term, I think that the stock action today actually stunk, it opened at the day's high and I think there was a lot of distribution. My next two to three months forecast is still for 13 or so. And that, has nothing to do with my very positive long term outlook.
Zeev |
