Todd,
Can you please explain the meaning of :o) ?
By the way, have you all noticed Semtech has a nice rally going.
Care to make any price performance predictions? Last time Semtech hit this level ($60 pre split), I expressed some concern about the sustainability of the advance (using words like reassessment), and I was sternly scolded by multitudes. Of course we all know what happened soon after.
Please forgive me, if I sound cocky that is not my intent. I take full and complete responsibility for my investment decisions. And I will reiterate that I have benefited much from the research, analysis and commentary provided by this thread's participants.
I bring up the mentioned events to freshen your memory, to see if attitudes and expectations have been tempered as a result of watching the unstoppable SMTC fall from $36 to around $17.
I said it then, and I'll say it again, this rate of ascent will not continue for very much longer. I know, I know, a stock doesn't fall simply because it has gone up. But we all know how the market works. There is a substantial proportion of investors who "will sell" simply because a stock has gone up. The stronger the rally, the higher the likelihood of a heavy round of profit taking. This motivated selling can drive the share price down significantly (stating the obvious here).
So, I'm interested in what the thread thinks. Will it stall and go sideways? Will it shoot up then drop significantly? What da ya think?
Don't get me wrong. I'm definitely not itching to sell here. I will sell if I believe it's obvious that a stock has risen so much, so rapidly, that I'm convinced a substantial correction is soon to follow. I'm not convinced of that now.
Thanks.
Stu B. |
