I am not a trader, so short-term movements are not so key to me. However, I am concerned that with all the people that bought at 27-35 range will jump ship when this stock eventually reaches that level again. In technical jargon, there will be strong resistance at around the 30 level.
Thus, given that there is only Banshee in the near future, it seems to me that if indeed you bought at that level, the best you will do in the short term (6-12 months) is get your money back out.
In the short term, with Voodoo II boards flying off the shelf, July 15 earnings should be very strong. It is tempting to buy calls at present levels, in anticipation of a short term uptick in stock price post July 15.
Thoughts? |
