Hi Jim -- related to Bill's testimony? I suspect not. The markets in general were higher (and are again as I type this). Atmel is bleeding slowly, and I think it's related to (1) continuing Asian exposure, (2) someone's perception of third quarter earnings, (3) probably several folks' getting just plain tired of waiting (I empathize but am holding long), and (4) probably lots of other reasons that I haven't thought of. The fact is, volume is not heavy, even on this decline. That's why I think of it as a slow bleeding rather than a hemorrhaging. It's not so much the presence of lots of folk who want to sell as it is the absence of folk who want to buy. Hence, the price erodes (I'm shifting metaphors) to find buyers for the few sellers out there.
If and when Atmel's earnings do turn around and the prospects start looking really better, I expect an upside explosion from a mass of folk who will then want in (at any price, one can hope). Historically, at least, that's what has happened. Of course, I have no idea when it will happen again, just that it will happen once/if prospects for earnings improve.
I must confess I'm a bit amused by participation levels on this thread. It's a great thread, with little or no pumping for one's own gain; but when Atmel moves up even slightly there are ten, fifteen, twenty comments through the night and early morning. When the price slides down, comments all but disappear as we lick our wounds. My plan (perhaps not terribly b-r-i-t) is to hang in there with Atmel and perhaps add to my position when I think it's time for the stock price to start moving up seriously. I don't see that time yet. Cheers/t |
