You keep harping about what a wonderful buy this stock is at $12 (as well as various prices at higher levels).
Do you not understand that a stock is worth what people will pay for it. For each seller of the 11MM+ shares traded, there was a buyer.
The company also said the volume of orders at the end of the quarter exceeded manufacturing capacity and could not be processed quickly enough to record the revenue.
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this is indeed very positive for next qtr -
Bullshit! What were they doing for the other 88 days? With flat revs, and lower earnings, that means dropping margins; something Wall Street does not appreciate. And for a company that is expected to be growing at 30 or 40 percent, they shouldn't be running out of capacity. More likely they are discovering that when the heat is on, their middle management can't keep up.
Even though I'm buying shares, I'm still quite confused about the Berkeley deal. Is there a guaranteed price to Berkeley or are they now getting stock that is worth half as much as when they made the deal?
Obviously, I'm confident that share price will improve, but not by ranting about how cheap it is, and why some powerhouse like LU or CSCO should swallow them up at $40. Are you buying more shares, or just suggesting what others should be doing?
Respectfully,
james
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