nordby.com
Interesting that the VLSI Gruntal analyst has continued to live by the "strong buy" sword, and it appears they have now died on the "strong buy" sword, from the low 20's in April to mid-7's price today. Gosh, talk about stubborn or blind faith! Hell, one of Gruntal's analysts covering NOVL, dropped coverage last April I believe, calling it "dead money". Well in today's climate, dead money has been much better than losing money IMHO, and NOVL has climbed 20% since then. Is Gruntal a contrarian indicator or something? I'm waiting for their downgrade ;) to buy VLSI.
Nonetheless, I don't listen to these people, unless they are ML, but then again, I still follow my own DD of the macro- and micro- climate of the sector I'm investing in.
Am getting very interested in starting a position in VLSI, and picking a bottom (entry) is the discipline I follow, backed by much patience. Nothing like capital preseration. I need to see again how well VLSI performs during another ugly nasdaq sell-off week. BTW, when are the earnings going to be reported?
Best regards,
QuadK |
