Hi Alan:
Been reading all the posts and going over some of my ramblings. All positive news appears to be coming out of Asia, annual meeting, etc. - yet the stock price has diverged from the semi manufacturers, chipmakers, an IP company such as AWRE, tech stocks in general. Now if there is a move to take RMBS down to the 200 DMA near its old breakout point of 68-72 and that's the end of it, great - the price will consolidate and eventually move on to higher ground. Everyone will be happy that the damage will be contained at that level. But I'm not so sure. I don't trust management from any company that pulls bogus stunts by issuing a warning, halting a stock from trading, and doing it after the close. Now I could be wrong - Tate & company could be the greatest thing since ice cream or they could have their own agenda which is being kept secret from the general investing public. All I know is that the warning was announced and the stock price managed to trade between the mid 80's - low 90's before the daytraders and shorts jumped all over this stock to take it down to 75. But the flat earnings news was factored into the price last week when it was trading between 84-91. So what else is on the horizon that none of us know about, except management and they won't tell, that is propelling the stock price down to its 200 DMA when other related tech stocks have chart patterns that look totally opposite. Something's fishy or I am so way off base that I should just go the Bellagio Hotel, drink a couple of bottles of wine for everyone on this fine thread, and go to bed. Again, just taking a precautionary stance. I am long this stock, just hate glaring divergences.
jmanvegas |
