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Technology Stocks : Spansion Inc. -- Ignore unavailable to you. Want to Upgrade?


To: blind-geezer who wrote (3522)3/7/2008 7:48:40 AM
From: bobs10  Respond to of 4590
 
you:

you think it might go to zero ???

me:

Well, from my limited point of view, it looks like what the macro markets are doing is going to be the biggest determinate for awhile. Usually these sort of down drafts reach a point where risk/reward starts to become more important. What the shorts want is a steady decline where they can sell short and buy lower on a daily/weekly basis. That limits their exposure and guarantees their gains.

The real problem is a lack of interest in the stock by potential investors which of course is being abetted by the shorts power play. Everyone wants to get in at the bottom and that thinking tends to restrict investment when the stock is falling every day. It's hard to say how low the stock can go, but eventually someone is going to get interested, especially if it starts to look like SPSN might actually be able to turn a profit. That interest could come from a number of sources not just funds/private investors.