SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns: -- Ignore unavailable to you. Want to Upgrade?


To: The Ox who wrote (2780)11/5/2013 7:26:15 PM
From: The Ox  Respond to of 8288
 
I have roughly 200 semi stocks and related companies electro/scientific/instruments/etc, that I track in 5 different watch lists... MLNX was down by more than 2% greater than any of them. Looks like they got singled out for whatever reason. It was one of the reasons why I pulled the trigger on the day trade, fwiw.

I was doing a bit more digging into them and it seems to be entering the fairly cheap area if you back out their cash on hand, nearly 21% of their stock price ($6.81). This is not to say that they won't fall further, as new lows tend to be followed by more new lows as people bail from the downtrend. Price to sales below 3 if you back out cash.

Anyway...no need to jump in front of the train unless you're nimble or ready to play the risk/reward approach. Much, much safer (one might say better) to watch for the clear reversal pattern to form.



To: The Ox who wrote (2780)11/15/2013 12:42:50 PM
From: The Ox  Respond to of 8288
 
Nailed the bottom of MLNX, too bad I was day trading and not loading up for a position trade!! Up $7 since then!!!