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Technology Stocks : AMD, ARMH, INTC, NVDA -- Ignore unavailable to you. Want to Upgrade?

To: gzubeck who wrote (12371)	10/9/2014 2:44:46 PM
From: Pravin Kamdar	Read Replies (1) \| Respond to of 73989

gzubeck, Having said that, I believe that the sell off is a little over done. The fall from around $4.50 to $3.30 was due to real concerns about inventory, earnings, and guidance, and short hedge fund manipulation. The fall from $3.30 to $2.95 was due to additional fear about Rory's resignation and probably a lot of stops being taken out. I have been selling my position on the way down. I sold a 5000 share block at $4.22 that I just repurchased at $2.96. While we could go much lower, as I am a firm believer in, "the market can stay irrational longer than I can stay solvent," I think there is a short term trade here. Bad numbers and guidance are baked in. This could be a case of "sell on the rumor and buy on the news." Gambling has its risks. Pravin.