GIGA: i sold for a 30 cents loss. Chart is
I have purchased SYBR at the low $4 for a swing play.
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The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!
5 Comments:
I bought LEXR this morning at around mid $5 and sold it in the afternoon.
If you want LEXR, i recommend you watch what happens afterhours for like 15 minutes when the earnings come out. If it continues to go up, then consider buying.
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they missed the earnings by 7 cents. They would have been bankrupt within 4 months if they didn't win this case. Although I don't believe 7 cents is that big of a deal against 380 million dollars, I believe this will be a bigger reason for the stocks to correct on monday morning. My opinion and opinion only, stop loss.
Sorry, I meant 80 cents a share. $63.3 million dollars lost. 380 million is a lot of money gained, but it will cost some of that to cover the loss and more to turn the company around.
Again, just my opinion, I'm not a pro.
LEXR lawyers are back into court today regarding the punitive damages. Hey, if something comes out of it on Monday, we may see another run.
Obviously, if not for the $380 million announcement yesterday, LEXR would have received a 50% haircut. Instead of a $6 stock, it would have been a $1.50 stock. lol
Either way, i am not interested anymore. They are losing too much money quarter over quarter. $60 million lost last quarter is humungous, considering they only have $80 million cash.
Toshiba and Sandisk really did a number on LEXR. I feel sorry for the company, and will try not to buy Toshiba and Sandisk products.
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