This is a dangerous stock folks. It's a play on the whole nasdaq, if we go down it goes down hard. Earnings on the way and doubts creeping in about BRCM competition but the overwhelming fact of Toshiba's pull out in Blue ray format is just forcing me into this name. The idea that our recession will be so deep no one will but DVD players is just too much for me to fathom. On top of that an interesting read in todays NY Times about movie downloads and their compressed sound and visuals that can't compare to DVD and a light bulb went off in my head (while on the can of course) DVD's aren't going anywhere....
It's hold your breath at earnings time, but this stock is explosive in nature and if things work out and competition is late to market could achieve $55 quite easily and perhaps $75 ultimately.~stoney
It's hold your breath at earnings time, but this stock is explosive in nature and if things work out and competition is late to market could achieve $55 quite easily and perhaps $75 ultimately.~stoney
