Does anyone know why the recent sell off? Was it the morgan stanley downgrade........right before earnings----giving us a buy opportunity? In the IBD 100, it has gone up to number 17 from 40something. HDTV is a fact, it's not going away. US mandates it in February 2009. All my co-workers have bought and are buying huge HDTVs, then buying blue ray players, and antennas, and HD dvds, and everyone is carrying a new multimedia laptop. The fundamentals are in place. Perhaps it's an insider that tipped off the market before earnings to sell off before a blowout quarter. Did they loose a contract on something? Or did they get a contract on something new like their new display technology at CES? We'll see. I see the technicals on IBD, I've reviewed the chart, and huge gap- downs just don't happen when sales are increasing at 53%. It just does not make sense to be down this much. I don't want to say the market is wrong, but I do think it is one- sided....one person feared a huge global down turn and cashed out. I believe this is a buying opportunity. Earnings should be spectacular.
$41.3 (01/25/08)
Agree
Disagree
