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  • High Tide for SiRF Technology [View article]
    I don't believe that I recommended that SPECULATORS wait for the IPO price, as that wouldn't make sense. My comments were addressed to long-term investors - perhaps I wasn't clear. Also, I admitted in a later comment that perhaps I was being overly conservative - $10 is the ceiling that needs to lift. For short-term traders, I guess I wouldn't be surprised if SIRF were to recover a small portion of its overall losses. I certainly wouldn't consider betting on a further decline imminently - the stock is very oversold. I would rather, however, buy falling knives for a trade that have better fundamentals than this one. I believe that as more institutional holders evaluate the balance sheet they will choose to exit as well.
    Feb 25 02:43 am |Rating: 0 0
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