Seeking Alpha
  • Ashraf Eassa
    Why did $ARMH crater today...
    5/21/13
    Reply (21)
    • Bill Maurer: profit taking in tech land - $AAPL, $GOOG. Even the momentum names have pulled back a little.
      5/21/13
    • Eassa: That doesn't explain a 4% drop. This thing is in freefall.
      5/21/13
    • Bill Maurer: 4% is a freefall? Have you seen some of the other momentum names? Down 10% from today's highs...
      5/21/13
    • wigit5: anticipating the coming battle with Intel's new chips and increased competition in the mobile space?
      5/21/13
    • Eassa: Bill, this is more than I ever saw $ARMH fall in one day on such high volume. $ARMH had an investor day today in London. Could be cause.
      5/21/13
    • Eassa: It tanked late in the trading day on the London exchange too.
      5/21/13
    • Bill Maurer: There's a couple of 3% plus drop days so far this year on heavy volume. It happens. 1/15, 3/13, 3/21 to name a few.
      5/21/13
    • Eassa: Perhaps but $KRFT, $INTC, $MU and many others are up. This event is specific to $ARMH. Now @47.63/ -4.53%. Something just broke with $ARMH.
      5/21/13
    • Ian Farbrother: Drop didn't start until well after analyst day finished, and was triggered at the same time as general fall in the indices.
      5/21/13
    • Ian Farbrother: No real technical damage yet, but strongest support is down at the 50/70 ma range around 43 - so it could go further. Staying long!
      5/21/13
    • Bill Maurer: What in the world does $KRFT have to do with $ARMH? That's just ridiculous. $AMD also dropped.
      5/21/13
    • Ian Farbrother: Didn't hear anything at all 'hinky' at the analyst day presentations or Q&A.
      5/21/13
    • Ashraf Eassa: Ian - agree, no technical damage yet. Could be just some massive profit taking after a monster run.
      5/21/13
    • Eassa: Bill, I just picked off some random stocks off my screener. The point is that the market as a whole is not down today.
      5/21/13
    • Eassa: Ashraf, why such a massive "profit taking" and why today and why so large and on high volume? This is the elephant in the room.
      5/21/13
    • Ashraf Eassa: Buy-side probably confirmed the Samsung Galaxy Tab win, ARM takes a multiple hit on mkt share loss fears.
      5/21/13
    • zigazaga: On LSE it shows as having lost exactly 31 points = 2.8285%. Just after its all-time high of 1,111 it wouldn't seem such a big deal.
      5/21/13
    • Ashraf Eassa: The LSE closed and the bloodshed continued on the US exchange. Expect a commensurate gap down on LSE tomorrow.
      5/21/13
    • Ian Farbrother: Found this from a Briefing.com Story Stocks post at 10:35: "... ARMH (-2.0%) was named a short Research Tactical Idea at Morgan Stanley."
      5/21/13
    • zigazaga: ARM has had plenty of bumps on its relentless climb to today's all-time high. Have you shorted it yet?
      5/22/13
    • Eassa: And its down another 4.5% on the LSE today so far. This is a major retreat. We'll see how the ADR does today.
      5/22/13