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Mellanox (MLNX -6.7%) gives back yesterday's Oracle-fueled gains after Israel's Globes reports...

  • Thursday, December 20, 2012, 12:32 PM ET
    Mellanox (MLNX -6.7%) gives back yesterday's Oracle-fueled gains after Israel's Globes reports of heavy institutional selling, something its sources attribute to expectations Q4 and perhaps Q1 results will miss expectations. The paper notes short interest has soared, and suggests a CFO change and "conservative" commentary at presentations has institutions on edge. Shares have already been crushed thanks to soft Q4 guidance. Barclays remains bullish, arguing demand for low-latency, high-speed, data center connectivity will continue driving growth. (Kerrisdale Capital)
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    They are selling at the wrong time.. BUT, the bonus is the new price to buy the shares is better and better.. so I wait for the market to come to grips with the fiscal cliff, and I would like to remind all of the capital gains issue in the US which most likely is the cause of the selling into the market before January 1st.

    I am still bullish on this one!
    20 Dec 2012, 12:55 PM Reply Like
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