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Silicon Motion Technology (SIMO): Q1 EPS of $0.41 beats by $0.08. Revenue of $64M (+47.5% Y/Y)...

Silicon Motion Technology (SIMO): Q1 EPS of $0.41 beats by $0.08. Revenue of $64M (+47.5% Y/Y) beats by $3M. Shares -8.7% AH. (PR)
Comments (2)
  • Gbhunt
    , contributor
    Comments (2) | Send Message
     
    Why when earnings look good does a stock like this get killed. Guess I should get out of the market because none of its makes any sense???? Comments????
    26 Apr 2012, 06:48 PM Reply Like
  • haruglory12
    , contributor
    Comments (54) | Send Message
     
    Last time it reported it was up 10% then down 10% and close about neutral. I would use $19.50 as an add point and $19.00 as a get out point. Also above $22.00 would be a standard breakout from a cup with handle. The base looks good so my bias would be to the upside.
    26 Apr 2012, 10:27 PM Reply Like
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