Buy @ $0.665, $0.65, $0.64, $0.635, $0.61, $0.605, $0.595
After a one day respite, the selling started again today in earnest. OSK-DMG released a very negative report with a SELL recommendation and target price reduced to $0.47 (from $0.88 on 9-May). This is based on,
- Selling by AMAT + CEO
- Cloudy outlook for Margins (based on their channel investigation)
Mkt data for today,
- Vol = 15,955,000
- Range = $0.595 to $0.685
- Close = $0.595
The Buyer CP comes from all over… Looks like OSK-DMG (plus perhaps other analysts) have successfully started a mass selling stampede by just tagging their main reasons on the majority shareholders' (CEO + AMAT) recent selling… Looks like all set to drop towards their target price of $0.47… I don't see any "daylight" till next Q results (6-Aug last year) proves the analysts wrong (on the margins) or CEO + AMAT stops their selling …
Darn scary… Feels like Titanic is sinking and it's everyone for themself … 😀