I just read this from Bespoke Investment Group.
The plot is the most telling. This market sure is strange.
“…we were happy to have publicly announced the alliance with STMicro and Samsung, I’m pleased to report that we currently have similar alliances in the works that we cannot announce publicly.”
This is a quote from the Q1 conference call of Metalink Inc. If you didn’t know, last month MTLK announced a stratigic alliance with STMicroelectronics and Samsung to provides its chips for their HD IPTV boxes. These boxes will be in everyone’s home in the near future. Most importantly, they will be in many of the homes in China.
Interestingly, another leader in this area, Sigma Designs has recently been downgraded by a few analysts due to increased competition from other companies in China. STMicro was explicitly mentioned. I’m very interested to find out what MTLK has in store for us.
Here is a list of some links regarding MTLK.
MTLK Press releases
Shlomi Cohen article on Seeking Alpha
Shlomo Greenberg article on Seeking Alpha
Sigma Designs Downgrade
Ok, this wouldn’t be complete without a chart. Oh, and by the way, I own MTLK.
On a final note, don’t expect MTLK to start ramping up revenues until late this year.
We are back to sentiment arguments again. You know the drill, when everyone is bullish the market goes down and when everyone is bearish the market goes up. Guess where we are now?
On one hand, you have a market being led by the Dow 30, with the small-cap growth stocks lagging for the most part, which has usually been a bearish sign. (Especially for the Canslim investor.) On the other hand, I don’t care where you look, everyone is bearish right now. The Fast Money guys, Tom O’Brien, and even the average investor. (AAII investor sentiment was 54% bearish)
If you want to see an intersting chart, check this out.
You can read the full story here. It talks about how sentiment readings show that we are nearer to a bottom than too a top. Amazing.
What to do? I don’t know. I guess I’ll just keep my strategy of buying pullbacks and not breakouts. My MIND trade is moving in the right direction. My DNA trade is flat. UXG is still strong, while GTW continues to go sideways.
My blog is worth $10,726.26.
How much is your blog worth?
Recent Comments