quote:Originally posted by TraderTom: Did I miss something?
They missed estimate by a penny:
"4:53PM IXYS Corp misses by a penny, issues guidance (SYXI) 9.69 -0.06: Co reports Q3 EPS of $0.01, $0.01 worse than consensus of $0.02; revs were $50.7 mln, vs consensus of $50.0 mln. Co expects Q4 revs of "at least $46 mln", vs consensus of $51.5 mln."
Thanks for the clarification, Pizzaboy; other than the missed penny the numbers looked impressive to me (growth) - I'll watch it closely tomorrow.
Let me summarize why I put SYXI on the watchlist. It lost >20% in less than 2 weeks, and just hit the lower Bollinger band, the SMA50, the 50% Fib level of the last major move, and prior S/R. Chances are that these together will give it enough support to stop the freefall, and hopefully make it bounce. You can also see a series of higher lows over the past 3 days, which is generally bullish (learned this from FST ....).
As I said, I'll watch is closely tomorrow. My gut feeling is that the 9.2's in the extended hours trading was an overreaction, but we'll see.
On SYXI....It's oversold and has higher lows, but I think I'd wait until short-term indicators start pointing up. Of course, that could be any day.
Posts: 217 | From: Texas | Registered: Jun 2003
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