Be careful, this was a Matt MARGOLIS pick back on July 20 on SA. http://seekingalpha.com/article/3339225-silicon-motion-technology-worth-considering-for-the-long-haul
^Lol anything associated with Matt will never get a chance on this forum... how sad. Although the stock has dropped ~20% since he wrote that article. Lol.
Remi; Thanks for the SIMO idea. Looks interesting and I'll do some more DD. Appreciate your contributions to this message board.
Although I made a quick comment, Remi, I appreciate your contributions here greatly and I will also look into this idea as well. Maybe take some info from Matt M.
Remi is definitely one of the best contributors left on this forum. I miss the day when Michael would chime in here...
I've been following SIMO for years, presumedly long before Matt (who probably only took notice when he saw their partnership with Micron). Looking at Matt's articles, he has picked alot of names which have been big losers that I would not have considered at the price point he picked them: GTAT/INVN/PLUG/MU. If anyone has any questions regarding Silicon Motion, let me know. The biggest risk in case you're wondering is some customer concentration with Hynix but I am monitoring the situation for 2016 and it does not seem to be an issue yet. I miss Michael for his attempt to balance Mark's ultra bullish commentary, and for his educational posts since it's always nice to learn things from a finance professional. The last proclamation from him though I seem to remember is his bullish commentary for AERO when it was sitting above 4 a share Anyway, thanks for the replies - I posted this name partially since it hit the bottom of a trendline on the risk/reward chart: [SIMO_RR](//muut.com/u/pttresearch/s1/:pttresearch:mEif:simo_rr.jpg.jpg)
Yikes, looks like Matt also picked Unipixel too at some point, that has been dropping like a rock for some time. I had that one on my short candidate list actually before.
Micron (MU) was one of his darlings and look what happened there...I see a pattern developing...short everything Matt M suggests.
I believe I remember reading Matt initially invested in MU at 3 dollars a share or something to that effect. It's unfortunate he introduced it to the subs near the top of its cycle, it's better to wait on that one since its momentum has yet to reverse - DRAM prices are still falling and its more exposed to that (and in PCs) than NAND where things look interesting. SIMO has no exposure to DRAM, its margins are stable to up and it is gaining momentum while many other semiconductors are flat to down. As for some of his other names, I prefer to wait to see a profit before going heavy into a stock. Matt seems to go for moonshots and he hits 10 baggers every once in a while.
In case by chance anyone shorted Western Digital, it's time to cover that short I think. The deal Western Digital has going on to acquire Sandisk and to sell a stake to China's Tsinghua/Unisplendour, if approved, will create a pretty synergetic global powerhouse. Sandisk's 3D NAND technology for SSDs is exactly what Western Digital needs.
40 dollar target reached, not much short term upside left at this point according to technicals - maybe closer to 40.50 if it matches old pattern exactly. Only took 7 months, hope someone benefited from this one
Hi Remy, I have bought a few shares last year based on your post and after i took a closer look, sold it with a small profit. ... too early, I left the train before it accelerated. :-( Never mind, I'll have a look at your last idea (Medicure). Looks like I owe you more than a few drinks. :-) Thank you for sharing long ideas, always appreciated. regards, Tobias
darn it - looks like SIMO just pre-announced a blockbuster quarter... thinking of getting back in now....