No more trades today. I started to short PW Eagle (Nasdaq: PWEI) near the close, as it dropped below 30 and looked like it might want to close the gap that it didn’t close yesterday. But, since it was so close to 4pm EST I decided not to. I would have made maybe 5 cents, so not a big deal.
Still Confused about TRID
I guess reporters were wondering the same thing I was about Trident Microsystems (Nasdaq: TRID) (see my previous post), since this afternoon little reports started coming out to “explain” it. They were saying it dropped like a brick over fears that LCD TV sales were not good. The article also mentioned that a Piper Jaffray analyst lowered his price target substantially for the company, but I can’t seem to find that news anywhere except these after-the-fact articles. Like I mentioned before, I checked several news outlets. I looked at newratings.com, which tracks analyst actions in addition to upgrades and downgrades. Nothing. But, for all the volume TRID was doing, you would think this price target change would be easily found on the net. I still can’t find it. Maybe I don’t know where to look?
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| PWEI |  |  |  |
| TRID | | | |
