SMT swing trade

Discussion in 'Stocks' started by learn&earn, Nov 11, 2010.

  1. Trying to figure out why this thing is so beaten down? Earnings were not "bad" just under expectation and the market HATED it. Profit margins went way up. Went long today at $8.65 and plan on keeping it until Monday. The market is always right of course but I just don't see why this stock is so discounted right now. Any thoughts?
  2. pcp198


    It didn't even bounce, so it could have another push down before the reversal. Tomorrow, if it drops below todays low of 8.60 and starts moving back up that might be a good spot to buy.