Guavaxf3006
00:09
$Marvell Technology(MRVL)$  


Like clockwork. Big announcements led to early spike which is now reversing. There was really nothing unexpected in today's announcements. And again, price to perfection theme is in play. 


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Comments

  • Guavaxf3006
    09:57
    Guavaxf3006
    Ater the early morning spike to above 11%, it closed down at just 5.8% up. Still up for the day but rather dramatic swings.


    In overnight trade we are seeing some more profit taking but these are at very low volume.


    Now I am recommending to keep watch to see if the price has stablized. Likely it will stay flat today when market opens. But it does not fall further, this may be a good sign.
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