Marvell Tech (NASDAQ:MRVL) – Possible bounce candidate
Source: http://notablecalls.blogspot.com/2008/08/marvell-tech-nasdaqmrvl-possible-bounce.htmlPosted on Tuesday, August 26th, 2008 | In Market Commentary
Contributed by: Notable Calls (http://notablecalls.blogspot.com/) -
Jeffco is out today w/ a dg to Hold and the stock is down 5%+ in reaction to that.
Yet, we have Cowen out saying things are good. They actually spoke to the CFO that reiterated HDD side ticking as planned. Their checks also suggest that MRVL has seen some important wins at INTC and MU;
Also, Avian Research is reiterating their positive opinion on MRVL; remains one of their favorite names and they believe they will beat and raise when they report tomorrow.
Notablecalls: So, even if Jeffco is right on the L-T, the shorts are likely going to get squeezed following the results. One to watch. – fyi
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