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Cheng, you should not find your information only in this thread or forum, get your information through various reports, news, and most importantly management briefing. If you need a tool to help you do research, subscribe to Gemini 3, very useful for fact findings.
Balance sheet for tech companies doesn't really carry much weight, tech companies is all about growth. So if you can't see any growth in it, then it's time to look elsewhere.
If the reason you choose Inari is for iPhone business, I think there's no excitement, iPhone users will not double anytime soon.
If you see Inari next growth is Optical and Memory, there's a lot of excitement.
So in the end , just be clear of the reason why you choose to look at Inari. If the reason is no longer there then can look elsewhere.
Adama, not that bad in my point of view, within expectation already since Inari management already said RF business will be flat. Hence the reason I'm here is for their optical transceiver, the next big growth. Currently Inari management said that there will be at least double digit growth for this segment. P34 and P55 plant is handling it.
4. Short sellers took advantage and further pilling up on the selling pressure, we can see that they're trying to break RM1.80 level to trigger more selling.
5. Margin calls force selling.
My point of view is, the big drop is within expectation. Let me explain:
1. Inari QR missed expectations, so institutional fund managers have to readjust their portfolio, doesn't matter the future prospect is good or bad, they need to readjust based on current earnings. They have their sop to follow.
2. This QR missed coincidentally met with market correction period, hence buyers stays away, so the drop get bigger.
3. It broke MA200, this level usually triggered auto sell.
