JCY has almost 240 million cash with 40 million in short term investments. Western Digital bought over Sandisk and their share price rose and the company is doing better. Hard disk drives are a sunset industry and will probably last for another 5 to 10 years. JCY should buy over a SSD (solid-state storage device) manufacturing company or a hybrid hard drive company and move on. If not their future will surely be short lived.
Needs to end the day not far off from the highest point to sustain the momentum into next week. That will confirm JCY is on an uptrend, which will attract traders again. The past couple of starts had sputtered after just two days. Hoping this time is for real.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
flyingdoc
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Posted by flyingdoc > 2017-01-05 10:27 | Report Abuse
JCY has almost 240 million cash with 40 million in short term investments. Western Digital bought over Sandisk and their share price rose and the company is doing better. Hard disk drives are a sunset industry and will probably last for another 5 to 10 years. JCY should buy over a SSD (solid-state storage device) manufacturing company or a hybrid hard drive company and move on. If not their future will surely be short lived.