He thinks an investor should buy stocks on weakness. He wouldn't sell it before the earnings because it's the lowest valued. Gary says SOXX is still in a downtrend. This stock made a great move midweek, but failed to break the downtrend line. He would NOT look to buy until it breaks.
Chances are it sees new lows again.
Short term, CORV could rally to the top of the downtrend line. You just need to decide what your timeframe is. Well it dipped to 34 earlier this month and hasn't been back there since. Scott says it's got tremendous cash flow, it's an institutional favorite, and the stock could rally to 50 here. Scott Bleier says to buy it, but Gary B. Smith says it's dead money.