ALTR has been running up on the speculation of an ORCL buyout. As an electrical engineer, I am very familiar with the products of ALTR. There is no synergy between Altera’s products and Oracle’s strategy of acquiring semiconductor companies to enhance server technology. Possible buyout candidates include MIPS, AMD, ARMH and NETL.
We will start scaling in shorts on ALTR right here at $30.30 and add to the position on up spikes. Target in the range of $28.75 to $29.
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