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Technology Stocks : RF Micro Devices (RFMD)
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To: chojiro who wrote (4123)6/12/2002 4:31:06 PM
From: tuck   of 4849
 
chojiro,

I think I'm still seeing the margin selling (at least in other stocks today). Nor do I see any near term catalysts. If you think it's still way overvalued, there are probably other things to go long that are not. Guessing there's more near term upside elsewhere. Thanks to strength in its market and diversification, it will hang on and maybe get some help from things like wireless LAN to compensate for iffy handset sales. I think RFMD will recover, but slowly.

Wondering about competitors that have not fessed up. Might look into shorting them on bounce. AHAA, Triquint, etc.

Cheers, Tuck
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