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Technology Stocks : RF Micro Devices (RFMD)

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To: robert duke who wrote (1047)	10/20/1999 6:10:00 PM
From: Retire@40	Read Replies (2) of 4849

Bought more RFMD this am at 40...I was surprised by the drop, as the stock was actually up 1/4 at about 9:15 am before the open. Somebody with some influence must have downgraded or maybe CNBC mentioned something negative about that time...don't know for sure...but I love a good firesale. Also my holding put options as a hedge against my long position paid mighty dividends this morning...RFMD is trading up to 43 3/4 afterhours this evening...from these levels we should double by summer when the MOT revenues start coming in...the company gave guidance in its press release last night that they would be investing in more R&D and marketing, so that shouldn't have been a surprise to anyone this morning. Maybe the CNBC effect made us some extra bucks today to those that bought in...I think it was a good decision to buy today for all those that did if you are a long term holder. I saw AHAA do the same thing last week..released earnings that were good and the stock promptly sold off 12 points...got at low as 44 and bounced like a rocket...now back to 52. RFMD should behave in a similar manner. FWIW Emac

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