Well, well, well. The beginning seems to be finally here. TQNT started last week, and now RFMD's getting a move. The little wafer group, as I've said many times, moves together and some lag...look for CNXT to catch up soon...VTSS also is really nice. I get a kick out of guys calling "the next AOL"...does it mean split split split and then dump a hundred points? Only kidding, I just think it's silly hyping stocks like that.
Interesting to note that Morgan Stanley, Goldman and Merrill are all conspicuously absent among TQNT dealers. IMO it's way overpriced as is AHAA. VTSS and RFMD the eventual long term big winners, and I'll point out again to anyone that cares - the on balance volume has stayed quite nice on RFMD over the last month. I was a bit surprised though to see the large sells in the last half hour today. Strange that 100K would trade out of RFMD in 3 chunks this afternoon. Probably another genius covering their QCOM short. Certainly won't affect the stock here. If you saw it over at TQNT, ANAD, or AHAA they'd move a bunch, that's for sure.
Good luck to all longs here, and Happy New Year! |
