chojiro,
But this is an old theme. MOT's been losing share for a while now. Is their outlook & cutting due to that or to a contraction in the market overall (worse than we've already been told, that is). From the same PR from which you got that snip, I get this one:
>>However, Nokia Corp. (NYSE:NOK - news), the world's largest maker of mobile phones, said last month it expects group sales growth of about 15 percent next year as it benefits from sales of new Internet phones and gains market share.<<
And we know which of the two RFMD does more business with, don't we. Time will tell, and I'll keep collecting call premium for a while (another 1/2 a year?). I don't see it breaking below 20 unless the market has a Santa Claus correction. However, I've been expecting one of those, soooo . . . That's why half my position is hedged at $22.5, and the other at $17.5.
Are you moving on to short something frothier? GNSS or NVDA, perhaps?
Cheers, Tuck |
