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Technology Stocks : RF Micro Devices (RFMD)
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To: im a survivor who wrote (4071)2/28/2002 3:56:40 AM
From: chojiro  Read Replies (1) of 4849
 
Hi KG, I am curious if you are still holding your long position in RFMD.

I traded it long the other day from just over 15, was looking for 177, came close but I didn't sell. Instead I put in a stop at 15.46. I got taken out today for just under 1 1/2 gain.

However the reason I'm interested if you are holding(or anyone else here) is that I think I'm going to start my short position here again tomorrow. Unless we get a delayed reactional buying frenzy on the heels of Greenspan's speak, i am getting the feeling 13 (sept lows) will be seen here is short order. After that, with out any signs of recovery(all wireless is sucking air still) $10 might be in the cards before April(per tuck and my previous discussion.)

Fact still remains this stock is way over valued; especially when you take into consideration the weakening industry.

Good luck. I'll let you know if I decide to enter a short position here.
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