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Technology Stocks : SWKS - Skyworks Solutions, Inc (was AHAA)
SWKS 69.59-1.5%Nov 7 9:30 AM EST
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To: All Mtn Ski who wrote (1291)6/13/2002 1:01:38 PM
From: The Ox  Read Replies (2) of 1698
 
Hi gang,
I bit the bullet yesterday and started an new position in AHAA (avg $6.65/sh) with the long term in mind. If for some crazy reason the stock should soar from here, I'll probably lighten up my position over $10/share and free up some cash for other investment opportunities. I suspect that with the wireless industry in turmoil and with handset expectations lowered substantially from earlier in the year, we shouldn't expect a huge jump in the stock.

My concern is that we've reached a couple of important cross-roads on both the AHAA and the NASDAQ charts. In the larger picture view, my expectations are for a short bear rally followed by continued weakness for the summer period.

However, I think from a fundamental point of view, this stock has reached the very attractive stage if you look past the current sentiment and start thinking about where this company will be in a few years. I'm not sure that we will get the opportunity to buy this stock at a substantial discount to the current price and with this uncertainty - I decided to error on the side of owning the stock.

Time will tell but I thought I'd let y'all know that I'm back on the long side with AHAA.

fwiw + my 2 cents,
mh
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