chojiro,
Just a few days ago, you were talking about going long. Guess you came to your senses in time. However, I do not think RFMD's markets are as saturated as CIEN's, do you? It is tough to value RFMD now because the earnings hiccup means it could be overvalued in the short term, but the punishment it has endured could be overdone from a long term perspective. The caveat being if we are really in for a long recession, as you think we might be, in which shorting anything ought to work, including RFMD to low single digits. I'm getting ready to short something on what looks like a technical bounce occurring during a triple witching week, as I see other things that look more overvalued now than RFMD. Such as EXPE, PHYS & PLMD (if the regulatory smoke implies fire for those two), PYPL, REFR, etc. What are you watching?
Cheers, Tuck |
