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Strategies & Market Trends : Galapagos Islands
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To: Techplayer who wrote (19987)1/7/2003 2:56:07 PM
From: Cisco  Read Replies (2) of 57110
 
RFMD is going to come in with volume north of 2 million. I had 8.81 to 9.06 as the resistances that it had to break though to keep climbing. The fact that it sold off sharply after hitting 8.90 and that it is currently looking to close down on such volume worries me. In the past that usually is the beginning of a down turn in RFMD. I am currently long RFMD, but don't like what I am seeing. I may dump my 20,000 shares if the trend continues this afternoon and kick myself for not unloading more yesterday.
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