Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (39736)	10/17/2003 2:36:56 PM
From: pezz	Read Replies (1) of 74559

Whoa....Highly speculative..Very extended at these prices and I (we) have both chased it here. Hope ya didn't buy to much. I am aware it could pull back which is why I only bought 1 and 1/2 trenches at these prices. OTOH I wanted to be sure it didn't run away from me as I wanted a piece of the action. Mostly I think WS likes what they do ...so so do I. <<BTW, they are NOT in telecom, are they :0?>> Naa they sold out most of that kinda stuff .They make some chips mostly for the gizmos I mention below also MCMs ( your guess is as good as mine on this one )for telecommunications They say they are transitioning to a "fabless semiconductor co" Dunno what the hell that is but it sounds good. This is the driver. They make some sort of radio frequency gizmos ( RFID) that will eventually be used by everybody ( business) to keep track of their stuff.Wal Mart has demanded that all it's suppliers start using the tags that this co. ( and others) provide the readers for by 2005. Yesterday they gotta contract for some of this stuff and the stock shot up...we bought it onna slight pullback. Earnings due out soon and should show good improvement in revenues over last qt as their backlog is all time high in spite of having sold off a good percentage of the co. Last qt guidance said things are looking up .. FWIW They are still inna red but got no debt and lotsa cash... Chart (although extended ) shows good supply demand and the tape from what I've seen also positive. Still a pull back is very possible. I will double up if we get one...Good luck Hope I don't get labeled as a "worthless slug" on this one. %^)

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